Mitchell S. Fried has over 30 years of experience in financial services in roles such as Chief Operating Officer and Vice President. He has expertise in areas such as operations, product development, strategic planning, and marketing. Currently, he provides consulting services to start-up and established hedge funds related to operations, infrastructure, and marketing.

1. Mitchell S. Fried<br />One Independence Court, Apt 1101 Mobile: (201) 401-6504 <br />Hoboken, NJ 07030 mitchellfried@gmail.com <br />Accomplished General Manager with P&L responsibility and extensive domestic and international experience in developing, managing and growing financial services businesses. As COO of leading global alternative asset servicing business, oversaw all operating, administrative, financial and marketing activities. Solid experience across a broad range of asset classes and strategies including distressed debt, loans, derivatives, fixed income, currency, commodities, long-short equity, macro, quantitative and directional strategies. Expert in identifying and developing new products, accessing new markets, evaluating and implementing acquisition and joint venture opportunities. Skilled in strategic planning, marketing, product management, operations and compliance/risk monitoring. Currently providing operations, infrastructure and marketing consulting to start-up and established hedge fund clients.<br />PROFESSIONAL EXPERIENCE<br />DEUTSCHE BANK – New York, NY 2000 – 2010<br />Deutsche Bank Alternative Fund Services (2008 – August 2010)<br />Chief Operating Officer, for rapidly-growing, multi-billion dollar alternative asset servicing business with 100 FTE globally that provides independent fund administration, accounting and reporting, and middle office and investor services for hedge funds, private equity, real estate and other specialized fund structures. Responsible for P&L management, finance and accounting, systems and technology, marketing, product development, human resources, training, compliance and risk management.<br />Oversaw growth in assets under administration (AuA) from $10 billion to $40 billion. <br />Expanded business into Europe and Asia and established 9 new offices.<br />Broadened product/service offering to capitalize on Deutsche Bank synergies.<br />Enhanced capacity to support accelerated revenue growth through the implementation of key platform enhancements (Advent Geneva, NTAS, NAVigator – proprietary web-based reporting platform) and the rollout of major new products (Managed Account Platform, Fund of Funds Custody and liquidity lines).<br />Built brand awareness and industry presence, resulting in Deutsche Bank being named #2 among major global hedge fund administrators in 2009 Global Custodian Survey in first year of participation.<br />Managed development of business continuity plans and completion of SAS 70 Type 1 audit certification.<br />Deutsche Bank Trust & Securities Services/Cash Management - Financial Institutions (2000 – 2007)<br />Global Head of Strategy, New Product & Business Development, for international institutional Trust & Securities Services division of leading global corporate and investment bank. Directly managed staff of 3 and $2 million budget. Regularly matrix-managed project teams of 20+ people globally across multiple business lines.<br />Championed and executed acquisition of a boutique hedge fund administrator that provided foundation for establishing a full service alternative asset servicing business. Successfully managed integration and became Chief Operating Officer of the newly formed business unit.<br />Expanded major business lines including debt services, structured finance, corporate services and domestic custody into new markets. Started operations in Japan, Taiwan, Italy, Portugal, Turkey and Mexico. New markets projected to generate annual contributions of $3 -$5 million each by the third year following launch. Managed cross-functional project teams, built business cases, and managed initial implementation efforts.<br />Developed and launched significant new products and business lines including an innovative derivative administration/valuation/risk management service to help corporate treasurers comply with BASEL 2 and new FASB/IAS regulations as well as expansion into the administration of alternative investments including hedge funds. Collectively these initiatives are projected to generate over $20 million in revenues by the fifth year following launch. Orchestrated idea generation sessions, conducted market research, developed product/service concepts, built business cases, and managed execution.<br />Partnered with division CEO, COO and senior line management to develop division’s first strategic planning process. Initiative resulted in implementation of new offshore outsourcing strategies and realignment of various support functions projected to save $10 - $15 million per annum and 120 – 150 FTE over the next 5 years.<br />Managed team that evaluated potential trust portfolio acquisitions and joint venture opportunities.<br />MITCHELL S. FRIED Page (2)<br />BUSINESS DYNAMICS CONSULTING, INC – Nyack, NY 1997 – 2000<br />Managing Director, for management consulting firm focusing on financial services, payment systems and e-commerce. Senior engagement manager regularly supervising staff of 3 – 10 professionals. <br />Developed and implemented cross-sell strategy and direct marketing program designed to build customer relationships and increase profitability for Prudential Financial Services. Projected to generate $20-$30 million over 5 years.<br />Created and implemented marketing strategies and e-commerce partnerships to build brand, drive site usage, expand enrolled membership and generate incremental revenue for destination web-site (student.com) focusing on the college student market.<br />ADVANTA CORPORATION – Horsham, PA 1992 – 1997<br />Vice President & General Manager, Strategic Business Development, for financial services firm with $16 billion in managed credit card and mortgage assets and 2,400 employees, serving nationwide base of 5+ million consumers and small businesses.<br />Started-up new business development function and led executive team in the identification of new growth opportunities with projected revenues of $50-$100 million. <br />Conceived and developed innovative membership club targeting sports enthusiasts consisting of games, merchandise, tickets and affinity credit card.<br />JP MORGAN CHASE (Formerly Chase Manhattan Bank) – New York, NY 1988 – 1992<br />Vice President, New Product Development & Remote Deposit Generation, Direct Response Banking Sector<br />CITIGROUP (Formerly CITICORP) - New York, NY 1977 – 1988<br />Citibank Retail Banking Division (1985-1988)<br />Vice President, Electronic Delivery & Telemarketing<br />Citibank Credit Card Division (1977-1985)<br />Vice President, Marketing, Private Label & Bank Credit Cards <br />EDUCATION<br />CARNEGIE MELLON UNIVERSITY – Pittsburgh, PA <br />M.S.I.A. (MBA), Graduate School of Industrial Administration. Graduated in top 10% of class.<br />B.S. Administration and Management Science. Admitted to two-year M.S. program during junior year.<br />RECENT EXECUTIVE EDUCATION<br />Deutsche Bank Learning & Development <br /> Product Training: Derivatives, Hedge Funds, Structured Finance, Advanced Debt & Equity Markets<br />Compliance Training: Escheatment, Money Laundering, Know Your Customer (KYC), Personal Conduct <br />Leadership Development: Principles for a Collaborative Workplace, Leadership Strategies, Goal Setting, Managing Priorities, Giving & Receiving Constructive Feedback, Coaching, Correcting Performance Problems, Rewards & Recognition<br />Cannon Financial Institute - Corporate Trust Level’s I, II and III<br />Frank J. Fabozzi Institute – Fixed Income & Equity Derivatives<br />EXTERNAL ACTIVITIES<br />Carnegie Mellon University - National Alumni Board, New York Chapter Alumni Board, Tepper School of Business, New York Chapter Alumni Board<br />