Doug's experience with the firm includes pioneering efforts in the development of the concept of asset/liability management. He also serves as the firm's principal investment advisor and consultant. He works with individual and institutional accounts throughout the United States in the critical areas of portfolio management, evaluation of asset/liability exposure, liability and loan pricing, and hedging strategies. Doug is in charge of trading in U.S. Government securities, agencies and mortgage-backed securities.

Before joining the firm, Doug was an officer of a national bank in Oklahoma City where he handled the cash management position of the bank and was actively engaged in municipal and government bond sales, bond trading, and municipal underwriting.

Doug earned a Bachelor of Science Degree in Business from the University of Colorado where he majored in accounting. He has also completed the bank investment course of the American Institute of Banking. He is a NASD registered general securities principal and investment advisor.

DAVID DAUGHERTY
David is a Managing Director of The Baker Group. He has 20 years investment experience with community banks. He works exclusively with community banks in the design and implementation of investment asset/liability strategies. In the process, he evaluates interest rate risk exposure and duration analysis and recommends specific investment instruments that maximize the earnings needs of the institution.

Before joining The Baker Group, David served as President and Director at a regional investment banking firm.

David has presented investment seminars across the country, most recently to the Community Bankers Association of Illinois, Community Bankers Associations of North Dakota, and the Community Bankers Association of Indiana.

David holds a Bachelor of Business Administration Degree in Finance from the University of Oklahoma. He is a registered general securities principal with the National Association of Securities Dealers, Inc.

RICK HANSING
Rick Hansing is a Managing Director with The Baker Group. Rick works with banks in the areas of investments and asset/liability management. He also assists clients in a broad range of other areas including education, portfolio management, interest rate risk management, investment policies, portfolio accounting and budgeting.

Rick received his Bachelor of Business Administration Degree from the University of Oklahoma. He is a registered representative with the National Associates of Securities Dealers, Inc.

CARL H. HOLLIDAY
Carl is a Managing Director and Principal of The Baker Group since joining the firm in 1979. Carl is a registered general securities principal with the National Association of Securities Dealers, Inc.

As Managing Director, Carl is in charge of the firm's primary and secondary market trading in municipal and corporate securities involving market timing and credit quality evaluation. He works with institutional clients in structuring fixed-income and securities portfolios, utilizing his experience in the areas of asset/liability management, duration, security selection, financial trends, and liquidity risk analysis. Carl also works with individual and trust accounts structuring their fixed-income portfolios based on their tax position and risk horizon.

Previously employed as an Assistant Vice President in the institutional investment department of a major Oklahoma bank, Carl was responsible for the portfolios of more than 100 correspondent banks. His responsibilities required knowledge of a number of investment areas including government and municipal bond trading, institutional sales, municipal underwriting, portfolio analysis, money market sales, and cash management, and mortgage-backed securities trading.

Carl earned a Bachelor of Business Administration Degree in Finance from the University of Oklahoma. He is a graduate of the National School of Bank Investments.

EDWARD A. KREI
Ed is a Managing Director with The Baker Group, an investment firm based in Oklahoma City, specializing in services to financial institutions. He performs advisory services relating to balance sheet and investment portfolio strategies, risk management and strategic planning.

A frequent speaker at banking and investment conferences, Ed has spoken for the Federal Reserve Board, the OCC, the OTS, the FFIEC, the NCUA, the Conference of State Bank Supervisors, several Federal Home Loan Banks, and state banking and securities regulatory agencies. He has served as a faculty member of numerous banking schools, including the Graduate School of Bank Investments and Financial Management, the ABA National Commercial Lending Graduate School, and the Graduate Schools of Banking at LSU, SMU and Colorado. Ed has also served as a consultant to central banks in Europe and Russia.

Ed received a BBA with honors in accounting from the University of Mississippi and was gold medallist on the CPA examination in Tennessee. He has served on the Boards of numerous civic and charitable organizations including Junior Achievement, Goodwill Industries, Rotary Club #29 and the Arthritis Foundation.

MIKE MACKEY
Mike joined The Baker Group in 1993 and a Managing Director. He works primarily with banks in the areas of investments and asset/liability management. He also assists clients in a broad range of other areas including education, portfolio management evaluation, interest rate risk, strategic planning, and regulatory issues.

Mike focuses on identifying the specific objectives of clients and tailoring investment portfolios to achieve their goals. In that process, he evaluates the relative values of a broad range of investment products, and helps clients select those that compliment their investment portfolios.

Mike received his Bachelor’s Degree in Oral Communications from the University of Oklahoma. Mike attended Oklahoma State University studying Agriculture Economics before transferring to the University of Central Oklahoma.

ROBERT H. NORTHWOOD
Rob joined the firm in 1981 as a Vice President and currently serves as a Managing Director. Rob is registered with the National Association of Securities Dealers as a general securities principal.

As one of the Managing Directors of the firm, Rob is involved directly in the management of the firm as a supervisory principal. He works extensively with financial institutions nationwide in the critical areas of education, portfolio management, interest rate risk management, and hedge strategies. He is an active participant in education seminars and frequently addresses banking groups on subjects of current interest.

Prior to joining The Baker Group, he served as a financial futures specialist for a major commodity brokerage firm with an emphasis in the use of future ad options strategies for financial institutions.

Rob received his Bachelor of Science Degree from the University of Denver. He serves the local community as an active member of bond dealer associations and community service organizations.

STEVE PORTER
Steve was a founding member of The Baker Group and now serves on the Board of Directors and acts in the capacity of Managing Director. He works with financial institutions and individuals in a number of areas including investment advisory, portfolio management, education, interest rate risk management, regulatory compliance, and development of strategic investment plans. He has conducted numerous educational seminars to banking associations nationwide.

His prior portfolio management experience was in the investment department of a large Oklahoma City correspondent bank. He has been assisting financial institutions with investment portfolio and interest rate risk management since 1975.

Steve holds a Bachelor of Arts degree from the University of Oklahoma and has completed various investment and lending schools conducted by the American Bankers Association. He is registered as a general securities principal and investment advisor with the National Association of Securities Dealers.

CRAIG H. STANLEY
Craig is Managing Director and Treasurer of The Baker Group. He is registered with the National Association of Securities Dealers, Inc. as a general securities principal, options principal, and general securities financial operations principal.

As a Managing Director, Craig works with institutional and individual clients in providing general investment services in the area of portfolio evaluations, asset/liability exposures, developing strategic plans, liability and loan pricing, arbitrage and hedging strategies.

Craig has more than 20 years experience in the field of bank investments. Prior to joining the firm in 1979, he worked with a regional brokerage firm, specializing in sales of securities to banks. Craig gained his experience through service with a national bank in Oklahoma City as an investment officer and as an operations assistant for a community bank located in Bartlesville, Oklahoma.

Craig holds a Bachelor of Business Administration Degree in Finance from the University of Oklahoma.

PHIL STENSETH
Phil is a Managing Director of The Baker Group. He is responsible for directing the firm’s fixed income trading operation. He is instrumental in the firm’s development of bank investment portfolio and interest rate risk management strategies, researching new investment products, monitoring bank regulatory and compliance issues. Additionally, Phil has revised and continues to enhance the firm’s proprietary software programs designed to assist clients in the management of their investments.

Phil regularly conducts educational seminars for banking groups and associations nationwide. He has addressed various bank trade associations and serves as a faculty member of several national and regional banking schools. Phil has been frequently published in many banking journals and periodicals.

Phil holds a Bachelor of Science degree in Finance from the University of Arizona and is a Chartered Financial Analyst (CFA). He is a member of the Association for Investment Management and Research (AIMR) and the Financial Analysts Society. Additionally, Phil is a registered representative and (investment advisor) with the National Association of Securities Dealers, Inc. (NASD).

DANIEL R. TONSETH
Dan joined the firm in 1986 and is a Managing Director. He works with institutional accounts throughout the United States in the design and implementation of investment and asset/liability strategies. In that process, he evaluates interest rate risk exposure and duration analysis to recommend specific investment instruments that maximize the earnings needs of the institution.

Dan has conducted numerous educational seminars to banking associations and money managers nationwide, most recently to the Community Bankers Association of Indiana and the Picasso Group of Denver.