Mr. Urciuoli formerly held the position of Managing Director. Prior to joining Spectrum in 1998, Mr. Urciuoli was an analyst and assistant portfolio manager at Presidential Life Insurance recommending corporate, structured product and preferred security investments for the general account. Mr. Urciuoli started his career in 1980 as an equity analyst at Standard & Poor's, responsible for companies in the gaming, motion picture, lodging and recreation industries. Mr. Urciuoli also was a generalist in the Securities Division of the American Stock Exchange managing equity listings on the exchange, and manager of business valuations at American Appraisal Associates, where he was involved in LBO analyses, debt and equity valuations, and rendering fairness opinions. Mr. Urciuoli holds a BA/MBA (Finance) from Long Island University.