Financial Services >> CEO Interviews >> August 2, 2004

GAIL SENECA – LUMINENT MORTGAGE CAPITAL INC (LUM)

GAIL P. SENECA is Chairman of the Board of Directors and Chief Executive Officer of Luminent Mortgage. She is the Chief Investment Officer and Managing Partner of Seneca Capital Management, LLC. Prior to founding Seneca Capital Management, LLC, in 1989, Ms. Seneca served as Senior Vice President of the Asset Management Division of Wells Fargo Bank from 1987 to 1989, where she managed assets in excess of $10 billion. Before Wells Fargo, Ms. Seneca was a Chief Investment Strategist for Chase Lincoln First Bank from 1983 to 1987. Ms. Seneca attended New York University, where she earned BA, MA and PhD degrees. Profile
TWST: Please begin with a brief historical sketch of Luminent Mortgage

Capital, Inc., and a picture of the things you are doing at the present

time.

Dr. Seneca: Our company was organized in