Managing Director, Director of Trading Administration, of Cerberus Capital Management

Mr. Toscano joined Cerberus in 2008. Mr. Toscano’s primary responsibilities are the valuations of Cerberus’ mortgage-backed securities and structured credit product as well as managing Cerberus’ daily liquidity risk. He established the best execution policies and is responsible for monitoring compliance of trades daily. Prior to joining Cerberus, Mr. Toscano spent 22 years, from 1986 to 2008 at Bear Stearns. He was the Chief Administrative Officer, Global Fixed Income from 1998 to 2008. In such capacity he was responsible for strategic planning within Fixed Income and assisting in managing the day to day operations of the division. Mr. Toscano was responsible for coordinating many of the finance and accounting functions as well as human resources and compliance functions. Mr. Toscano is a graduate of Farleigh Dickinson University and holds a degree in Economics and Finance. Mr. Toscano is a member of the Cerberus Capital Management Financial Risk Management Sub-Committee.