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COR Clearing LLC

Directors & Senior Management

Chris FrankelCEO & Director

Mr. Frankel was the COO of GunnAllen Financial from 2006‐2009. 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.

Carlos P. SalasPresident & Director

Mr. Salas serves as President of COR Clearing LLC and is Executive Vice President, Direct Investments of COR Capital LLC. Previously, he co-founded Dolphin Direct Equity Partners, LP, a New York-based private investment fund focused on structured debt and equity investments in small-market companies. Prior to forming Dolphin, Mr. Salas 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, including Williams Controls, Inc. (NYSE: WMCO) and Tengasco, Inc. (AMEX: TGC). Mr. Salas is a graduate of The University of Chicago (J.D.) and New York University (B.A.).

Jeffrey SimeChief Financial Officer

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.

Colette RexSenior Vice President of Operations

Ms. Rex has served as VP 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.