Mr. Lesser joined Tristone Capital in June 2006 as Managing Director, Institutional Sales. He joined from UBS, where he was Director, European energy equities. He spent the previous eight years in the oil and gas equity research team. His team became Europe's number one oil and gas research team (Reuters, Exte, etc), and was voted the number one equity team across any industry in Europe. Mr. Lesser's expertise is in mid-cap equities, and with hedge funds and global investors. Mr. Lesser holds a Masters degree from Cambridge University.

Dr. Grudniewicz joined Tristone Capital in December 2005 as Director, Institutional Sales within International Capital Markets. Following a brief period at BP, he joined the financial sector, training as an equity analyst in the oil & gas sector and progressively migrating to a sector research marketing role. He has worked exclusively in the energy sector and has strong and long-standing relationships with a broad spectrum of European investors. Dr. Grudniewicz joined Tristone Capital after seventeen years at Merrill Lynch and predecessor firms, followed by some 5 years at ABN AMRO.

Dr. Grudniewicz holds a First in Mathematics from London University and a PhD in Differential Equation Theory from the same College.

Mr. Maurer joined Tristone in October 2003 as Associate, Institutional Trading. Prior to joining Tristone, Mr. Maurer was an Associate at BMO Nesbitt Burns, a Canadian national investment firm. Mr. Maurer joined BMO Nesbitt Burns from the Canadian operations strategy group at Talisman Energy Inc, an independent upstream oil and gas company. In March 2008, Mr. Maurer relocated to our London office.

Mr. Maurer holds a Bachelor of Commerce degree, with distinction, from the University of Calgary where he specialized in Finance. He is a candidate in the Chartered Financial Analyst program. Mr. Maurer has earned his FMA designation and is currently working towards obtaining his FCSI designation from the CSI Institute.

Mr. Hodgson joined Tristone Capital in January 2006 from Sarbacan Capital, where he worked as Fund Manager for a Global Long-Short Equity and Derivative fund. Prior to London, Mr. Hodgson was a proprietary equity options and volatility trader for Group One Trading, and a member of the American Stock Exchange for four years.

Mr. Hodgson holds a BS degree in Finance from the Wharton School (Pennsylvania), an Investment Management Certificate, and is currently working towards a CFA designation.

Mr. Penny joined Tristone in August 2005 with more than 30 years of experience in the energy and banking sectors. Prior to joining Tristone, he was Managing Director and Co-Head of Sales and Trading at Scotia Capital (formerly Mcleod Young Weir). Mr. Penny's experience has been focused on the energy sector where he integrated the Geneva operation into London upon acquisition in 1996 and developed a trading desk in London that worked in conjunction with its Canadian operations.

Mr. Penny is a graduate of Fettes College Edinburgh and Summerfields School Oxford

Mr. Wellesley joined Tristone Capital in March 2006. He came from broker WH Ireland where he advised and traded for high net worth accounts and London based hedge funds covering the energy and resources sector. Before that Mr. Wellesley ran his own trading office focusing on U.K., Far East and U.S. Prior to that he spent ten years at Merrill Lynch running a trading desk of five individuals who were part of a global proprietary which covered the energy market in the Far East.