Banking and finance who's who: L.A.'s foremost money movers.

Eric Allan

CEO & President, Malaga Bank Palos Verdes Estates [phone] Age: 57 Resident of. Palos Verdes Estates Native of: Vancouver, B.C., Canada Education: no degree earned

Allan is responsible for Malaga Bank achieving its performance objectives for earnings, market share and other quantitative goals, as well as improving international communications, exhibiting vision and leadership and enhancing shareholder relations. He has 25 years of commercial banking experience in Canada, including positions as executive vice president and chief credit officer for a $500-million wholesale commercial merchant bank, a real estate investment trust and a mortgage investment corporation. He also conceived and spearheaded formation of Malaga Bank, a savings and loan institution initially capitalized in 1985 with $3.2 million. Malaga Bank now has a capital fund of almost $10 million and assets of approximately $140 million.

Barett Andersen

CEO & President First Federal Savings Loan Association of San Gabriel Valley West Covina [phone] Age: 46 Resident of: La Verne Native of: Covina Education: B.S. in business management, San Diego State University (1971)

Andersen is currently CEO and director of First Federal Savings & Loan Association of San Gabriel Valley, with $225 million in assets. He has been the institution's CEO since 1983.

Robert Arnott III

CEO & President, First Quadrant Corp. Pasadena [phone] Age: 40 Resident of: Pasadena Native of: Los Angeles Education: B.S., University of California at Santa Barbara (1976)

Arnott is responsible for managing more than $15 billion in corporate and endowment pension assets. He also manages First Quadrant's work force of more than 50 employees, handles marketing and oversees new product development. He developed the first tactical asset allocation model for the Boston Co. in 1982. First Quadrant lays claim to having the first quantitative global tactical asset allocation product anywhere. In addition to running the firm, Arnott has published several articles in Financial Analyst's Journal.

Richard Atlas

General Partner, Goldman Sachs & Co. Downtown Los Angeles [phone] Age: 50 Resident of: Los Angeles Native of: Los Angeles Education: B.A. in finance and real estate, UCLA (1966); M.B.A., Harvard University Graduate School of Business, Cambridge, Mass. (1968)

Atlas is Goldman Sachs' co-head of U.S.-listed shares, as well as head of NASDAQ shares and Latin shares worldwide. He is also head of the U.S. trading and distribution of U.K., European, Japanese and Asian shares. Within the past 26 years, Atlas has had various jobs in the finance industry.

Nicholas Barakonski

CEO & President Del Amo Savings Bank Torrance [phone] Age: 58 Resident of: Sherman Oaks Native of: Wenden/Lodi, Poland Education: B.S. in management, accounting and economics, University of Melbourne, Melbourne, Victoria, Australia (1961)

Barakonski has been CEO and president of Del Amo Savings Bank for the past 15 years and has 31 years total experience in the banking/finance industry.

Peter Barker

General Partner, Goldman Sachs & Co. Downtown Los Angeles [phone] Age: 45 Resident of: Pasadena Native of: Chicago Education: B.A., Colgate University, Hamilton. N.Y.; M.B.A., University of Chicago (1971)

Barker is co-head of Goldman Sachs' Los Angeles office and head of the firm's investment banking activities on the West Coast.

William Barnum

General Partner, Brentwood Associates West Los Angeles [phone] Age; 40 Resident of: Pacific Palisades Native of: Edina, Minn. Education: B.A. in economics, Stanford University, Palo Alto, Calif. (1976); J.D., Stanford Law School, Palo Alto, Calif. (1981); M.B.A., Stanford Graduate School of Business, Palo Alto, Calif. (1981)

Barnum is a Brentwood Associates general partner involved in private equity investments.

Donald Barry

Regional Vice President, Chase Manhattan Private Bank Downtown Los Angeles [phone] Age: 54 Resident of: La Crescenta Native of: Staten Island, N.Y. Education: B.A. in economics, St. John's University, Jamaica, N.Y. (1973)

Barry is a top-level executive for Chase Manhattan Private Banking in its Southwest U.S. region. He has had numerous administrative responsibilities in the company's banking trust and brokerage departments.

Frank Baxter

CEO, Jefferies & Co. Inc. West Los Angeles [phone] Age: 57 Resident of: Pacific Palisades Native of: Baxter, Calif. Education: B.A. in economics. University of California at Berkeley (1961)

Baxter is currently a member of National Security Traders Association and International Equity Dealers Association. He is an affiliate member of L.A. Society of Financial Analysts.

Robert Bechtelheimer

CEO & President Rockwell Federal Credit Union Downey [phone] Age: 62 Resident of: Downey Native of: Camden, Ark. Education: B.A. in accounting, South Arkansas University, Magnolia, Ark. (1954)

Bechtelheimer has been president of this $366 million (assets) financial institution since 1991. Prior to joining the credit union, he served in the U.S. Navy, from which he retired as a Supply Corps Captain. At the height of his naval career, he was director of the Naval Audit Service, Western Region. He was awarded the Legion of Merit for outstanding service by the Secretary of the Navy. He is also a certified internal auditor.

Stevan Birnbaum

Partner, Oxford Partners Malibu [phone] Age: 51 Resident of: Malibu Native of: Los Angeles Education: B.S. in engineering, UCLA (1965); M.B.A., Harvard University Graduate School of Business, Cambridge, Mass. (1967)

Birnbaum is responsible for Oxford's West Coast investment portfolio. He has been a venture capitalist in Southern California since 1969 and has extensive experience in acquisitions. He was formerly a partner with Xerox Development Corp. and Hohenberg & Associates. He is the founder and past president of Southern California Venture Group and the head judge for UCLA'S venture competition.

Andrew Bogen

Partner, Gibson Dunn & Crutcher Downtown Los Angeles [phone] Age: 52 Resident of: Santa Monica Native of: Los Angeles Education: B.A., Pomona College, Claremont, Calif. (1963); LL.B.., Harvard Law School, Cambridge, Mass. (1966)

Bogen is head of the mergers & acquisitions practice at the law firm of Gibson Dunn Crutcher and is a member of the firm's executive committee. He has led the legal effort in numerous corporate merger and acquisition transactions, deals involving some of the nation's largest corporations, as well as many medium-sized operations.

David Bretoi

CEO & President, Torrance Bank Torrance [phone] Age: 57 Resident of: Fullerton Native of: St. Paul, Minn. Education: B.A., University of Minnesota, Minneapolis, Minn.

Bretoi manages and directs activities at this $140 million (assets) community bank. Those activities include real estate lending and other financial services. He has 30 years experience in the banking industry and has been CEO for the past eight years.

Guillermo Bron

President & Managing Partner, Bastion Capital Fund L.P. Century City [phone] Age: 42 Resident of: Beverly Hills Native of: San Jose, Costa Rica Education: B.S. & E.E., Massachusetts Institute of Technology, Cambridge, Mass. (1973); M.B.A., Harvard University Graduate School of Business, Cambridge, Mass. (1975)

Bron is in charge of investing capital for Bastion, specializing in middle-market buyouts. He raised the firm's initial capital fund and acquired Pan American Bank of San Francisco. While managing director at Drexel Burnham Lambert, he completed 32 transactions with an aggregate value of more than $4 billion.

Wilfred Broxterman

CEO & President, Hughes Aircraft Employees Federal Credit Union Manhattan Beach [phone] Age: 63 Resident of: Los Angeles Native of: Baileyville, Kansas Education: no degree earned

Broxterman is a banking/finance industry veteran with numerous industry involvements and accomplishments. In addition to heading Hughes Aircraft's credit union, he is president of the California Credit Union League, a director and chairman of the board of CUNA Mutual Insurance Group, a chief lobbyist in Washington, D.C., for credit unions nationwide, president of WESCORP, president of the Credit Union Co-Op' and chairman of FSCC. Broxterman also holds a Certified Associated Executive designation and is a member of the Association Society of American Executives.

David Buell

Chairman & CEO, Metrobank West Los Angeles [phone] Age: 58 Resident of: Marina del Rey Native of: San Diego Education: B.S. in business, San Diego State University (1958)

Buell is chairman and CEO of L.A.-based Metrobank.

Elaine Cacheris

Regional Director, U.S. Securities Exchange Commission Miracle Mile District of Los Angeles [phone] Age: declined to state Resident of: declined to state Native of. declined to state Education: B.A., University of Arizona, Tucson, Ariz. (1977); J.D., McGeorge School of Law, Sacramento (1980)

Cacheris is regional director of the U.S. Securities and Exchange Commission's Pacific Region. She is responsible for the SEC's regulatory and enforcement programs in California, Arizona, Nevada, Oregon, Washington, Hawaii, Alaska, Idaho and Montana.

Edward Carson

Chairman & CEO, First Interstate Bancorp Downtown Los Angeles [phone] Age: 64 Resident of: Beverly Hills Native of. Tucson, Ariz. Education: B.S. in marketing & advertising, Arizona State University, Tempe, Ariz. (1951); Graduate School of Banking, Rutgers University, New Brunswick, N.J. (1964)

Carson has 43 years of experience encompassing virtually all aspects of banking, culminating with his positions as chairman and CEO of First Interstate Bancorp, a banking institution with $55 billion in assets. He is responsible for the company's general administrative and policy-setting functions.

William Carter

President, The Boston Co. Asset Management Inc. Downtown Los Angeles [phone] Age: 53 Resident of: Murrieta, Calif. Native of: Cincinnati Education: B.A. in finance, Northwestern University, Evanston, Ill. (1963)

Carter is chairman of The Boston Co.'s Equity Policy Group and president of The Boston Co. Asset Management Inc.

Dunson Cheng

Chairman President, Cathay Bancorp Inc. Downtown Los Angeles [phone] Age: 49 Resident of: Glendale Native of: China Education: B.S. in applied mathematics and physics, University of Wisconsin, Madison, Wis. (1966); Ph.D. in physics, State University of New York, Stony Brook, N.Y. (1971)

Cheng is responsible for the overall management of the Cathay Bank. Under Cheng's leadership, which began in 1985, Cathay Bank has increased its total assets from $330 million in 1985 to $880 million today. Total stockholders' equity has increased from $21 million in 1985 to $83 million today. Annual earnings have increased from $3 million in 1985 to $10 million in the most-current year, and the bank's number of branches has grown from 3 in 1985 to 12 branches today, including two overseas offices.

Terry Christensen

Managing Partner, Christensen White Miller Fink & Jacobs Century City [phone] Age: 53 Resident of: Beverly Hills Native of: Los Angeles Education: B.A., Stanford University, Palo Alto, Calif. (1962); J.D., USC, Los Angeles (1965)

Christensen's firm represents Bank of America, Prudential Insurance, First Interstate Bancorp, Chemical Bank and The Travelers in various litigation and commercial matters.

Donald Crowell

CEO & Managing Partner, Crowell Weedon & Co. Downtown Los Angeles [phone] Age: 59 Resident of. San Marino Native of: Los Angeles Education: B.A. in economics, Stanford University, Palo Alto, Calif. (1956); M.B.A. in finance, Stanford Graduate School of Business, Palo Alto, Calif. (1958)

Crowell is CEO and managing partner of Crowell Weedon & Co., a leading regional stock brokerage and investment banking firm that has been serving individual and institutional investors and corporate clients in Southern California since 1932. The firm has enjoyed an unbroken record of profitability since its inception. He is past chairman of the Pacific Stock Exchange and has served on the Board of Governors of that exchange for many years. He is a member of the board of directors of the Securities Industry Association and is a past chairman of the Securities Industry Association, California District. Also, Crowell is a past member of the board of governors of the National Association of Securities Dealers and serves on the Regional Firms Committee of the New York Stock Exchange.

Neil Dabney

Chief Investment Strategist & Vice Chairman, Dabney/Resnick Inc. Beverly Hills [phone] Age: 41 Resident of: Los Angeles Native of. Piedmont, Calif. Education: B.A. in economics and psychology, Claremont McKenna College, Claremont, Calif. (1974)

Dabney's responsibilities include investment selection and overall portfolio management and strategy for clients of Dabney/Resnick Inc., as well as overall strategic directions for the firm. He is co-founder, vice chairman and chief investment strategist for a five-year-old firm which now employs approximately 100 people. Dabney/Resnick has earned a national reputation as a boutique investment banking and brokerage firm.

Joseph Di Lillo

Chairman, Drake Capital Securities Inc. Santa Monica [phone] Age: 48 Resident of: Pacific Palisades Native of: Westbury Long Island, N.Y. Education: B.S. in engineering, University of Notre Dame, South Bend, Ind. (1967); M.B.A., USC, Los Angeles (1969)

Di Lillo is chairman of Drake Capital Securities Inc., a Westside securities firm.

Bruce Emmeluth

Managing Director-Corporate Finance, Van Kasper & Co. West Los Angeles [phone] Age: declined to state Resident of. Pacific Palisades Native of: Los Angeles Education: B.A. in business economics, Claremont McKenna College, Claremont, Calif.; M.B.A., UCLA Graduate School of Management

Emmeluth's responsibilities include directing the firm's investment banking activities for emerging growth companies. Those activities include initial public offerings, private placements and mergers and acquisitions. He joined Van Kasper Co. in July 1990 as the firm's managing director of corporate finance, member of its executive committee and member of its board of directors. Subsequently, he became general partner of two of the firm's affiliated venture capital limited partnerships. Prior to joining Van Kasper, Emmeluth was senior vice president and manager of the corporate finance department at The Seidler Cos. Inc.

Kent Engel

Chief Investment Officer, Western Asset Management Co. Pasadena [phone] Age: 47 Resident of: Pasadena Native of: Sierra Madre Education: B.A., California State University, Los Angeles (1972)

Engel is Western Asset's chief investment officer and has 25 years of investment experience.

David Ferguson

Partner, Chemical Venture Partners El Segundo [phone] Age: 39 Resident of: Manhattan Beach Native of: Baltimore, Md. Education: B.A., Loyola College, Baltimore, Md. (1977); M.B.A., Wharton School at the University of Pennsylvania (1985)

Ferguson is general partner of Chemical Venture Partners, a general partnership with more than $2 billion under management. The partnership invests in equity and mezzanine debt securities in management buyouts and recapitalizations, growth equity and venture capital situations. Prior to joining Chemical Venture, he was a member of the mergers and acquisitions groups of Bankers Trust New York Corp. and Prudential Securities Inc. Ferguson is also a CPA and, prior to receiving his M.B.A., worked for the audit departments of KPMG Peat Marwick and Deloitte & Touche. He currently serves as an outside director on the boards of TA Instruments, New Mexico Beverage Co., Beylik Drilling, Thompson Lacquer Co., Buster Brown Apparel and Physical Electronics Industries.

James Freedman

Managing Director, Barrington Associates West Los Angeles [phone] Age: 41 Resident of: Brentwood Native of: Groton, Conn. Education: B.S. in industrial and labor relations, Cornell University, Ithaca, N.Y. (1975); M.B.A., UCLA Graduate School of Management (1978)

Freedman is responsible for managing his firm's merger, acquisition and corporate finance projects and directing other activities of the firm. In 1982, he left Foothill Group Inc. and founded Barrington Associates and has since completed more than 150 mergers, acquisitions and corporate finance assignments.

Alan Fricke

CEO & President, Los Angeles Teachers Credit Union Los Angeles [phone] Age: 47 Resident of: Silver Lake Native of Tempe, Ariz. Education: B.S., Arizona State University, Tempe (1977)

Fricke's responsibilities include overseeing the overall operations of this $500 million (assets) financial institution, including strategic planning, etc. He is sits on the boards of directors of the Western Corporate Federal Credit Union and the California Credit Union League. He is also a member of the Advisory Committee of the Western CUNA Management School, and has been a CUNA national director since 1992.

George Froley

Managing Director President, Froley Revy Investment Co. Inc. West Los Angeles [phone] Age: 56 Resident of: Los Angeles Native of: Los Angeles Education: B.A., UCLA (1960); M.B.A., UCLA Graduate School of Management (1961)

Froley has been president of the Southwest Asset Management Co. and its subsidiary, Froley Revy Investment Co. Inc. since the firms' inceptions in 1975. He has a broad range of experience in securities research, underwriting and sales. As an economic analyst and corporate planner, he has been extensively involved in market studies for investments, lending opportunities and real estate ventures. From July 1969 through July 1974, he was an analyst and portfolio manager with the $200 million (assets) Harbor Fund, at a time when it was the largest public portfolio dedicated to investing in convertible securities. He is a member of the Association for Investment Management and Research, the Los Angeles Society of Financial Analysts, the National Association of Petroleum Analysts and the Los Angeles Bond Club.

John Getzelman

CEO & President, Community Bank Pasadena [phone] Age: 51 Resident of: Palos Verdes Native of: Elgin, Ill. Education: B.A., University of Colorado, Boulder, Colo. (1965); M.B.A., University of Denver, Denver, Colo. (1966)

Getzelman is chief executive of this $700 million (assets) financial institution, which has 12 branch locations in Southern California. He was formerly head of Security Pacific National Bank's International Banking Group, as well as its Northwest banking operations.

Joseph Giunta

Partner, Skadden Arps Slate Meagher & Flom Downtown Los Angeles [phone] Age: 45 Resident of: Los Angeles Native of: Cleveland Education: B.S., Stanford University, Palo Alto, Calif. (1972), J.D., Washington College of Law at American University, Washington, D.C. (1976)

Giunta's concentration is in corporate merger and acquisition transactions and restructurings. He is experienced in proxy contests, tenders offers, restructurings, recapitalizations and leveraged buyouts with ESOP participations.

Bram Goldsmith

Chairman & CEO, City National Corp. Beverly Hills [phone] Age: 71 Resident of: Beverly Hills Native of: Chicago Education: Attended University of Illinois, Urbana, Ill., no degree earned

Goldsmith is in charge of coordinating and leading the growth and enhanced earnings and allied opportunities at City National Corp. and its operating subsidiary, City National Bank. He is a former director of the Los Angeles branch of the Federal Reserve Bank of San Francisco.

Miles Gordon

CEO & President, Financial Network Investment Corp. Torrance [phone] Age: 47 Resident of: Rolling Hills Estates Native of: Detroit Education: B.A., Michigan State University, East Lansing, Mich. (1968); J.D., UCLA School of Law (1972)

Gordon is chief executive of the Financial Network Investment Corp. and is on the 1994 boards of directors of the Securities Industry Association and the International Association for Financial Planning.

Richard Goss

Retirement Plan Manager, City Of Los Angeles Department of Water and Power Employees' Retirement Disability and Death Benefit Insurance Plan Downtown Los Angeles [phone] Age: 48 Resident of: declined to state Native of: Los Angeles Education: B.B.A., Loyola Marymount University, Los Angeles (1968)

Goss is responsible for administering the retirement, disability and death benefit insurance plan for the L.A. Department of Water and Power employees. He is also the founding president of the California Association of Public Retirement Systems.

Howard Gould

Senior Executive Vice President & Chief Administraive Officer, Sanwa Bank California Downtown Los Angeles [phone] Age: 45 Resident of: Glendora Native of: Butte, Mont. Education: B.A., San Jose State University (1971); M.B.A., California State University at Sacramento (1976)

Gould is chief administrative officer of the state's fifth-largest bank. He is responsible for the bank's operations and support units, including quality management, trust services, human resources, risk management, legal services, information services and more. He served as superintendent of banks for the State of California from 1987 to 1989, and as deputy secretary of the California Department of Business, Transportation Housing from 1985 to 1987. Gould was also a board member of the Pacific Coast Banking School, and has helped guide Sanwa's growth from $7.2 billion to $7.5 billion in assets.

George Graziadio

Vice Chairman, CEO & President, Imperial Bancorp Los Angeles [phone] Age: 75 Resident of: declined to state Native of: Vernon, Conn. Education: Attended USC, no degree earned

Graziadio co-founded Imperial Bancorp, a local financial institution with $2.4 billion in assets. He is a member of the California Bankers Association, American Bankers Association, Independent Bankers Association and Southern California Mortgage Bankers Association. Graziadio also is a member of the UCLA John E. Anderson Graduate School of Management Board of Visitors and a recipient of the Albert Schweitzer Leadership Award.

Stuart Greenberg

Chairman & CEO, Baraban Securities Corp. Century City [phone] Age: 62 Resident of: Tarzana Native of: New York City Education: B.A., City University of New York, New York City (1954)

Greenberg is CEO of Baraban Securities; president of Immo Finance Corp.; president of M.A. Gillespie Investment Corp.; chairman of Baraban Capital Corp.; and a director of Hi-Shear Technology. He is a charter member of the International Association of Financial Planners, is listed in Who's Who International. Greenberg was formerly an allied member of New York Stock Exchange.

Richard Greenwood

CEO & President, Fidelity Federal Bank Glendale [phone] Age: 47 Resident of: Calabasas Native of: Fargo, N.C. Education: B.S. in business economics, University of Idaho, Moscow, Idaho (1972); M.B.A. in finance, American Graduate School of International Business, Glendale, Ariz. (1974)

Greenwood is CEO and president of Fidelity Federal Bank. Prior to the institution's successful restructuring and recapitalization on Aug. 4, 1994 by Citadel Holding Corp., Fidelity's former holding company until then, Mr. Greenwood held the positions of CEO and president of Citadel Holding Corp. and chairman, CEO and president of Fidelity Federal. He had assumed these positions in June 1992.

Lloyd Greif

President, Greif & Co. Downtown Los Angeles [phone] Age: 39 Resident of: Los Angeles Native of: Los Angeles Education: B.A. in economics, UCLA (1977); M.B.A., USC, Los Angeles (1979); J.D., Loyola Marymount University, Los Angeles (1984)

Greif is a dealmaker responsible for initiating, negotiating and raising financing for mergers & acquisitions, leveraged and management buyouts, public offerings and private placements of equity and debt securities, as well as performing business valuations and fairness opinions. He has arranged corporate finance and merger & acquisition transactions totaling nearly $4 billion in aggregate value for middle market and emerging growth companies. He has completed numerous crossborder transactions in Europe, Asia and Latin America. He is also chairman of G-2 Holdings, a Los Angeles-based merchant bank. Previously, he was vice chairman and head of investment banking for Sutro & Co.

Patrick Haden

General Partner, Riordan Lewis & Haden Downtown Los Angeles [phone] Age: 41 Resident of: San Marino Native of: Westbury Long Island, N.Y. Education: B.A., USC (1975); B.A., Oxford University (1978); J.D., Loyola Law School, Los Angeles (1982)

Haden's primary responsibilities involve seeking out superb management teams in which his firm can profitably invest. The investment goals are to help companies grow and maximize shareholder value. He has been general partner of the firm since 1987 and currently has investments in 13 companies with billion dollars in combined sales.

Rod Hagenbuch

Senior Resident Vice President, Merrill Lynch Pierce Fenner & Smith Downtown Los Angeles [phone] Age: 57 Resident of: Sherman Oaks Native of: Lansing, Mich. Education: B.S., Michigan State University, East Lansing, Mich. (1980)

Hagenbuch is manager of Merrill Lynch's Los Angeles Private Client Institutional and Futures Offices. He has held several prior positions with Merrill Lynch in different locations.

George Haligowski

Chairman, CEO & President, Imperial Thrift & Loan Association Glendale [phone] Age: 40 Resident of: Cardiff, Calif. Native of: Yokosuka, Japan Education: Received diploma from the Wharton School at the University of Pennsylvania (1992); attended Harvard Graduate School of Business, Cambridge, Mass.

Haligowski has both international finance and securities industry experience working both in Tokyo, Japan, and on Wall Street in New York City. He is the former president of National Development Co., a publicly traded merchant bank in New York. He is also president of Imperial Thrift & Loan's holding company and head of international shareholders relations for the company.

Edward Harshfield

CEO & President California Federal Bank Miracle Mile District of Los Angeles, [phone] Age: 57 Resident of: Marina del Rey Native of: New York City Education: B.A. in business administration and B.S. in accounting, Southeastern University, Washington, D.C. (1962)

As chief executive and president, Harshfield is responsible for the day-to-day operations of the bank. He has 33 years of financial services experience, including 22 years in banking. Prior to joining CalFed, he served as CEO and director of First City Texas National Bank from October 1992 to March 1993 at the request of the Federal Deposit Insurance Corp. Within a year, he had rebuilt that insolvent bank and negotiated a sale that resulted in a $60 million profit. From February 1991 to December 1992, he served as a director, and as the CEO and president of Federal Capital Bank, a private investment bank. During his two years there, he restructured and, through several acquisitions, doubled this bank's asset size. Prior to that, Harshfield served as CEO and president of Columbia Savings and Loan from March 1990 to January 1991. He was appointed CEO and president by federal regulators following their removal of that thrift's management team. He is credited with saving taxpayers some $800 million by selling about $8 billion in Columbia's assets and reducing the thrift's operating costs by 40 percent. Since 1988, he has been and currently is the principal, chairman CEO of EH Thrift Management Inc., a special purpose management company and general partner of U.S. Thrift Opportunity Partners L.P., a Merrill Lynch-sponsored limited partnership that invests in undercapitalized thrift institutions. He has previously held senior executive positions with Household International, Citicorp/Citibank and Pepsi Cola International.

Larry Hartwig

CEO & President, SC Bancorp Downey [phone] Age: 54 Resident of: Villa Park, Calif. Native of: Norfolk, Neb. Education: B.S. in business administration, University of Nebraska, Lincoln, Neb. (1963); M.A., corporate finance, University of Nebraska, Lincoln, Neb. (1966)

Hartwig provides leadership, direction, and manages the affairs of the bank in accordance with the law, corporate by-laws, and policies and procedures established by its board of directors. His goal is to optimize growth, profitability, and the value of shareholder equity while driving and maintaining safety and soundness. He successfully raised $16 million of new capital and re-engineered the company's operating subsidiary, Southern California Bank, to improve asset quality and return to profitability in 1994. This was accomplished through the use of well-developed executive management skills acquired over a 28-year career in domestic and international banking and finance.

James Hugar

Audit Partner, Deloitte & Touche Downtown Los Angeles [phone] Age: 48 Resident of: Pasadena Native of: Williamsport, Penn. Education: B.S., Pennsylvania State University, University Park, Penn. (1968); M.B.A., UCLA Graduate School of Management (1971)

Hugar specializes in matters concerning money managers, investment companies, partnerships and broker-dealers. He is coordinator of the Southern California Investment Cos. Industry Group and Broker-dealer Practice.

John Paul Isaacson

Executive Vice President, Payden & Rygel Downtown Los Angeles [phone] Age: 47 Resident of: Brentwood Native of: Rio de Janeiro, Brazil Education: S.B., Massachusettes Institute of Technology, Cambridge, Mass.; M.A., Yale University, New Haven, Conn. (1973)

Isaacson is chief investment officer and cochairman of the firm's Investment Policy Committee. He worked at Chase Manhattan Bank in New York City for 14 years before moving to L.A.

G. Bradford Jones

General Partner, Brentwood Associates West Los Angeles [phone] Age: 39 Resident of: Manhattan Beach Native of: Cleveland Education: B.A. in chemistry and M.A. in physics, Harvard University, Cambridge, Mass. (1977); M.B.A., Stanford Graduate School of Business (1981); J.D., Stanford Law School (1981)

Jones, as a venture capitalist, seeks attractive investment opportunities, structures financings, and helps advise companies - often as an outside director on the companies' boards of directors. His actions are taken on behalf of numerous institutional limited partners. He joined Brentwood Associatesin 1981 and has assisted several companies with early financing and strategy.

Masato Kaneko

Chairman, CEO & President, Manufacturers Bank Downtown Los Angeles [phone] Age: 53 Resident of: San Marino Native of. Japan Education: Keio University (1963)

Kaneko has spent his entire career with Sakura Bank Ltd., the parent company of Manufacturers Bank.

Ronald Keeler 

President, Lockheed Federal Credit Union Burbank [phone] Age: 56 Resident of: Tarzana Native of: Great Bend, Kan. Education: B.S. in business, University of Kansas (1960); J.D., UCLA (1963)

Keeler has been president of the credit union since 1982. He is a former attorney and past president of National Association of Federal Credit Unions.

Frank Kline Jr

Principal, Kline Hawkes & Co. Downtown Los Angeles [phone] Age: 43 Resident of Pacific Palisades Native of: Mahanoy City, Penn. Education: B. S., Rider College, Lawrenceville, N.J. (1972); M.S.B.A., University of Massachusetts, Amherst, Mass. (1974)

Kline co-founded one of the first venture capital firins in Japan, Pacific Technology Venture Fund. Kline Hawkes & Co. is both a merchant bank and a venture capital pool.

Stephen Koffler

Managing Director, Smith Barney Inc. Downtown Los Angeles [phone] Age: 51 Resident of: Pacific Palisades Native of: Providence, R.I. Education: B.A. in metallurgical engineering, Rensselaer Polytechnic Institute, Troy, N.Y. (1964); M.B.A., Rensselaer Polytechnic Institute, Troy, N.Y. (1967); Phd. materials science, Rensselaer Polytechnic Institute, Troy, N.Y. (1968)

Koffler is managing director and head of Los Angeles Investment Banking Division of Smith Barney Inc. He has 22 years in the Los Angeles community, providing investment banking services to corporations and financial sponsors in the Western U.S.

Leopold Kopins

Chairman & CEO, The Pacific Stock Exchange Downtown Los Angeles [phone] Resident of: San Francisco Native of: Boston Education: B.S., Wharton School of Finance at the University of Pennsylvania (1954)

Korins is CEO of the third-largest options exchange in the U.S., as well as the third-largest equity exchange (in terms of transactions). He is responsible for the development of staff, technology rules and regulations for a self-regulatory institution as developed by the securities acts and directed by the Securities and Exchange Commission. He is also responsible for finding and developing companies and products to list for trading on the exchange. Previously, he was a member of the New York Stock Exchange, a member of the board of directors of the PHLX, a member of the disciplinary panel of the AMEX and managing director of Merrill Lynch Capital Markets.

Joel Kovner

Chairman & CEO, First Professional Bank Santa Monica [phone] Age: 53 Resident of: Malibu Native of: New York City Education: B.A., Cornell University, Ithaca, N.Y. (1963); M.P.H., UCLA (1964); Ph.D. in medical economics, UCLA (1968)

Kovner is in charge of the overall management of the bank, which has $325 million in assets. He has conceptualized, implemented and capitalized the bank and has focused on the medical care industry based on academic training and as vice president at Kaiser Permanente.

Robert Kummer Jr.

Chairman & CEO, 1st Business Bank Downtown Los Angeles [phone] Age: 58 Resident of: Glendale Native of: Pittsburgh Education: B.A. in economics, Oberlin College, Oberlin, Ohio (1959); attended University of California at Berkeley (1960)

Kummer co-founded 1st Business Bank and is chairman and chief executive officer. He is also director of the California Bankers Association.

J. Christopher Lewis

General Partner, Riordan Lewis & Haden Downtown Los Angeles [phone] Age: 38 Resident of: Los Angeles Native of: Los Angeles Education: B.S. in finance, USC (1978); M.B.A., USC (1981)

Lewis is heavily involved in managing funds and working with portfolio companies to identify and supply the best management possible for companies and to provide financial assistance to those companies. He invests in a variety of successful companies, selectively chooses new companies to invest in and finances many successful high-growth companies.

O. Kit Lokey

President, Houlihan Lokey Howard & Zukin Century City [phone] Age: 52 Resident of: Encino Native of: Los Angeles Education: B.S. in engineering, UCLA (1964); M.B.A., operations management, UCLA (1967)

Lokey oversees the firm's national specialty investment banking practice. He directs the firm's diverse services and regional offices in seven cities. Since joining the firm in 1972, Lokey has directed its growth and strategic development. Over the years, he has expanded the firm's reach and its services from a business and securiiies valuation advisor.

Tad Lowrey

CEO & President, CenFed Bank Pasadena [phone] Age: 41 Resident of: La Verne Native of: Russellville, Ark. Education: B.S. in accounting, Arkansas Tech University, Russellville, Ark. (1975)

Lowrey is the head of CENFED Financial Corp. and CenFed Bank He also serves as chief financial officer of both companies. He joined CenFed Bank in 1988 as senior vice president and chief financial officer and was appointed CEO, president and director in 1990. He was appointed CEO and president of CENFED Financial Corp. upon its formation in 1991. Lowrey led CENFED's initial public offering in 1991. Prior to joining CenFed Bank, he was employed in the thrift industry as executive vice president and chief financial officer of two Arkansas-based institutions since 1983. Before that he had served a variety of client firms as a manager and partner with Deloitte & Touche and its predecessor accounting firms since 1975, where he was designated as an industry specialist for savings and loan institutions.

Ray Martin

Chairman & CEO, Coast Federal Bank Downtown Los Angeles [phone] Age: 59 Resident of: Palos Verdes Native of: Nogales, Ariz. Education: Advanced Management Program at Antelope Valley Junior College, Harbor College and Harvard University, Cambridge, Mass.

Martin is director, chairman and CEO of Coast Federal Bank. He has been affiliated with Coast since 1959, was elected president in 1980 and named chairman in 1987. He is past chairman of the California League of Savings Institutions and has held office with the United States League of Savings Institutions. He is currently director of Federal Home Loan Bank, San Francisco.

Gary Mattingly

General Manager, City of Los Angeles Department of Pensions Downtown Los Angeles [phone] Age: 50 Resident of Manhattan Beach Native of: Louisville, Ky. Education: B.S. in finance, California State University, Los Angeles (1967)

Mattingly is in charge of managing a $6 billion pension fund with investments in international stocks, options, high-yield bonds and real estate. He introduced the concept of modern portfolio theory to the city pension fund and increased its assets from $800 million to $1 billion.

Gene Miller

General Partner, Peregrine Ventures Santa Monica [phone] Age: 53 Resident of: Santa Monica Native of: New York City Education: B.S., New York University, New York City (1963); J.D., New York University, New York City (1966); M.B.A., Harvard University, Cambridge, Mass. (1969)

Miller is the managing general partner and founder of Peregrine Ventures, the 14th-largest such group in L.A. County, as indicated by The List published in Los Angeles Business Journal. He is a former officer of Security Pacific National Bank's Venture Capital Group, and managed Xerox Venture Capital activities.

M. Christian Mitchell

Audit Partner & Group Leader - Financial Services Group, Deloitte & Touche Downtown Los Angeles [phone] Age: 39 Resident of: San Marino Native of: Tuscaloosa, Ala. Education: B.S. in accounting, University of Alabama, Tuscaloosa, Ala. (1977)

Mitchell is the group leader of the Financial Services Group, specializing in regulatory and capital market consulting, mergers acquisitions; and restructuring for financial services, and regulated entities. His accomplishments in the industry include a two-year term as a Professional Accounting Fellow with the Federal Home Loan Bank Board and Federal Home Loan Bank System; Associate Managing Director and National Audit Partner of the firm's National Bank and Thrift Practice.

Kenneth Moelis

Managing Director, Donaldson Lujkin & Jenrette Century City [phone] Age: 36 Resident of: Beverly Hills Native of: New York Education: B.A., University of Pennsylvania (1981); M.B.A., Wharton School at the University of Pennsylvania (1981)

Moelis is co-head of Donaldson Lufkin Jenrette's L.A. Investment Banking and High Yield Corporate Finance practice. Some of his accomplishments in the industry include the sale of Southland Corp. to Ito Yokado, restructuring the Trump Taj Mahal resort hotel casino and arranging construction financing for the Mirage and MGM Grand resort hotel casinos.

James Montgomery

Chairman & CEO, Great Western Financial Corp. Chatsworth [phone] Age: 59 Resident of: Bel Air Native of: Topeka, Kan. Education: B.A. in accounting, UCLA (1956)

Montgomery is chairman of the nation's second-largest thrift. His experience in the financial services industry spans nearly 40 years. He began his business career in 1957 with the accounting firm of Price Waterhouse and Co. in L.A. In 1960, he joined Great Western as assistant to the president before leaving the company in 1964 to serve as director and president of United Financial Corp. and its subsidiary Citizens Savings and Loan Association. He rejoined Great Western in 1975 as president and was elected chief executive in 1979 and chairman of the board of directors in 1981. Montgomery is a director of the Federal Home Loan Bank in San Francisco and a director of Federal Home Loan Mortgage Corp., known as Freddie Mac, one of the nation's largest purchasers of home mortgages in the secondary market. He was recently elected vice chairman of Savings and Community Bankers of America and is scheduled to take office in early 1995.

William Mortensen

Chairman & CEO, First Federal Bank of California Santa Monica [phone] Age: 62 Resident of: Pacific Palisades Native of: Philadelphia Education: B.S., USC (1954); Executive Management, UCLA (1969)

Mortensen is chairman and CEO of First Federal Bank of California.

Dominic Ng

CEO & President, East West Federal Bank San Marino [phone] Age: 35 Resident of: South Pasadena Native of: Hong Kong Education: B.B.A., University of Houston (1980)

As CEO & president, Ng is responsible for overseeing the $1 billion (assets) financial insfitution. Prior to joining East West, he was president of Seyen Investment Inc., an investment company charged with handling the U.S. investment activities of an Indonesian-based conglomerate. Before that, he was the director in charge of Chinese Business Services for the international accounting firm of Deloitte & Touche, specializing in financial institutions. He is also president of the National Association of Chinese American Bankers, past chairman of the advisory board of the Asian Pacific Family Center and a director of the American League of Financial Institutions, Red Cross, Pacific Clinics and the Asian Advisory Council of Loyola Marymount University.

Oscar Peters

General Manager, Los Angeles City Employees' Refirement System Downtown Los Angeles [phone] Age: 46 Resident of: Arleta Native of: Merrill, Wis. Education: B.S. in business administration, California State University at Northridge (1974); B.A. in English literature, California State University at Northridge (1978); Certified Employee Benefits Specialist, Wharton School at the University of Pennsylvania (1981)

Peters is responsible for implementation of the fund's investment policy and administration of benefits.

Thomas Peterson

General Partner, El Dorado Ventures Pasadena [phone] Age: 38 Resident of: Sunland Native of: Des Moines, Iowa Education: B.S. in electrical engineering, Iowa State University, Ames, Iowa (1978); M.B.A., UCLA Graduate School of Management (1985)

Peterson is responsible for performing a full range of investment activities for early-stage venture capital partnerships, including identifying, evaluating, structuring, negotiating and monitoring equity investments.

Judy Resnick

Chairman & CEO, Dabney/Resnick Inc. Beverly Hills [phone] Age: 52 Resident of: Beverly Hills Native of: Trenton, NJ. Education: no degree earned

Resnick is responsible for overall policy, management and administration of the firm. She is cofounder and CEO of Dabney/Resnick, which has grown in five years to approximately 100 employees and earned a national reputation as a boutique investment banking and brokerage firm.

Marsha Richter

CEO, L.A. County Employees Retirement Association Pasadena [phone] Age: 45 Resident of: Eagle Rock Native of: Los Angeles Education: B.A. in political science, Indiana University, Bloomington, Ind. (1970); attended UCLA, no degree earned

Richter is responsible for administering a comprehensive program of retirement, disability, survivor and health benefits for 120,000 active and retired county employees. She is also responsible for overseeing the management of a $14 billion investment portfolio.

Brent Rider

General Partner, El Dorado Ventures Pasadena [phone] Age: 51 Resident of: La Canada I Native of: Washington, D.C. Education: B.S. in industrial management, Purdue University, West Lafayette, Ind. 1966); M.B.A., Harvard University, Cambridge, Mass. (1966)

Rider has 26 years experience in venture capital activities, providing equity capital for hundreds of small, fast-growing, early-stage companies.

Charles Rinehart

Chairman & CEO, Home Savings of America Irwindale [phone] Age: 47 Resident of: Santa Ana Native of: San Francisco Education: B.S. in mathematics, University of San Francisco (1968); Eamed fellowship in actuarial society in 1971

Rinehart, who joined Home Savings in 1989, is chairman and CEO of that $51 billion (assets) enterprise, which is the nation's largest savings institution. He is also CEO and president of H.F. Ahmanson & Co., the parent company of Home Savings. Rinehart began his career with Fireman's Fund Insurance Co. in 1969, where he worked in various actuarial and underwriting positions before being appointed executive vice president in charge of field operations, sales and distribution systems in 1982. In 1983, he joined Avco Financial Services, a multinational company with operations in consumer finance, lifeinsurance and property casualty insurance. He was originally hired on as president of Avco and was appointed it chief executive in 1985. He is currently a member of the Casualty Actuarial Society and the California Business Roundtable. He is also a fellow of the American Academy of Actuaries. In addition, he is on the board of trustees of the University of San Francisco.

Larry Rinehart

CEO & President, Pomona First Federal Savings & Loan Association Pomona [phone] Age: 46 Resident of: Rancho Cucamonga Native of: Cleveland Education: B.A. in education, University of La Verne (1973)

Rinehart began working for Pomona First Federal in 1977 and was elected CEO & president in 1992. Prior to joining Pomona First Federal, he worked for Great Westem Savings Loan.

Fredric Roberts

Investment Banker, F.M. Roberts & Co. Inc. West Los Angeles [phone] Age: 52 Resident of: Los Angeles Native of: Great Neck, N.Y. Education: B.A. in economics, Yale University, New Haven, Conn. (1965)

Roberts is responsible for advising public and private companies, their boards of directors and management teams. In addition, he is responsible for implementing transactions, in the following areas: public offerings, private placements, mergers & acquisitions, restructurings, workouts and financial strategic planning. He is currently a member of the NASDAQ board of directors, chairman of the Corporate Financing and Strategic Planning Committee, and a member of the National Nominating and Marketing Committees. He recently advised on the sale of the Nichols Institute to Coming Inc., on the initial public offering of New West Eyeworks, and on the sale of Delta Sugar to Spreckels Inc. He also advised Crown Life Insurance Co. in the sale of Private Ledger Financial Services, and Sunkist Growers Inc. on the creation and financing of Sunkist Citrus Partners. He is past chairman of the board of governors for the National Association of Securities Dealers and past chairman of National Business Conduct Committee.

W. Michael Rosenberg

Managing Director, Barrington Associates West Los Angeles [phone] Resident of: Manhattan Beach Native of: San Francisco Education: B.A. in economics, UCLA (1982); M.B.A., Harvard University, Cambridge, Mass. (1986)

As president and chief operating officer, Rosenberg is involved in all aspects of the firm's business, including general management, marketing, business development and supervision of transaction processing. He also serves in a direct financial advisory capacity to many of the firm's clients. Along with Jim Freedman, he built Barrington Associates from a two-person shop to one of Southern California's leading investment banking operations. He was a financial advisor on more than 25 major Southern California transactions, including Crown Sports Investors purchase of the L.A. Kings hockey team, the sale of Applause Inc. and the financing of Malibu Comics Entertainment Inc. He was an officer of Foothill Group Inc. at the age of 23.

Donald Schwegman

Audit Partner, Deloitte & Touche Downtown Los Angeles [phone] Age: 43 Resident of: Rancho Palos Verdes Native of: Batesville, ind. Education: B.S. in business administration, Xavier University, Cincinnati (1973)

Schwegman assists clients in evaluating potential prospects for mergers & acquisitions. conducts reviews of prospects, negotiates terms of sales of businesses, and conducts special reviews of clients' loss-reserving methods and procedures. Formerly, he was a national audit partner of insurance Services.

Don Shagrin

President - California Group, Smith Barney Sherman Oaks [phone] Age: 58 Resident of: Brentwood Native of: Cleveland Education: B.A., Dartmouth College, Hanover, N.H. (1958); M.B.A., Amos Tuck School of Business, Dartmouth College, Hanover, N.H. (1959)

Shagrin is responsible for five divisions encompassing the states of California and Hawaii. Within those divisions are 65 offices, operating with all the support for sales, training, administration and legal services.

R. Michael Shanahan

Chairman, Capital Research and Management Co. Downtown Los Angeles [phone] Age: 55 Resident of: San Marino Native of: Huntington Park, Calif. Education: A.B., Stanford University, Palo Alto, Calif. (1960); M.B.A., Stanford University Graduate School of Business, Palo Alto, Calif. (1965)

Shanahan is the company's principal executive officer and portfolio manager. He participated in the growth of the company's asset base under management from less than $1 billion to its present size of more than $100 billion.

Stephen Shugerman

President, Southern Pacific Thrift & Loan Association West Los Angeles [phone] Age: 47 Resident of: Topanga Native of: Pittsburgh Education: B.S. in business administration, University of Akron, Akron, Ohio (1970)

Shugerman has been president of the thrift since 1987 and a director of Imperial Credit Industries since 1991. He was president of ATI Thrift and Loan and a senior vice president of Imperial Thiift and Loan from 1979 to 1985. He is also a member of the board of directors of Southern Pacific Thrift.

William Siart

President, First Interstate Bancorp Downtown Los Angeles [phone] Age: 47 Resident of: Los Angeles Native of: Los Angeles Education: B.A. in economics, Santa Clara University (1968): M.B.A. in finance, University of California at Berkeley (1969)

Siart is currently president of First Interstate Bancorp, the country's 14th-largest bank. That institution has $53.5 billion in assets. Siart has 25 years of banking experience, including assignments in corporate finance, marketing and chief executive positions for First Interstate's banks in Nevada and California.

Takao Soeda

President, Tokai Bank of California Downtown Los Angeles [phone] Age: 48 Resident of: San Marino Native of: Tokyo, Japan Education: B.A. in economics, Tokyo University, Tokyo, Japan (1969); M.B.A., Northwestern University, Evanston, Ill. (1973)

Soeda has had an extensive career with The Tokai Bank Ltd., with lengthy assignments in London, England and Sydney, Austraria over the last 20 years. He served as joint general manager of the Tokai Bank Ltd.'s international headquarters in Tokyo before joining Tokai Bank of California in 1993.

Donald Stanners

Managing Director, GE Capital Century City [phone] Age: 37 Resident of: San Francisco Native of: Old Saybrook, Conn. Education: B.A. in economics, Duke University, Duham, N.C. (1979)

Stanners is managing director and regional manager responsible for new business development, underwriting and portfolio management activities in the 16 Western states region. He joined GE Capital in 1993. Previously, he was a division credit administrator for Bank of America. He joined Bank of America through its merger with Security Pacific National Bank, where he served in a similar capacity. During his career at Security Pacific, he organized and managed the successful merchant banking leveraged finance and syndication activities in the Western U.S. and had experience in various industries.

Thomas STEVENS

Chief Investment Officer, Wilshire Asset Management Santa Monica [phone] Age: 45 Resident of: Westlake Village Native of: Tracy, Calif. Education: B.A., University of Wisconsin, Madison, Wis. (1971); B.S., University of Wisconsin, Madison, Wis. (1975); M.B.A., University of Wisconsin, Madison, Wis. (1976)

Stevens oversees operations of Wilshire Asset Management, having built that money management operation from a small base into one with $9 billion under management.

Joel Swanson

CEO & President, National Mutual Funds Management Century City [phone] Age: 47 Resident of: Westlake Village Native of: Pecos, Texas Education: B.S. in electrical engineering, University of Nebraska (1969); M.B.A., Harvard University, Cambridge, Mass. (1973)

Swanson is responsible for managing the North American office of National Mutual Funds Management, a worldwide investment organization with assets under management of more than $18 billion.

Michael Tennenbaum

Senior Managing Director, Bear Stearns & Co. Century City [phone] Age: 58 Resident of: Malibu Native of: Florida Education: B.S., Georgia Institute of Technology; M.B.A., Harvard University Graduate School of Business, Cambridge, Mass.

Tennenbaum specializes in investment banking projects. His experience at Bear Stearns includes managing the firm's risk arbitrage department and its investment research department, in addition to organizing and managing the finn's options department, and organizing its investment management department. He has spent the past five years as vice chairman of the firm's investment banking division. His present activities emphasize complex financing and recapitalization projects.

Richard Thomas

Audit Partner, Deloitte & Touche Downtown Los Angeles [phone] Age: 45 Resident of: Pasadena Native of: Burlington, Iowa Education: B.S., Western Illinois University, Macomb, Ill. (1975)

Thomas specializes in serving all aspects of the banking industry, including large depository institutions and community banks. He serves as an instructor at banking seminars held by Deloitte & Touche and for California Bankers Association, the Independent Bankers of Southern California and the Independent Bankers Association of America.

Donald Thornburg

CEO & President, Mercantile National Bank Century City [phone] Age: 57 Resident of: Los Angeles Native of: Turlock, Calif. Education: B.A., Stanford University, Palo Alto, Calif. (1960); M.B.A., USC (1967)

Thornburg is president and CEO of Mercantile National Bank. Prior to joining Mercantile, he spent 19 years at First Interstate Bank of California, eight years at Sears Bank Trust Co. in Chicago and three years at Old Kent in Chicago.

Dennis Tito

President, Wikhire Associates Inc. Santa Monica [phone] Age: 54 Resident of: Pacific Palisades Native of: New York City Education: B.S. in aerospace engineering, New York University, New York City (1962); M.S. in engineering science, Renssalaer Polytechnic Institute, Troy, N.Y. (1964)

Tito is a co-founder and majority shareholder of Wilshire Associates, a major institutional investment management and consulting firm. He has been a leader in introducing investment technology to investment managers and pension plan sponsors. He developed first asset-liability planning model for pension funds, created the Wilshire 5000 Equity Index, and developed the first practical approaches to portfolio optimization and risk analysis.

Stephen Trafton

CEO & President, Glendale Federal Bank Glendale [phone] Resident of: La Canada Native of: Mt. Vernon, Wash. Education: B.S. in zoology, Washington State University (1968)

Trafton began his career in the financial services industry when he decided to take a summer job as a safe deposit clerk at Seattle First National Bank in 1968. By fall, he was working in the bank's investment department as a money market trader. Since his 10-year tour of duty at Seattle First, he has spent most of his career at investment firms, as an independent consultant or as a bank employee working to restructure banks and troubled savings loans. Prior to joining Glendale Federal in 1990, he was senior vice president and treasurer at Goldome Bank of New York. He completed a $639 million recapitalization and restructuring of Glendale Federal in 1993, saving the thrift from federal government seizure.

Stanley Trilling 

Senior Vice President, Paine Webber Inc. Downtown Los Angeles [phone] Age: 55 Resident of: Santa Monica Native of: New York City Education: B.S. in business administration, University of California at Berkeley (1961)

Trilling's responsibilities include security analysis and money management. He taught at UCLA Graduate School of Business and on the board of overseers at the Wharton School of Business Fellows Fund.

Daniel Villanueva

Chairman, Bastion Capital Century City [phone] Age: 55 Resident of: Somis, Calif. Native of: Calexico Education: B.A., New Mexico State University (1960)

Villanueva is co-founder of the first 100-percent Latino investment fund. He is also the founding chairman of the first Latino-owned federal savings & loan institution - Camino Real Federal Savings & Loan of San Fernando.

Salvador Villar

CEO & President California Commerce Bank Downtown Los Angeles [phone] Age: 44 Resident of. Bel Air Native of: Mexico City Education: B.A. in electro-mechanical engineering, Universidad Iberoamericana, Mexico City (1974); M.B.A., Harvard University Graduate School of Business, Cambridge, Mass. (1977)

Villar is the CEO and president of California Commerce Bank.

Edward Wedbush

President, Wedbush Morgan Securities Downtown Los Angeles [phone] Age: 61 Resident of: Rancho Santa Fe Native of: St. Louis Education: B.S. in mechanical engineering, University of Cincinnati (1955); M.B.A., UCLA (1957)

Wedbush managed the growth of Wedbush Morgan Securities from its start in 1957 to its current position as a prominent Southern California, broad-based securities firm serving retail, institutional, corporate and other securities firms. He is currently a member of the Executive Committee to the President and member of the Board of Trustees of the University of Cincinnati.

Thomas Weinbergler

Executive Vice President Satro & Co. West Los Angeles [phone] Age: 50 Resident of: Los Angeles Native of: Cleveland Education: B.B.A., Cast Western Reserve University, Cleveland (1966); M.B.A., New York University Graduate School of Business, New York City (1968)

Weinberger is the director of corporate finance, member of the management committee, member of the daily operating committee, and commitment committee.

John Westwater

Senior Vice President, U.S. Trust Co. of California Downtown Los Angeles [phone] Age: 52 Resident of: Hancock Park Native of: Los Angeles Education: A.B. in economics, Dartmouth College, Hanover, N.H. (1963); J.D., USC (1966)

Westwater is head of the personal trust and estates department, responsible for running the department and marketing the trust and estate services to high net-worth individuals. He doubled the department and tripled its revenue in two years, extended the reputation of U.S. Trust in the estate planning community and brought in a $400 million trust. He was involved in the private practice of law in L.A. for 18 years and also spent seven years at two international executive search firms.

Bruce Willison

Chairman, CEO & President, First Interstate Bank of California Downtown Los Angeles [phone] Age: 45 Resident of: Pasadena Native of: Riverside Education: B.A., UCLA (1970); M.B.A., USC, (1973)

Willison has been chairman, chief executive and president of First Interstate Bank of California, the largest bank in the First Interstate System, since 1991. Prior to that, he had served as chairman and CEO of First Interstate Bank of Oregon since 1986. Prior to moving to Oregon, he was the first CEO and president of First Interstate Bank Ltd., which provided customers with corporate, international and capital market services. He initially joined First Interstate in 1979 as a strategic planner. He subsequently served in various executive management positions. He began his banking career in 1973 with Bank of America, where he held several corporate and international lending positions in L.A. and Mexico City.

Gary Winnick

Chairman & CEO, Pacific Capital Group Inc. Beverly Hills [phone] Age: 46 Resident of: Los Angeles Native of: Roslyn, N.Y. Education: B.A. in economics and business management, C.W. Post College, Brookville, N.Y. (1969)

Winnick is a financier and merchant banker who has advised many leading business executives. He works closely with company managements as a principal investor, as well as in security equity and debt capital for companies in a variety of industries. In addition, he provides strategic financial counsel in restructurings and arranges leveraged transactions. Key strategic partners are included in many of the company's investments. As a large sharcholder and director of Guber-Peters Entertainment, Mr. Winnick helped initiate and negotiate Guber-Peters' acquisition by Sony Corp. for more than $250 million. He is one of the largest shareholders of OrNda Healthcorp, which he has helped grow into the fifth-largest for-profit hospital company in the U.S., with more than $1.5 billion in annual revenue. An early investor in Lady Luck Gaming Corp., Winnick has helped turn the company into a major new gaming institution that had more than $400 million in market value at the time of its initial public offering.

Li-Pei Wu

Chairman, CEO & President, General Bank Downtown Los Angeles [phone] Age: 60 Resident of: Glendale Native of: Changhwa, Taiwan Education: B.A. in economics, National Taiwanese University, Taipei, Taiwan (1957); M.S. in business administration, Forst Hays State University, Hays, Kan. (1969)

Wu is in charge of overseeing the operation of GBC Bancorp and its subsidiaries, including General Bank. He has turned around General Bank from its net annual loss of $4 million in 1982 to profitability in 1983. Under his management, the bank's total assets have grown from $99 million in 1983 to more than $1 billion in 1994.

Toyohiko Yamashita

General Manager & Agent, Dai-Ichi Kangyo Bank of California Downtown Los Angeles [phone] Age: 52 Resident of: Pacific Palisades Native of Sapporo-city, Hokkaido, Japan Education: Bachelor of Laws, Tokyo University, Tokyo, Japan (1966); M.S. in management, Sloan School of Management at the Massachusetts Institute of Technology, Cambridge, Mass. (1983)

Yamashita has been holding positions for two affiliated companies. He is general manager and agent of the Dai-Ichi Kangyo Bank Ltd., Los Angeles Agency, as well as chairman, CEO and president of Dai-Ichi Kangyo Bank of California, which is a wholly owned subsidiary of the Dai-Ichi Kangyo Bank Ltd., Tokyo, Japan.

James Zukin

Senior Managing Director, Houlihan Lokey Howard & Zukin Century City [phone] Age: 46 Resident of. Santa Monica Native of: Los Angeles Education: B.A. in economics, University of California at Berkeley (1970); M.B.A. in finance, Harvard University Graduate School of Business, Cambridge, Mass. (1972)

Zukin is a member of the company's board of directors and is responsible for overall product development, project management and structuring transactions. As senior partner in the ESOP Capital Partners Fund, Zukin directs the firm's ESOP financing activities from this $200 million capital source. He is editor-in-chief of Financial Valuation: Businesses and Business Interests, a textbook published in 1990 by Maxwell Macmillan/Rosenfeld Launder. He recently served as senior advisor on the United Airlines ESOP in the employee majority buyout. He is a frequent speaker at business conferences and symposia on such topics as ESOPs, shareholder liquidity, estate planning, financing and business ethics, among others.

RELATED ARTICLE: RAPIDLY CHANGING BUSINESS ENVIRONMENT CHALLENGES FINANCIAL SERVICES COMPANIES

There is no economic area that is undergoing more fundamental change than the financial services sector," said M. Christian Mitchell, Partner in Charge of Deloitte & Touche's Los Angeles Financial Services Group. "Just pick up the newspaper and see the types of challenges being faced by the banking, insurance, investment banking and brokerage sectors, all of whom are served by our Group."

BANKING AND THE CRA 

In addition to the difficult Southern California real estate market and overall economy, banks are facing the additional challenge of meeting the very detailed internal control and compliance requirements resulting from the passage of the Federal Deposit Insurance Corporation Act as well as the Fairness Requirements of the Community Reinvestment Act (CRA). "The CRA requires depository institutions to help meet the needs of minorities and the poor in the communities they serve," noted Richard Thomas, partner in Deloitte & Touche banking practice. "Until recently, CRA compliance was measured by a bank's efforts to reach out. Now, compliance is being measured by results, which is a particular problem for ethnic and minority banks. That is why we are participating in a minority bank/CRA issues conference with the National Association of Chinese American Bankers on September 29th."

DERIVATIVES

Derivatives have become a pervasive and controversial force in the financial risk management of virtually all business. Negative publicity about derivatives has been rampant in recent months. Financial risk management products that are effective when properly controlled, now have the stigma of dread, deceit and disaster. "In most cases, there is nothing sinister about the way derivatives are utilized," noted Angelia M. Doerner, partner and designated financial instruments specialist at Deloitte & Touche. "Unfortunately, in many instances, companies don't have the expertise or the policies and procedures to properly manage and control the complexities of today's products." Doerner noted that Deloitte & Touche is working with the National Association of Corporate Directors in presenting a series of workshops for their members. "It's critical that directors and senior management be involved in establishing comprehensive policies and procedures to monitor derivative activity," she said.

INVESTOR PROTECTION

With low rates on interest bearing accounts, the last few year have seen a dramatic influx of money into the stock and bon markets, much of it through mutual funds. This infusion o capital has raised concerns about investors being adequately informed and protected. "A number of regulatory agencies including the SEC, have done studies of the industry and found few major problems with the design of the system," emphasized James H. Hugar, a Deloitte & Touche partner who specializes in broker/dealers and investment companies. "There are however, several areas outlined in the SEC's Market 2000' study that require industry response, including increasing market disclosure information, fair market competition and open market access. We help our clients stay on top of these and other issues," Hugar said.

INSURANCE UNDER SIEGE

No segment of the financial services industry is facing a greater set of challenges than the insurance business. While it attempts to redefine its role in the debate over healthcare, the industry is simultaneously dealing with major losses from floods, hurricanes and earthquakes. "California is a particularly challenging environment," said Donald W. Schwegman, partner in the insurance practice. "Many insurers are facing significant changes in their underwriting and investment strategies resulting from economic and regulatory constraints. You need only look at the agenda of our insurance executives symposium held last week to get the idea," he said. The symposium agenda included discussions on capital deployment, derivatives, the regulatory environment and, of course, healthcare reform.

CAPITAL MARKETS

Over the past several years, Deloitte & Touche's Financial Services Group has been deeply involved in the process by which new capital is channeled into the financial marketplace. "We're active participants in optimizing a financial institution's return through a variety of capital market initiatives-bulk sales of loans and other assets, structuring securitized debt and equity offerings and forming Real Estate Investment Trusts (REITS)," Mitchell noted. "Our capability in this important arena is enhanced by the diversity of expertise and support we can call upon from our Realty Consulting, Valuation and Real Estate Services practices. We believe the demand for these services will only increase in the future."