Discuss the causes and impact of each instance of departure, hiring, and/or promotion within the executive ranks in the past five years. Describe the reporting structure and controlling entities responsible for setting business strategy? How are key operating decisions (budgeting, compliance, personnel, etc.) determined? If your firm is part of a corporate parent and does not exercise full operating control, please discuss to what extent your corporate parent is involved in managing your business affairs. firm’s If your firm is managed autonomously from the controlling entity, please describe what aspects of your corporate governance structure enable your officers to exercise autonomous control. firm’s List key executives who have responsibility for the management of the organization in the table below. Yrs Year Exp Joined Name Title Location Responsibilities Firm A3. Investment Team With respect to this product, who is responsible for investment strategy, asset allocation, portfolio construction, research, security selection, trading, etc.? Discuss their specific roles within the investment team. Is this product supported by a central team of analysts responsible for providing research to the broader fixed income effort? firm’s Do you prefer to hire experienced investment professionals from the outside or bring people up through the ranks? Are the senior members of the investment team invested in this strategy? Who maintains decision-making responsibility for the product?
Discuss the causes and impact of each instance of departure, hiring, and/or promotion within the executive ranks in the past five years. Describe the reporting structure and controlling entities responsible for setting business strategy? How are key operating decisions (budgeting, compliance, personnel, etc.) determined? If your firm is part of a corporate parent and does not exercise full operating control, please discuss to what extent your corporate parent is involved in managing your firm’s business affairs. If your firm is managed autonomously from the controlling entity, please describe what aspects of your corporate governance structure enable your firm’s officers to exercise autonomous control. List key executives who have responsibility for the management of the organization in the table below. Name Title Location Responsibilities Yrs Exp Year Joined Firm A3. Investment Team With respect to this product, who is responsible for investment strategy, asset allocation, portfolio construction, research, security selection, trading, etc.? Discuss their specific roles within the investment team. Is this product supported by a central team of analysts responsible for providing research to the firm’s broader fixed income effort? Do you prefer to hire experienced investment professionals from the outside or bring people up through the ranks? Are the senior members of the investment team invested in this strategy? Who maintains decision-making responsibility for the product?
Exhibit%202%20Wilshire%20Bank%20Loan%20DDQ%20Final.docx