JIM CLAIRE

- As a member of the executive management of the FDIC, Jim provides analysis and insight into complex capital markets activities to help form policy decisions related to bank supervision and the evaluation of risks to the deposit insurance fund. Jim also reviews emerging financial exposures and vulnerabilities in the financial services industry, especially those arising from capital markets activities and the application of new, complex or critical accounting policies to help avoid systemic risk issues.

Some examples to which the responsibilities above apply are CDS, counterparty risk, incentive compensation, regulatory capital calculations, implementation of the Basel Accord, repos and other bank liquidity issues.

- As a Senior Leader for several portfolio management teams of bond market professionals, Jim was in charge of the portfolio management & trading of more than $220 billion in assets under management for a variety of portfolios, including insurance companies, pension plans (ERISA) and institutional 2a-7 money market mutual funds. Unified a diverse range of portfolios and managers under a well defined investment process & philosophy to leverage a centralized research and trading platform.

- Played key role in managing through the recent liquidity crisis caused by sub-prime asset depreciation.

- Developed and implemented Business Continuity Plan as well as comprehensive Policies & Procedures manual.

- Maintain strong relationships with Wall Street Sales & Trading Managers/syndicate heads to garner Columbia Management as a “focus account” with the bulge-bracket Wall Street dealers.

- Committee member of:
Columbia Management’s Trading Committee & Best Execution sub-committee (voting member)
Columbia Management’s Securities Valuation Committee (voting member)
Cash Investment’s Credit Committee & Cash Investment’s Strategy Committee
Member of the Short Duration Strategy Team