Gilbert D. Scharf

GILBERT D. SCHARF has been Chairman of the Board, President and Chief
Executive Officer of Maxcor Financial Group Inc. since its inception in
1994. Since April 1993, Mr. Scharf has been a Director and Secretary of
Niagara Corporation, a holding company with operating subsidiaries in
the business of manufacturing cold drawn steel bars. From 1985 to
January 1989, Mr. Scharf was a Managing Director of Lazard Brothers &
Co. Ltd. in London, where he was responsible for establishing and
managing capital market activities. From 1983 to 1985, Mr. Scharf was
the General Partner of Mendez, Scharf & Co., a private investment
partnership. From 1978 to 1983, Mr. Scharf was a Managing Director at
Morgan Stanley, where he managed all corporate and international bond
trading and new issue commitments and the money market department, and
was co-chairman of the risk management committee. Upon consummation of
the company’s August 1996 acquisition of Euro Brokers, Mr. Scharf became
the Vice Chairman of Euro Brokers and is currently the Chairman,
President and Chief Executive Officer of Euro Brokers, as well as of a
number of its subsidiaries. Mr. Scharf earned a BA degree from Duke
University. He is Chairman of the Board’s Executive Committee.