Scott A. Chapman

SCOTT A. CHAPMAN joined Lateef Management Associates in March 2002 as a
Senior Portfolio Manager. He brings to Lateef Management over 20 years’
experience performing investment analysis, managing portfolios and
investment professionals. Mr. Chapman shares LMA’s investment philosophy
of selecting undervalued businesses that are highly profitable, have a
sustainable competitive advantage and possess outstanding management. He
enjoys the fulfillment of making a positive difference in building
clients’ capital. Prior to joining Lateef Management, Mr. Chapman was a
Senior Portfolio Manager, Large-Cap Team Leader and Director of Research
from 1998 at Founders Asset Management in Denver where he managed the
Dreyfus Founders Growth Fund, Dreyfus Founders Focus Fund, the domestic
portion of the Dreyfus Founders Worldwide Fund and several separate
accounts and sub-advised funds. From 1991 to 1998, he was the Director
of Growth Strategy for San Francisco-based HighMark Capital Management,
Inc., a subsidiary of Union BanCal Corporation where he designed and
managed the investment discipline for the HighMark Growth fund that
earned a top five-star rating by Morningstar rating agency. Mr. Chapman
taught investment principles to CFA candidates in San Francisco for
seven years. He also developed and instructed investment seminars called
‘Lessons from the Masters’ which profiled the investment principles and
case studies of stocks used by Warren Buffett, Peter Lynch and John
Templeton. His previous positions included a Securities Analyst with
McCullough, Andrews & Cappiello and a Senior Financial Analyst with
Cooper Development Company and Castle & Cooke, Inc. Mr. Chapman earned
an MBA degree in Finance from Golden Gate University and a Bachelor’s
degree in Accounting from Santa Clara University. Additionally, he is a
Chartered Financial Analyst and a member of the Security Analysts of San