2019 Investment Banking Compensation

the WEATHERLY group

2019 Investment banking compensation

May 15th, 2020

The Weatherly Group Scott H. Dinhofer /Company/ @WeatherlyGroup /WeatherlyGroup www.twgco.com President The-Weatherly-Group [email protected] 212-278-8448 x222 the WEATHERLY group Page 1

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The Weatherly Group Scott H. Dinhofer /Company/ @WeatherlyGroup /WeatherlyGroup www.twgco.com President The-Weatherly-Group [email protected] 212-278-8448 x222 the WEATHERLY group Page 2

2019 Compensation Trends - Notes on data

• All data collected from the Weatherly Group’s annual proprietary compensation survey. • The bar charts on pp. 3 -4 represent median figures across all banks surveyed by level. • The bank-by-bank figures on the following pages represent median figures for all participants at that bank, at that particular level, regardless of their ranking (i.e. Tier 1 vs Tier 5). • While the bank-by-bank figures include all relevant data that the Weatherly Group collected in our survey, there are not necessarily medians of the same number of participants in each year. • Additionally, the by-bank, by-level figures mix respondents who were ranked at all tiers, in order to provide for a sufficient amount of anonymity. As a result, some of the year-over-year growth figures by bank, by level appear either disproportionately large or small. • In addition to participant information, we have also included more in-depth information on a number of firms where we have access to broader data via our long term industry relationships.

The Weatherly Group Scott H. Dinhofer /Company/ @WeatherlyGroup /WeatherlyGroup www.twgco.com President The-Weatherly-Group [email protected] 212-278-8448 x222 the WEATHERLY group Page 3

Compensation Trends - A historical perspective

Total Compensation, Median ($ in 000’s)

A1 (Stub) A1 (FY) A2 A3 VP1 VP2 VP3 SVP & Dir $800 $673 $728 $675 $615 $625 $668 $650 $600 $600 $535 $590 $600 $588 $575 $550 $500 $535 $475 $539 $500 $445 $463 $470 $465 $469 $400 $385 $400 $390 $413 $410 $415 $326 $330 $324 $348 $350 $312 $278 $240 $255 $250 $255 $264 $200 $185 $135 $160 $160 $160 $165 $324 $660 $0 2014 2015 2016 2017 2018 2019

Bonus, Median ($ in 000’s)

A1 (Stub) A1 (FY) A2 A3 VP1 VP2 VP3 SVP & Dir $500 $444 $419 $395 $393 $398 $400 $375 $400 $365 $363 $300 $368 $355 $318 $350 $318 $300 $301 $300 $270 $253 $260 $223 $250 $230 $265 $210 $215 $220 $205 $190 $213 $200 $179 $170 $156 $155 $154 $178 $100 $113 $108 $105 $113 $130 $114 $35 $35 $35 $35 $35 $35 $0 2014 2015 2016 2017 2018 2019 $324

Source: All data is collected from the Weatherly Group’s annual survey. Information shown herein is strictly proprietary.

The Weatherly Group Scott H. Dinhofer /Company/ @WeatherlyGroup /WeatherlyGroup www.twgco.com President The-Weatherly-Group [email protected] 212-278-8448 x222 the WEATHERLY group Page 4

2019 Compensation Trends - Overview • Median 2019 was largely up year over year. • Median 2019 bonus was largely up depending on position.

Total Compensation, Median ($ in 000’s)

2018 2019 $728 $650 $668 $588 $600 $550 $500 $469 $410 $415 $348 $350 $278 $264 9% $165 $185 7% 8% 1% (6%) 12% (5%) 1%

A1 (Stub) A1 (FY) A2 A3 VP1 VP2 VP3 SVP & Dir

Bonus, Median ($ in 000’s)

2018 2019 $444 $400 $398 $350 $355 $318 $265 $253 $210 $215 $179 $178 12% $130 $114 10% 13% 2% (5%) $35 $35 (13%) 0% A1 (Stub) A1 (FY) A2(1%) A3 VP1 VP2 VP3 SVP & Dir

Source: All data is collected from the Weatherly Group’s annual survey. Information shown herein is strictly proprietary.

The Weatherly Group Scott H. Dinhofer /Company/ @WeatherlyGroup /WeatherlyGroup www.twgco.com President The-Weatherly-Group [email protected] 212-278-8448 x222 the WEATHERLY group Page 5

2019 Compensation Trends - Overview (Cont’d) • Median 2019 was largely up year over year. • Median 2019 bonus was largely up depending on position.

Base, Median ($ in 000s’)

2018 2019

$250 $250 $250 $250 $250 $250 $225 $200 $200 $225 $175 $175 $150 $150 $150 $125 0% 0% 0% 0% 0% 20% 0% 0%

A1 (Stub) A1 (FY) A2 A3 VP1 VP2 VP3 SVP & Dir

New Base, Median ($ in 000’s)

2018 2019

$275 $273 $260 $245 $250 $250 $250 $225 $225 $225 $200 $200 $175 $175 9% 6% $150 $150 0% 0% 0% 0% 0% (8%)

A1 (Stub) A1 (FY) A2 A3 VP1 VP2 VP3 SVP & Dir

Source: All data is collected from the Weatherly Group’s annual survey. Information shown herein is strictly proprietary.

The Weatherly Group Scott H. Dinhofer /Company/ @WeatherlyGroup /WeatherlyGroup www.twgco.com President The-Weatherly-Group [email protected] 212-278-8448 x222 the WEATHERLY group Page 6

2019 Compensation trends in detail Associates

Associate 0/1 (Stub) - MBA year 2019 or ($ in equivalent 000's)

Total Compensation Stub Bonus Base New Base

2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)*

BAML $185 $185 0% $35 $35 0% $150 $150 0% $150 $150 0%

Barclays - $185 - - $35 - - $150 - - $150 -

BMO Capital - $155 - - $30 - - $125 - - $150 -

Citi $185 $185 0% $35 $35 0% $150 $150 0% $150 $150 0%

Credit Suisse $160 $185 16% $35 $35 0% $125 $150 20% $150 $150 0% Deutsche $163 $185 14% $38 $35 -7% $125 $150 20% $175 $175 0% Bank Goldman $185 $190 3% $35 $40 14% $150 $150 0% $150 $150 0% Sachs Houlihan $130 $190 46% $5 $40 700% $125 $150 20% $150 $150 0% Lokey J.P. Morgan $185 $185 0% $35 $35 0% $150 $150 0% $150 $150 0%

KeyBanc Capital - $165 - - $40 - - $125 - - $150 - Markets

Lazard $160 - - $35 - - $125 - - $150 - - Lincoln - $180 - - $30 - - $150 - - $150 - International Morgan $188 $190 1% $38 $40 7% $150 $150 0% $150 $150 0% Stanley RBC $165 $190 15% $40 $40 0% $125 $150 20% $150 $150 0%

Robert Baird $150 - - $25 - - $125 - - $175 - -

STRH $165 - - $45 - - $120 - - $140 - -

UBS $165 $235 42% $40 $85 113% $125 $150 20% $125 $150 20%

Wells Fargo $185 $165 -11% $35 $40 14% $150 $125 -17% $150 $150 0%

William Blair $165 $178 8% $40 $28 -31% $125 $150 20% $150 $150 0%

Median $165 $185 5.14% $35 $35 0.00% $125 $150 10.00% $150 $150 0.00%

* Growth figures may appear disproportionately large or small due to how the Weatherly Group displays data. This is in order to protect anonymity. For additional detail, please see the notes page at the beginning of the report. The Weatherly Group Scott H. Dinhofer /Company/ @WeatherlyGroup /WeatherlyGroup www.twgco.com President The-Weatherly-Group [email protected] 212-278-8448 x222 the WEATHERLY group Page 7

2019 Compensation trends in detail Associates (Cont’d)

Associate 1 (Full Year) - MBA year 2018 or ($ in equivalent 000's) Total Compensation Bonus Base New Base 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)*

BAML $250 $250 0% $100 $100 0% $150 $150 0% $175 $175 0% Barclays $285 $250 -12% $135 $100 -26% $150 $150 0% $175 $175 0% BMO Capital $245 $285 16% $95 $135 42% $150 $150 0% $175 $175 0% Citi $255 $280 10% $105 $130 24% $150 $150 0% $175 $175 0% Cowen $285 $250 -12% $145 $100 -31% $140 $150 7% $160 $160 0% Credit Suisse $250 $263 5% $100 $113 13% $150 $150 0% $175 $175 0% Deutsche $235 $240 2% $95 $65 -32% $150 $175 17% $180 $180 0% Bank Goldman $235 $250 6% $85 $100 18% $150 $150 0% $175 $175 0% Sachs Guggenheim $340 $348 2% $190 $198 4% $150 $150 0% $175 $175 0% Houlihan - $250 - - $100 - - $150 - - $175 - Lokey Jefferies $350 $260 -26% $175 $110 -37% $175 $150 -14% $200 $175 -13% J.P. Morgan $278 $313 13% $128 $163 27% $150 $150 0% $175 $175 0% KeyBanc Capital $270 $230 -15% $120 $80 -33% $150 $150 0% $170 $150 -12% Markets Lazard $345 $315 -9% $195 $165 -15% $150 $150 0% $188 $175 -7% Moelis $340 $300 -12% $190 $150 -21% $150 $150 0% $175 $175 0% Morgan $260 $268 3% $110 $118 7% $150 $150 0% $200 $200 0% Stanley Perella $330 - - $180 - - $150 - - $175 - - Weinberg Piper Jaffray - $305 - - $145 - - $160 - - $175 - PJ Solomon - $275 - - $125 - - $150 - - $175 - Raymond $255 $270 6% $130 $135 4% $125 $135 8% $135 $180 33% James RBC $288 $220 -23% $138 $75 -45% $150 $150 0% $163 $175 8% Robert Baird $285 - - $150 - - $135 - - $175 - - Rothschild $280 - - $130 - - $150 - - $175 - - STRH - $235 - - $100 - - $140 - - $160 - UBS $210 $228 8% $60 $78 29% $150 $150 0% $175 $163 -7% Wells Fargo $245 $265 8% $95 $115 21% $150 $150 0% $175 $175 0% William Blair $295 $375 27% $170 $225 32% $125 $150 20% $150 $175 17%

Median $278 $264 2.55% $130 $114 3.90% $150 $150 0.00% $175 $175 0.00%

2019 Compensation trends in detail (Cont’d) Associates (Cont’d)

Associate 2 - MBA year 2017 or ($ in equivalent 000's) Total Compensation Bonus Base New Base 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)*

BAML $335 $330 -1% $160 $155 -3% $175 $175 0% $200 $200 0% Barclays $340 $363 7% $165 $188 14% $175 $175 0% $200 $200 0% BMO Capital $300 $315 5% $125 $140 12% $175 $175 0% $200 $200 0% Citi $375 $388 3% $200 $213 6% $175 $175 0% $200 $200 0% Cowen $350 $340 -3% $200 $180 -10% $150 $160 7% $190 $170 -11% Credit Suisse $355 $313 -12% $180 $138 -24% $175 $175 0% $200 $200 0% Deutsche $353 $333 -6% $178 $153 -14% $175 $180 3% $200 $200 0% Bank Goldman $360 $335 -7% $185 $160 -14% $175 $175 0% $200 $200 0% Sachs Guggenheim - $430 - - $255 - - $175 - - $200 - Houlihan $335 - - $160 - - $175 - - $200 - - Lokey Jefferies $325 $350 8% $150 $175 17% $175 $175 0% $200 $200 0% J.P. Morgan $400 $363 -9% $225 $188 -17% $175 $175 0% $200 $200 0% Lazard $400 $350 -13% $225 $175 -22% $175 $175 0% $200 $200 0% Lincoln - $385 - - $215 - - $170 - - $185 - International Macquarie $285 - - $110 - - $175 - - $200 - - Moelis $415 $375 -10% $240 $200 -17% $175 $175 0% $200 $200 0% Morgan $400 $333 -17% $210 $133 -37% $185 $200 8% $200 $200 0% Stanley Perella $375 $415 11% $200 $240 20% $175 $175 0% $200 $200 0% Weinberg Piper Jaffray - $320 - - $150 - - $160 - - $190 - Qatalyst $590 - - $415 - - $175 - - $200 - - Raymond $273 $290 6% $143 $140 -2% $130 $150 15% $140 $160 14% James RBC $345 - - $170 - - $175 - - $200 - - Robert Baird $340 $325 -4% $185 $150 -19% $155 $175 13% $175 $175 0% Rothschild - $363 - - $188 - - $175 - - $200 - STRH $260 - - $100 - - $160 - - $175 - - UBS $328 $360 10% $153 $185 21% $175 $175 0% $188 $200 7% Wells Fargo $285 $355 25% $110 $180 64% $175 $175 0% $200 $200 0% William Blair $390 $345 -12% $240 $170 -29% $150 $175 17% $200 $200 0%

Median $348 $350 -2.86% $179 $178 -10.00% $175 $175 0.00% $200 $200 0.00%

2019 Compensation trends in detail (Cont’d) Associates (Cont’d)

Associate 3 - MBA year 2016 or ($ in equivalent 000's) Total Compensation Bonus Base New Base 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)*

BAML $460 $408 -11% $260 $208 -20% $200 $200 0% $250 $250 0% Barclays $420 $420 0% $220 $220 0% $200 $200 0% $225 $225 0% BMO Capital $383 $365 -5% $183 $165 -10% $200 $200 0% $225 $225 0% Citi $400 $440 10% $200 $240 20% $200 $200 0% $225 $225 0% Credit Suisse - $445 - - $245 - - $200 - - $225 - Deutsche $395 $405 3% $195 $205 5% $200 $200 0% $250 $250 0% Bank Goldman $470 $400 -15% $270 $200 -26% $200 $200 0% $210 $210 0% Sachs Guggenheim $360 $490 36% $175 $290 66% $185 $200 8% $213 $225 6% Houlihan $400 $425 6% $200 $225 13% $175 $200 14% $215 $225 5% Lokey Jefferies $415 - - $215 - - $200 - - $250 - - J.P. Morgan $400 $460 15% $200 $260 30% $200 $200 0% $225 $225 0% KeyBanc Capital - $375 - - $185 - - $190 - - $225 - Markets Lazard $440 $475 8% $240 $275 15% $200 $200 0% $225 $225 0% Moelis $465 $480 3% $265 $280 6% $200 $200 0% $250 $250 0% Morgan $450 $415 -8% $250 $215 -14% $200 $200 0% $250 $250 0% Stanley Perella - $470 - - $270 - - $200 - - $225 - Weinberg PJ Solomon - $410 - - $210 - - $200 - - $200 - Raymond $295 - - $150 - - $145 - - $165 - - James RBC $440 $368 -16% $240 $168 -30% $200 $200 0% $250 $250 0% Rothschild $410 - - $210 - - $200 - - $225 - - UBS $400 $375 -6% $200 $175 -13% $200 $200 0% $250 $250 0% Wells Fargo $400 $400 0% $200 $200 0% $200 $200 0% $225 $225 0% William Blair $425 - - $250 - - $175 - - $225 - -

Median $410 $415 0.00% $210 $215 0.00% $200 $200 0.00% $225 $225 0.00%

2019 Compensation trends in detail (Cont’d) Vice Presidents

VP1 - MBA year 2015 or ($ in equivalent 000's) Total Compensation Bonus Base New Base 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)*

BAML $500 $498 -1% $250 $248 -1% $250 $250 0% $250 $250 0% Barclays $500 $483 -4% $275 $258 -6% $225 $225 0% $240 $240 0% BMO Capital $410 $428 4% $185 $203 9% $225 $225 0% $225 $225 0% Citi $500 $455 -9% $275 $230 -16% $225 $225 0% $250 $250 0% Cowen - $458 - - $263 - - $195 - - $198 -

Credit Suisse $470 $420 -11% $245 $195 -20% $225 $225 0% $250 $250 0%

Deutsche Bank $450 $500 11% $200 $250 25% $250 $250 0% $250 $250 0%

Goldman Sachs $510 $500 -2% $300 $290 -3% $210 $210 0% $220 $220 0%

Guggenheim $500 $550 10% $275 $325 18% $225 $225 0% $225 $225 0%

Houlihan Lokey - $480 - - $255 - - $225 - - $240 -

Jefferies $505 $410 -19% $255 $160 -37% $250 $250 0% $250 $250 0% J.P. Morgan $500 $515 3% $275 $290 5% $225 $225 0% $250 $250 0% Lazard $510 $510 0% $285 $285 0% $225 $225 0% $225 $225 0% Moelis $548 $563 3% $298 $313 5% $250 $250 0% $250 $250 0%

Morgan Stanley $515 $518 0% $265 $268 1% $250 $250 0% $250 $250 0%

PJT Partners - $575 - - $375 - - $200 - - $225 -

Raymond James - $375 - - $225 - - $150 - - $150 -

RBC $530 - - $280 - - $250 - - $250 - - Robert Baird $440 $380 - $265 $180 -32% $175 $200 14% $200 $200 0% Rothschild - $530 - - $305 - - $225 - - $250 - STRH $335 $383 14% $160 $183 14% $175 $200 14% $200 $200 0% UBS - $403 - - $190 - - $213 - - $225 - Wells Fargo $390 $458 17% $175 $233 33% $225 $225 0% $225 $225 0% William Blair - $425 - - $200 - - $225 - - $225 -

Median $500 $469 0.49% $265 $253 0.94% $225 $225 0.00% $245 $225 0.00%

2019 Compensation trends in detail (Cont’d) Vice Presidents (Cont’d)

VP2 - MBA year 2014 or ($ in equivalent 000's) Total Compensation Bonus Base New Base 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)*

BAML $593 $603 2% $343 $353 3% $250 $250 0% $250 $250 0% Barclays $645 $593 -8% $405 $353 -13% $240 $240 0% $255 $250 -2% BMO Capital $475 - - $250 - - $225 - - $225 - - Citi $650 $575 -12% $400 $325 -19% $250 $250 0% $250 $250 0%

Credit Suisse $585 $580 -1% $335 $330 -1% $250 $250 0% $250 $250 0% Deutsche $598 $608 2% $348 $345 -1% $250 $263 5% $275 $263 -5% Bank Goldman $580 $588 1% $360 $368 2% $220 $220 0% $230 $230 0% Sachs Guggenheim - $625 - - $400 - - $225 - - $225 - Houlihan - $550 - - $325 - - $225 - - $225 - Lokey Jefferies $475 $525 11% $225 $275 22% $250 $250 0% $250 $250 0% J.P. Morgan $550 $515 -6% $300 $265 -12% $250 $250 0% $250 $250 0% Lazard $575 $650 13% $350 $425 21% $225 $225 0% $225 $225 0% Moelis $665 $600 -10% $415 $350 -16% $250 $250 0% $250 $250 0% Morgan $550 $620 13% $300 $370 23% $250 $250 0% $250 $250 0% Stanley Nomura - $588 - - $350 - - $238 - - $250 - Perella - $625 - - $375 - - $250 - - $250 - Weinberg PJT Partners $510 $685 34% $310 $435 40% $200 $250 25% $200 $250 25% Raymond $475 $640 35% $325 $475 46% $150 $165 10% $153 $200 31% James RBC $568 $500 -12% $318 $250 -21% $250 $250 0% $250 $250 0% Rothschild - $545 - - $295 - - $250 - - $250 - STRH $400 $353 - $200 $140 - $200 $213 - $200 $213 - UBS $505 $500 -1% $255 $250 -2% $250 $250 0% $250 $250 0% Wells Fargo $450 $430 -4% $225 $205 -9% $225 $225 0% $225 $225 0% William Blair $450 - - $250 - - $200 - - $225 - -

Median $550 $588 0.22% $318 $350 -1.11% $250 $250 0.00% $250 $250 0.00%

2019 Compensation trends in detail (Cont’d) Vice Presidents (Cont’d)

VP3 - MBA year 2013 or ($ in equivalent 000's) Total Compensation Bonus Base New Base 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)*

BAML $593 $683 15% $343 $433 26% $250 $250 0% $300 $300 0% Barclays $635 $650 2% $385 $400 4% $250 $250 0% $270 $270 0% BMO Capital $375 - - $150 - - $225 - - $225 - - Citi $660 $685 4% $410 $410 0% $250 $250 0% $300 $300 0%

Credit Suisse $605 $660 9% $355 $410 15% $250 $250 0% $250 $250 0% Goldman - $680 - - $445 - - $235 - - $245 - Sachs Guggenheim $675 $600 -11% $450 $350 -22% $225 $250 11% $250 $250 0% Jefferies $600 $615 2% $350 $365 4% $250 $250 0% $275 $275 0% J.P. Morgan $698 $650 -7% $448 $400 -11% $250 $250 0% $325 $325 0% Lazard $713 $600 -16% $488 $375 -23% $225 $225 0% $250 $250 0% Lincoln $575 - - $375 - - $200 - - $225 - - International Moelis - $735 - - $485 - - $250 - - $275 - Morgan $550 $630 15% $300 $380 27% $250 $250 0% $250 $250 0% Stanley Perella - $725 - - $475 - - $250 - - $300 - Weinberg PJT Partners - $713 - - $463 - - $250 - - $275 - Raymond $478 $480 1% $305 $315 3% $173 $165 -4% $173 $225 30% James RBC $573 $570 0% $323 $320 -1% $250 $250 0% $275 $275 0% Rothschild $725 - - $475 - - $250 - - $275 - - UBS - $505 - - $255 - - $250 - - $280 - Wells Fargo $545 $550 1% $320 $325 2% $225 $225 0% $225 $250 11% William Blair - $700 - - $475 - - $225 - - $250 -

- - Median $600 $650 1.64% $355 $400 2.42% $250 $250 0.00% $250 $273 0.00%

2019 Compensation trends in detail (Cont’d) Senior Vice Presidents and Directors

($ in SVP & Directors 000's) Total Compensation Bonus Base New Base 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)* 2018 2019 Δ (%)*

BAML $690 $675 -2% $390 $375 -4% $300 $300 0% $300 $300 0% Barclays $650 $613 -6% $390 $343 -12% $260 $270 4% $285 $270 -5%

BMO Capital $595 $625 5% $345 $375 9% $250 $250 0% $250 $250 0%

Citi $750 $775 3% $450 $475 6% $300 $300 0% $300 $300 0% Cowen - $700 - - $475 - - $225 - - $225 - Credit $660 $688 4% $410 $438 7% $250 $250 0% $250 $300 20% Suisse Deutsche $800 $730 -9% $450 $430 -4% $350 $300 -14% $350 $300 -14% Bank Goldman $700 $783 12% $455 $533 17% $245 $250 2% $260 $325 25% Sachs Guggenhei - $800 - - $550 - - $250 - - $250 - m Houlihan $820 $850 4% $570 $600 5% $250 $250 0% $260 $250 -4% Lokey Jefferies $645 $668 3% $383 $393 3% $275 $275 0% $275 $275 0% J.P. Morgan $770 $780 1% $445 $438 -2% $325 $338 4% $350 $350 0% Lazard $750 $825 10% $525 $575 10% $250 $250 0% $250 $250 0% Lincoln - $600 - - $375 - - $225 - - $225 - International Moelis - $775 - - $523 - - $253 - - $290 - Morgan $838 $825 -1% $588 $575 -2% $250 $250 0% $250 $275 10% Stanley Perella - $750 - - $450 - - $300 - - $300 - Weinberg Piper Jaffray $470 $725 54% $270 $500 85% $200 $225 13% $220 $225 2%

RBC $650 $625 -4% $395 $350 -11% $275 $275 0% $275 $275 0% Rothschild $675 $750 11% $400 $475 19% $275 $275 0% $275 $275 0% STRH $575 $600 4% $338 $350 4% $238 $250 5% $238 $250 5% UBS $600 $800 33% $350 $520 49% $250 $280 12% $250 $280 12% Wells Fargo $600 $650 8% $350 $400 14% $250 $250 0% $250 $250 0% William Blair - $660 - - $423 - - $238 - - $238 ------Median $668 $728 3.91% $398 $444 5.41% $250 $250 0.00% $260 $275 0.00%

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The Weatherly Group Overview & Representative Placements

The Weatherly Group Scott H. Dinhofer /Company/ @WeatherlyGroup /WeatherlyGroup www.twgco.com President The-Weatherly-Group [email protected] 212-278-8448 x222 the WEATHERLY group Page 16

About Us

Founded on the principle of Partnership The Weatherly Group was founded on the principle of partnership. We partner with leading institutions across the financial sector, from high-profile investment banks and hedge funds to some of Fortune 500’s most successful corporate development teams, in order to uncover and secure the right talent that will lead tomorrow’s generation of success. Exclusively in finance Founded in 1990, we are an executive search firm specialized exclusively in investment banking, alternative investments and corporate finance. With over one hundred years of combined industry expertise, our principals consistently deliver high-caliber candidates with the unique profile that corresponds to our clients’ needs.

Why Weatherly?

Unparalleled efficiency The Weatherly Group was founded with the commitment to excellence. We define excellence as the art of uncovering the exact talent our client is looking for, and delivering it with the precise knowledge, efficiency and timeliness that drives a company to success. Deep network and industry expertise Our principals have aggregated over one hundred years of servicing the financial sector with a core focus on establishing long-term partnerships with both our clients and candidates. It is through our investment in a deep network, and our keen ability to pinpoint the perfect fit, that we have successfully grown the majority of our practice from recurring business. High Success Rate Over the years, we have built a high success rate of carefully selecting the best in-breed human capital that not only provides the highest credentials, but constitutes the right values and long-term vision to drive lasting success for our clients.

We have worked with a number of recruiting firms in the past, and the Weatherly Group stands out head and shoulders above the rest. In the past, we had interviewed 20 to 30 candidates for every eventual offer we made, and with Weatherly we have seen that drop to closer to one offer for every four to five candidates. The difference is staggering." – Partner, “Elite” Investment Banking Boutique

The Weatherly Group Scott H. Dinhofer /Company/ @WeatherlyGroup /WeatherlyGroup www.twgco.com President The-Weatherly-Group [email protected] 212-278-8448 x222 the WEATHERLY group Page 17

Our Expertise

Investment Banking The Weatherly Group has served the investment banking sector for close to a quarter of a century. Over the years, we have built a strong network in the investment banking community, and have successfully placed best in-breed professionals, from Analyst through Managing Director, across product and coverage groups. Our long-term clients include Wall Street’s leading global investment banks, top boutique firms and merchant banks around the globe.

Representative Placements

Firm Type Title Group

Bulge Bracket Investment Bank Managing Director Mergers & Acquisitions

Bulge Bracket Investment Bank Director Chemicals

Bulge Bracket, US & Boutique Investment Banks Vice Presidents Multiple

Bulge Bracket, US & Boutique Investment Banks Associates Multiple

Bulge Bracket, US & Boutique Investment Banks Analysts Multiple

International Merchant Bank Director Mezzanine Financing

Premier Super Boutique Vice Presidents Mergers & Acquisitions

Premier Super Boutique Associates Multiple

Premier Super Boutique Vice President Seeking physician with MBA & Business experience

TMT Focused Investment Banking Boutique Vice President Media

US Investment Bank Managing Director Middle Market Mergers & Acquisitions

The Weatherly Group Scott H. Dinhofer /Company/ @WeatherlyGroup /WeatherlyGroup www.twgco.com President The-Weatherly-Group [email protected] 212-278-8448 x222 the WEATHERLY group Page 18

Want to learn more about how the Weatherly Group can help you with your next job search? If you would like to obtain a full set of a credentials for the Weatherly Group, including team biographies and services offered, please contact: Scott Dinhofer: President [email protected] 212-278-8448x222

The Weatherly Group Scott H. Dinhofer /Company/ @WeatherlyGroup /WeatherlyGroup www.twgco.com President The-Weatherly-Group [email protected] 212-278-8448 x222