Mr. Garvey joined Cerberus in 2008. Prior to joining Cerberus, Mr. Garvey spent 11 years, from 1997 to 2008, as a head mortgage trader/manager at Lehman Brothers. He managed all risk and trading operations in the following products: Agency ARM, FHA/VA Reperforming Loans, Mortgage Servicing, Non-Agency Hybrid/Fixed/Neg-am whole loans and securities, Non-Agency Subordinates and Non-Agency Residuals. Prior to working at Lehman Brothers, he spent three years, from 1994 to 1997, as a portfolio manager at Fischer Francis Trees & Watts, where he managed pension fund money benchmarked to the mortgage index by actively trading and hedging FN/FH/GN single-family MBS and associated mortgage derivatives. Mr. Garvey is a graduate of Wesleyan University.