Alan W. Kral

ALAN W. KRAL, CAF & CIC – A portfolio manager with extensive experience
in both fixed income and equity management, Alan Kral joined TSBJ in
1991. He is a principal of the firm and a member of the Investment
Committee. Most recently, Mr. Kral had been a vice president and fixed
income portfolio manager with Mitchell Hutchins Institutional Investors.
From 1983 through 1988, he was the principal of his own firm, Madison
Park Investment Management, which was acquired by Ocwen Financial Corp.
He was a vice president and asset and liability specialist for Ocwen
until 1990. Mr. Kral is a graduate of St. Mary’s College in Minnesota
with a B.A. in physics and holds an M.B.A. in finance from the
University of Minnesota. He became a Chartered Financial Analyst in 1978
and was born in Chicago in 1945.