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Gilbert D. Scharf

Trustee

Gilbert D. Scharf is managing partner of Gildale Advisors LLC. Prior to founding Gildale Advisors LLC, Mr. Scharf was the Chairman of the Board, President and Chief Executive Officer of Maxcor Financial Group Inc. (MAXF: NASDAQ) and Chairman of the Board, President and Chief Executive Officer of Euro Brokers, as well as a number of its subsidiaries.

Prior to founding Maxcor, Mr. Scharf was a Managing Director of Lazard Brothers & Co., Limited in London and a Managing Director at Morgan Stanley & Co., Inc. Mr. Scharf was also a director of Niagara Corporation (NIAG: NASDAQ). He is a Director of the Marine Corps Law Enforcement Foundation and served on The Duke University Athletic Support Board.