Management Financial

SCOTT YESSNER, CPA

*** ********* *****, *** ****, CA 91377 H:818-***-**** C:310-***-**** E-mail:************@***.*** Linkedin

Senior Executive - Chief Financial Officer

Banking / Capital Markets / Brokerage / Investments / Insurance / Clearing

S U M M A R Y

Senior Executive – Chief Financial Officer with demonstrated track record of leading a diverse range of financial service businesses, products, and services in sophisticated institutions. Comprehensive experience and oversight of wide-ranging corporate functions including accounting, treasury, risk management, financial planning, strategy, and mergers and acquisitions

Major Business Units – (over 50 sub-units/product lines with greater than $40 million in revenues)

Corporate and Real Estate Banking

Asset & Investment Management

Brokerage, Wealth and RIA

Capital Markets

Consumer & Mortgage Banking

Life Insurance & Annuity

Derivatives & Trading Products

Leasing

Investment Banking

Areas of Functional Expertise and Qualifications

Equity & Debt Capital Raising

Mergers & Acquisition

Risk, ALM, & Capital Management

Financial Reporting & Governance

Treasury Management

Forecasting and Planning

GAAP and Regulatory Accounting

Strategy

Valuation and Financial Modeling

Scale

$40 Billion Balance Sheet

40 – 2,000 Employees

$1.8 Billion in Revenues

$16 Billion in Acquisition Bids

$50 Billion Derivatives

$800 Million Pre-tax Earnings

50+ product/service lines

P R O F E S S I O N A L E X P E R I E N C E

The Balance Sheet Company, LLC – Los Angeles, CA November 2013 – January 2015

A 3(c)7 Hedge Fund built for consistent operating returns, quarterly cash dividends and limiting investor risk of loss; The Company’s portfolio appetite of debt and derivatives includes corporate, commercial real estate, mortgage securities, and structured product investment grade debt, interest rate swaps-swaptions, interest rate futures, and credit default swaps.

Founder- Chief Executive Officer

Executive responsible for building a low cost, low risk, high cash flow, and consistent operating return company

Built and delivered investor materials and videos; Met with investors and due diligence teams

Established registrations, operations and portfolio limits including credit risk, interest rate risk, asset-liability thresholds, funding, capital ratios, concentration, diversification, commodity pool operator filing, RIA filing, and trading platform

Union Bank (UnionBanCal Corporation) – Los Angeles, CA September 2010 – November 2013

A subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., Union Bank is a regional commercial and retail bank with $96 billion of assets and $3.4 Billion of revenues.

Group Chief Financial Officer – Wholesale Banking (Corporate-Commercial-Capital Markets-Wealth Management)

Group CFO with overall financial management and senior committee responsibilities including accounting, mergers and acquisitions, balance sheet and capital management, strategy, financial planning and analysis, SEC & regulatory reporting, risk management, and governance. The wholesale banking division includes Commercial/Corporate Banking, Commercial Real Estate, Global Treasury Management, Capital Markets, and Wealth Management with revenues exceeding $1.9 billion, assets of $40 billion, commercial deposits of $36 billion, and over $50 billion of derivatives (notional)

Lead financial executive gaining board approval for $16 billion of acquisitions through deal model valuations and due diligence activities of bank and non-bank merger targets; PB Capital acquisition (April 2013) of $3.8 billion successful transaction

Divisions issued over $30 billion of debt and equity for customers; Led strategic expansion of products, segments and geographies which increased earnings $238 million, 23%, from 2010

Upgraded SOX program and Financial Reporting governance; Led successful initial and subsequent ICAR-CCAR stress test submissions for the corporate banking division

Established new balance sheet and capital management paradigm through modernizing pricing and funds transfer costs models of loans, leases, and deposits

Collaborated with executive team to deliver economic capital and ICAAP program including development and validation of the credit, market, and operating risk models and of quarterly stress tests

Wells Fargo Advisors, LLC – St. Louis, MO August 2008 – September 2010

A subsidiary of Wells Fargo & Company, Wells Fargo Advisors is the second largest U.S. retail brokerage company with $1 Trillion in assets under management and nine billion in annual revenues.

Managing Director – Chief Financial Officer - Independent Brokerage Group

Group CFO with full financial management responsibilities including strategy, financial planning, forecasting, management reporting, accounting, regulatory reporting, advisor compensation, and risk management. Independent Brokerage Group with $1 billion in annual revenues and $170 billion in assets under management include FiNet, First Clearing Corporation, Latin America (International Brokerage), and Direct/On-line business units

Led business unit through a divesture of non-strategic assets and operations in Latin America

Merged IBG divisions into combined Wells Fargo/Wachovia brokerage business

Reorganized staff and responsibilities to support the multi-division environment. Enhanced financial management controls and regulatory reporting

Countrywide Financial Corporation – Calabasas, CA June 2005 – February 2008

A Fortune 150 company, Countrywide Financial Corporation is a diverse financial services organization with market leadership in mortgage banking.

Senior Vice President of Finance Countrywide Financial Corporation 2005-2006

Executive Vice President – Chief Financial Officer - Technology 2007-2008

Responsible for corporate financial planning, budgeting, forecasting, performance reporting for Countrywide Financial Corp. in 2005-6 and the technology division 2007-8

Built metrics based reporting suite across all major unit businesses units of Countrywide Financial Corporation

Led corporate finance risk assessment and interfaced with Thrift (OTS) and Federal Reserve (FRB) bank regulator on examinations and inquiries

Established financial reporting and performance infrastructure for technology division

Evolution Financial, Inc. - Westlake Village, CA September 2003 – May 2005

Evolution Financial is a registered investment advisor firm that manages and services defined contribution and benefit plans.

Founder

Responsible for constructing a difference-making product line, distribution system, and operational infrastructure for a startup financial services firm drawing on subject matter expertise in the investment industry

Jackson National Life Insurance Company - Santa Monica, CA March 1999 - September 2003

A wholly owned subsidiary of The Prudential PLC, Jackson National Life distributes a variety of financial products and investments including annuities, life insurance and separate accounts through Financial Planners, Broker Dealers, and Financial Institutions. Jackson National Life has $58 billion in assets and six billion dollars in new premium sales.

Senior Vice President and Chief Financial Officer – Jackson National Life Distributors, Inc.

Financial management and business development responsibilities including strategy, financial planning, forecasting, management reporting, accounting, regulatory reporting, advisor compensation, product development, and risk management for multiple divisions

Led strategic restructuring of sales, distribution, and administration resulting in a material distribution expansion and cost reductions resulting in a 75 basis point decrease in sales acquisition cost, 32%, while increasing sales $2.3 billion, almost a 50% increase over two years. New distribution channel expansion and increased price competitiveness was financed through cost savings

Installed a multi-division, multi-departmental strategy, planning, forecasting and budgeting process including transfer pricing and cost allocations on a scale of six billion dollars in premium sales, $106 million in expenses, and $40 million in capital budgeting and 1,500 employees

C & N Energy, Ltd. - Long Beach, CA June 1996 to March 1999

Physical pipeline market and derivatives oil trading company in the West Coast and Gulf of Mexico markets with $2 billion of refined oil products supplied annually.

Controller and Director of Operations

Responsible for all aspects of the day to day operations including cash and margin management, trading operations, risk and credit management, accounting, regulatory reporting, tax planning and reporting, administration, and contract management

Migrated operation from manual processes to an automated system with efficient controls and timely decision-making information. System and procedures provided for fast trading positions mark to market evaluation, month-end, year-end accounting close, and trade contract reconciliation

Laerdal Medical Corporation / International Healthcare Devices, Long Beach, CA 1993 – June 1996

Manufacturer and distributor of long-term use, educational training, and emergency medical devices ranging from injection-molded plastic cervical collars to portable electronic defibrillators.

Cost Accountant – Assistant Controller

Responsible for standard costing, bill of materials, routings, variance reporting, cost containment, implementing and maintaining manufacturing controls, month-end/Year-end accounting close, financial statement preparation

EDU C A T I O N & LICENSES

Certified Public Accountant State of CA CPA #98327

Series 27 Financial and Operations Principal License (Inactive)

University of California – Los Angeles, Westwood, CA

B. A. – Economics

Enrolled in The Anderson School of Management, UCLA, 1999, Abated program in 2000 for opportunity at JNL.

T E C H N O L O G Y

Extensively utilize technology to create competitive advantages, scalable operational platforms, and business management tools.

Oracle Financials Bloomberg, PeopleSoft, Hyperion, Lawson, Platinum, BPICS, UDB, DB2, Siebel, MS Office, and administration systems on multiple hardware platforms

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