Carl T.Delfeld is President of Chartwell Partners and its financial publishing arm Chartwell ETF.  Also a columnist with Forbes, Carl provides research and investment expertise for Asia and emerging markets.  He is the author of "Red, White & Bold: The New American Century," and four additional books on global investing.  Prior to joining Main Management's Advisory Board, Carl was the U.S. Representative of the Executive Board of Directors at Asian Development Bank, an emerging markets consultant for the U.S. Treasury and international economist with the U.S. Congressional Joint Economic Committee, Vice President of Asian markets with investment bank Robert W. Baird & Company, and head of Japan & South Korea desk at The First National Bank of Boston.  Carl was a member of the U.S. National Committee on Pacific Cooperation, founded the economic strategy think tank, America Unbound, and the U.S. Council on Emerging Markets.  He is a graduate of the Fletcher School of Law & Diplomacy and studied at Sophia University & Keio University in Tokyo, Japan.

R. Stephen Doyle is a founding partner of Main Management, LLC and currently serves as a Managing Director. He began his career in 1974 at E.F. Hutton where he later became a vice president. Mr. Doyle joined Montgomery Securities in 1983. He was founder and Chairman of Montgomery Asset Management; a global investment management firm established in 1990 as an independent affiliate of Montgomery Securities. Under Mr. Doyle's leadership, Montgomery grew to over $13 billion. He also served as Chairman of the Board of Trustees of the Montgomery Funds, a $5 billion mutual fund complex. In 1997, Mr. Doyle successfully negotiated the sale of a majority stake in Montgomery to Commerzbank, Germany's 3rd largest bank. He served as Chairman of the Board of Montgomery Asset Management from January 2000 to May 2001 and Chairman Emeritus from May 2001 to December 2001. Mr. Doyle is currently on the boards of StorCard Inc., Capton Inc. and The Basic Fund, a charitable organization based in San Francisco.

Michael E. Fisher retired as a Managing Director in 2007 from Barclay's Global Investors.  Previously, during a career spanning more than 40 years in financial services, he was affiliated with Northern Trust Company, Pacific Mutual Life and its subsidiary PIMCO, Chase Investors Management, Bankers Trust Company, Equitable LIfe and Strong Capital Management.  Over the years he served as a director/trustee for a number of charitable organizations and currently is Chairman of the Board for his alma mater, Bryant University.  He completed certificate programs in financial management at Stanford University and The Wharton School at the University of Pennsylvania.

H. Robert Heller, a former Governor of the Federal Reserve System and President of VISA U.S.A., has had a distinguished career in business, government and education. After obtaining his Ph.D. in economics from the University of California at Berkeley, he began his career as a professor of economics at UCLA. He then became Chief of the Financial Studies Division of the International Monetary Fund in Washington DC. After that, he joined Bank of America in San Francisco as Senior Vice President and Director of International Economic Research. Mr. Heller was appointed by President Reagan as a Member of the Board of Governors of the Federal Reserve System. At the Federal Reserve he served as the Administrative Governor with responsibility for the overall management of the Federal Reserve Board. He also served as Chairman of the Committee on Bank Supervision and Regulation, as Vice-Chairman of the Federal Financial Institutions Examination Council, and as the U.S. delegate to the Economic Policy Council of the OECD in Paris. Returning to the private sector, he joined VISA International as Executive Vice President for Finance, Risk Management, Audit and Security. Two years later, he was elected President and CEO of VISA USA., with overall responsibility for the nation’s largest retail card payments system. Under his leadership VISA acquired the PLUS and INTERLINK systems. Most recently, he was a member of the Board of Directors and Executive Vice President of the Fair Isaac Corporation (FIC), the world’s leading credit analysis firm. He also served as as Chairman of the Board of Directors of Marin General Hospital. He is a member of the Board of Directors of Sonic Automotive Inc. (NYSE), Bank of Marin (NASDAQ) and the Eton Corporation. He also serves on the Advisory Board of PAX Scientific. He has published seven books and hundreds of articles and is a frequent guest commentator on CNBC and Bloomberg.  He also serves currently as the Commodore of The San Francisco Yacht Club.

Werner E. Keller, CFA began his Wall Street career over 40 years ago as an analyst with Standard & Poor’s. He subsequently held the position of Director of Research at three NYSE member firms, the latest of which was Bateman Eichler, Hill Richards in Los Angeles from 1984 to 1991. As a portfolio manager, he managed a NYSE-listed closed-end REIT fund and, in 1991, founded Centurion Capital Management in Los Angeles, which grew to manage over $2 billion of client assets. In 2001, Centurion was acquired by General Electric Capital (now Genworth).  Werner is a student of the historical trends in finance and has always been drawn to the quantitative/technical aspects of the securities markets. He has taught courses in portfolio management and investment analysis at UCLA Extension, published several academic articles on quantitative investment topics, and has appeared on CNN, CNBC, as well as all of the LA– based television stations. He holds a Masters of Arts degree from Northwestern University, and was awarded a CFA charter in 1978. He currently serves as an independent trustee for the more than 150 mutual funds within the Rydex Investments fund complex.

Tom McManus joined Lazard as Chief Market Strategist in April of 2010.  Previously the former Chief Investment Officer of Wells Fargo Advisors. Previously he spent 10 successful years as Managing Director and Chief Investment Strategist at Banc of America Securities LLC. Before joining Bank of America, Mr. McManus was a senior member of the global strategy and economics department at Morgan Stanley, where he developed several stock indices, including the Nifty 50 (NFT), MS Cyclical (CYC) and Consumer (CMR) indices, for use in conjunction with his equity strategy recommendations. Mr. McManus also served as the chief U.S. investment strategist at NatWest Markets Prior to his tenure at Morgan Stanley, Mr. McManus worked at Goldman Sachs in institutional equity sales. He was named "Guru of the Year" in 2001 by TheStreet.com based on the prescience of his strategy recommendations in 2000, and was selected three times as a member of the Institutional Investor All-Star equity research team. Mr. McManus earned his B.S. in Operations Research from Columbia School of Engineering and Applied Science, and is currently a member of the advisory board for the School's Masters degree program in Financial Engineering.

Peter Mullin recently served as Chairman Emeritus of MullinTBG, the nation’s largest independent executive benefits services and solutions provider prior to its sale to Prudential in October of 2008. Before forming MullinTBG in 2006, Mr. Mullin served as Chairman of Mullin Consulting, Inc., a leading non-qualified benefits firm he founded in Los Angeles in 1969. He is also co-founder and Chairman of the Board of M Financial Holdings Incorporated (M Financial), a network of independent firms serving the financial and life insurance needs of corporations, executives and affluent individuals. Mr. Mullin serves on numerous boards, including the Avery Dennison Corporation Board of Directors, the Gene Autry Heritage Museum National Advisory Board, the Guggenheim Foundation Advisory Board, the Hospital of the Good Samaritan and The UCLA Foundation Boards of Trustees. He is Chairman of The Music Center Foundation of Los Angeles, as well as past Chairman of the Board of Visitors of the John E. Anderson Graduate School of Management at UCLA. Mr. Mullin is also involved in the Archdiocese of Los Angeles, serving on the Board of Trustees and the Executive Committee of the Education Foundation.

John P. Waterman - Emeritus, CFA joined Rittenhouse Asset Management, a subsidiary of Nuveen Investments, in October 1993 as a portfolio manager and became Chief Investment Officer in December 1997. He played a key leadership role in the growth of the firm to assets in excess of $18 billion at the peak. John recently retired from Rittenhouse Asset Management as part of a transition plan initiated in April 2005. From 1987 to 1993, Mr. Waterman worked for several middle market investment banking firms (initially at CoreStates, and then Strategic Corporate Finance Advisors, Inc. (founded by John P. Waterman and sold to HL&CO.), and Howard, Lawson & Co. in the Philadelphia area with a focus on mergers and acquisitions, private placements, and business valuation. From 1976 to 1987, he worked in international banking for CoreStates Financial Corp. (formerly The Philadelphia National Bank) and the Irving Trust Company. John earned his B.A. in History from Williams College, his M.A. in International Relations with a concentration in international economics at the Fletcher School of Law and Diplomacy at Tufts University and his M.B.A. at the Wharton business school. John Waterman is a Trustee and member of the Executive Committee and Investment Committee of the Church Foundation, he is head of the Investment Committee for the United Way of Southeastern PA, and acts as Treasurer, Head of the Finance Committee, and a member of the Executive Committee for the Montgomery School in the Philadelphia suburbs.