Timothy J. Carver

Managing Director

---

Timothy J. Carver manages the firm’s day-to-day activities and is responsible for leading the development and execution of its strategy in support of its goals. Prior to co-founding Northern Lights, Tim spent nearly a decade as a general partner of Orca Bay Partners, a private equity firm specializing in the investment management industry. Tim helped design several innovative structures in making private equity investments in such firms as Parametric Portfolio Associates and Envestnet Asset Management. Tim’s experience in making private equity investments in this industry complements the other principals’ skills to bring to fruition the ownership of unique intellectual capital identified in our research process. Tim is a member of the Company’s Investment Board.

Paul R. Greenwood, CFA

Managing Director

---

Paul R. Greenwood leads Northern Lights’ efforts in identifying and researching potential affiliates of the Company. Prior to co-founding Northern Lights, Paul was instrumental in developing and led the holistic approach to manager research employed by Russell – at the time, the world’s largest multi-manager research firm. Paul focused on manager evaluation for nearly 15 years at Russell, ultimately driving the implementation of Theory Directed Research. His continuous innovation led to the fundamental belief that culture, above all else, drives long-term investment success. We believe the approach, which Paul developed, of coupling quantitative evaluation with qualitative assessment enables Northern Lights to better predict which managers will be great prospectively rather than simply chasing past performance. Moreover, it enables appropriate structuring to mitigate risk and enhance return. While at Russell, Paul managed all portfolio managers and research analysts focused on US equity companies, with Russell’s own funds representing roughly $40 billion in ten different strategies. This encompassed all aspects of company management, including portfolio management, research, risk management, portfolio construction and implementation. Paul is widely regarded as among the most innovative researchers in the institutional asset management community, and played a key role in building Russell’s reputation for excellence in manager research and portfolio management. Paul is a member of the Company’s Investment Board.

Jack C. Swift

Managing Director

---

Jack C. Swift is responsible for strategic partnerships and new business development, including sales, client relations and marketing, for the firm. Jack has more than 12 years of experience working with multi-boutique firms and expanding distribution efforts across multiple sales channels. Prior to merging with Northern Lights, Jack was the chief operating officer and founding partner of Echelon Capital Group. Prior to founding Echelon, Jack served as managing director and head of sales for JanusINTECH Institutional Asset Management, where he led the institutional team's effort to raise over $30 billion in assets over three years. Jack has extensive experience in multiple channels in the asset management industry, including Registered Investment Advisor, institutional, broker-dealers, insurance providers and international business lines. Prior to Janus, Jack was a partner and national sales manager for Berger Financial Group.

Steve Coppess, JD

Director

---

Steve Coppess joined Northern Lights in 2009 bringing with him experience in private equity and venture capital transactions. Steve assists in the firm’s private equity diligence, structuring, and deal execution efforts. Prior to joining Northern Lights, he was an analyst at Montlake Capital (formerly Buerk Dale Victor LLC), a Seattle-based venture capital firm, where he led diligence and assisted in sourcing, structuring, and deal execution efforts. He previously spent time in the Risk Management Group at the Quellos Group LLC, now a part of Blackrock Alternative Advisors. Steve provides Northern Lights with expertise in financial modeling, and experience in structuring and deal execution.

Michael Daley

Director

---

Michael Daley joined Northern Lights in 2007. He has more than 15 years of experience in manager evaluation, product development and strategic marketing. Michael developed and now leads Northern Lights’ hedge fund seeding platform “Accelerator”. Michael works closely with the firm’s strategic partners, including Accelerator joint venture partner Hermes BPK Partners in London, in the development of new investment products. Prior to joining Northern Lights, Michael was a partner at the boutique multi-manager investment firm, Accessor Capital Management (now part of Forward Management, LLC). As Director of Product Development, Michael facilitated the launch of new investment vehicles and designed a patent pending investment planning tool used by financial planners nationwide. He developed and led a new business initiative that expanded the firm’s target market to include broker/dealers. During his tenure at Accessor AUM more than tripled.Michael is member of the board of directors of The Accelerator Fund GP LLC, AlphaShares LLC and Goodhart Partners LLP.

Steve Ford

Director

---

Steve Ford is responsible for new business development and client service for the east coast. Steve has more than 10 years of experience in business development. Prior to merging with Northern Lights, Steve was in a similar role for Echelon Capital Group. Previously, Steve was with Centennial Partners of Memphis, Tennessee where he was vice president responsible for institutional sales and consultant relations efforts. Prior to Centennial, he was the southeast regional vice president for Rydex Investments, financial consultant for Smith Barney, and regional consultant for Strong Investments.

Chris Fosse, CPA

Chief Financial Officer

---

Chris Fosse joined Northern Lights in early 2007, bringing with him over 10 years of financial and business planning, accounting and administrative operations experience. Chris spent seven years in public accounting with Morton Alan Haas & Co., a public accounting firm that specializes in auditing and consulting within the California escrow industry, and six years of leading the finance function of Rhodes Architectural Stone in Seattle. As a public accountant, Chris managed audits and prepared corporate and individual tax returns. As Director of Finance at Rhodes, Chris was an integral part of an executive management team and built the finance and accounting function from scratch. At Northern Lights Chris is responsible for the development and implementation of day-to-day accounting procedures, formal financial reporting processes and internal control systems. Chris takes an active role in supporting the accounting and financing needs of the Company’s affiliates.

J. David Griswold

General Counsel/Chief Compliance Officer

---

J. David Griswold serves as the internal legal advisor on all major business dealings and transactions, and oversees internal and external compliance. Prior to joining Northern Lights, David served as general counsel and chief compliance officer to Global Index Group, a start-up developing financial indexes for use in exchange traded funds and similar products. Before that, David served as associate general counsel and director of global regulatory policy for Russell, where he spearheaded the consolidation of Russell’s world-wide compliance efforts into a single cohesive compliance structure. During his 19 years at Russell, David represented a number of Russell’s business lines, including aspects of the firm's 1940 Act mutual fund products, brokerage firms and Asia-Pacific offices. Prior to Russell, David was a securities lawyer at the Seattle firm of Foster Pepper.

John Krick

VP of Operations

---

John Krick joined Northern Lights in 2006. His 30-year career spans both scientific and financial arenas. John has significant practice in managing and integrating technology with business processes. Years of managing both IT and Operational Teams at The Vanguard Group and at 1838 Investment Advisors, provides John depth and perspective on the intricacies of financial operations. For Northern Lights, John has evolved a comprehensive guidebook to support Operational Excellence for both startups and maturing small financial companies. John works closely with the Company’s affiliates to identify more scalable, cost-effective and easier to manage processes, and to design in-house and outsourced solutions.

Meredith Mertens

Sales and Marketing Associate

---

Meredith Mertens is responsible for internal support of the sales, client service and consultant relations efforts for the firm. Prior to joining Northern Lights in 2010, she worked for Harbor Funds based in Chicago.

Bernie Norton

Director

---

Bernie Norton is responsible for new business development and client service for the Midwest. Bernie has more than 10 years of experience in consultant relations and institutional sales. Prior to joining Northern Lights in 2011, Bernie was a consultant relations manager at Janus Capital Group, where he oversaw national institutional consultant relationships. Previously, he was an analyst at Cambridge Associates and an associate at ICON Advisors.

Angel Romero

Director

---

Angel Romero is responsible for the overall marketing of the firm, as well as the marketing, product management and positioning for the firm’s portfolio companies. Prior to merging with Northern Lights, Angel was in a similar role with Echelon Capital Group. Prior to Echelon, Angel was the director of marketing for Janus Capital’s institutional division. Ms. Romero has more than 15 years of marketing experience with financial services firms, with extensive experience in branding, positioning, product marketing and communications.

David Swift

Director

---

David Swift is responsible for new business development and client service for the west coast. Prior to merging with Northern Lights, David was in a similar role for Echelon Capital Group. Previously, David worked in institutional equity sales for Banc of America Securities and JP Morgan, where he was responsible for new business development and market share growth with hedge funds and long-only equity firms.

Andrew L. Turner, PhD

Founder/Board Member

---

Andrew L. Turner is a founder and board member of Northern Lights. Prior to co-founding Northern Lights, Andy ran the investment and research function at the Frank Russell Company (“Russell”). In that capacity he built and led a 100+ person investment team for the firm with offices in London, Paris, Amsterdam, Johannesburg, Sydney, Melbourne, Auckland, Singapore, Hong Kong, Tokyo, Toronto, San Francisco and New York. While leading this team, Andy encouraged the development of Theory Directed Research, and created the infrastructure and culture necessary to systematically collect data on over 10,000 management meetings to quantitatively demonstrate the power of this novel approach. Moreover, the experience of helping build Russell’s global investment business provided direct exposure to the unique needs and challenges involved with motivating investment professionals and creating long-term sustainable investment environments. Perhaps most importantly, Andy was one of a handful of senior leaders who can be credited with creating one of the most powerful investment cultures in the industry.

Xavier Sément

Senior Advisor

---

Xavier Sément advises Northern Lights on European expansion through his consulting business, Fair Isle Partners. Xavier brings more than 10 years of experience in corporate finance and strategy in the asset management industry. Xavier was previously with BNP Paribas Investment Partners, where he managed the portfolio of proprietary investments in asset management firms.