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COR Clearing LLC

Directors & Senior Management

Carlos P. SalasCEO and Director

Mr. Salas serves as CEO of COR Clearing LLC and is CFO of COR Securities Holdings. Previously, he co-founded Dolphin Direct Equity Partners, LP, a New York-based private investment fund focused on control equity and structured debt investments in middle-market and financial services companies. Prior to forming Dolphin, Mr. Salas served as CFO of a private capital equipment manufacturer to lead its restructuring. Before this assignment, he was an investment banker with Donaldson, Lufkin & Jenrette, Inc. and Credit Suisse First Boston, each in Los Angeles, providing M&A and corporate-finance advice to middle-market companies. Mr. Salas is a member of the State Bar of California and practiced law with Cleary, Gottlieb, Steen & Hamilton in New York, where he advised clients in connection with debt and equity issuances and cross-border M&A transactions. In addition, he has served on the boards of directors of several public and private companies. Mr. Salas is a graduate of The University of Chicago (J.D.) and New York University (B.A.).

Jeffrey SimePresident and CFO

Mr. Sime was one of the original founders and rejoined Legent in 2011, prior to its transition to COR Clearing. From 2007 to 2010, Mr. Sime provided consulting services to brokerage and technology firms in the brokerage space. From 2002 to 2007, Mr. Sime served various senior management roles with the company. Prior to COR Clearing, Mr. Sime was Chief Financial and Chief Administrative Officer for Kirkpatrick Pettis, the brokerage subsidiary of Mutual of Omaha Insurance Company. Mr. Sime founded the clearing division at Kirkpatrick Pettis that eventually became Legent Clearing. Mr. Sime began his career with Deloitte and has held several positions at brokerage firms. He has over 20 years of financial services experience and holds the series 7, 24, 27, 53, 63, 79 licenses. Mr. Sime has a BS in Business Management with an Accounting Major.

Chris FrankelManaging Director of Business Development and Director

Mr. Frankel currently serves as Managing Director of Business Development of COR Clearing LLC. From 2006-2009 Mr. Frankel was the COO of GunnAllen Financial. Mr. Frankel also worked at The Sterne, Agee and Leach Group from 1994 until 2006. While at Sterne Agee he served as the CEO of two of the - firms’ broker dealers and President of the third. Mr. Frankel has extensive industry experience in correspondent clearing, wholesale execution, bank securities operations and institutional sales. Mr. Frankel began his career at Alex Brown & Sons, Inc. Mr. Frankel has served on the board of both the Securities Industry Association and the Securities Traders Association. Mr. Frankel attended Florida State University.

Colette RexExecutive Vice President of Operations

Ms. Rex has served as EVP of Operations with COR Clearing since November 2012, and came to us with extensive operations experience at several preeminent financial services firms, including AXA Financial, Morgan Stanley, Pershing and Financial Clearing and Services Corp. She is also a past Executive Board Member of the Customer Account Transfer Division of SIFMA. FINRA licensed Series 7, 9/10, 24, 27, 51 and 63.

Leon FergusonCTO

Mr. Ferguson is the Chief Technology Officer of COR Clearing LLC. He has over twenty years’ experience in executive roles at technology focused companies. Previously, he founded a technology back-office provider for telco companies, DCA, Inc., which was sold to Worldcom. Mr. Ferguson moved on to serve as the CTO for ITS/Penson Financial Services in the trading technology group. He also served as the CTO for FolioFN, a broker dealer/technology provider specializing in the portfolio solutions for registered investment advisors. Prior to COR Clearing, Mr. Ferguson served as the CTO in Hong Kong and Singapore for InvestLab, providing international trading and settlement systems for broker dealers in Asia. He is a graduate of the University of Oklahoma.