Evan M. Marks has served as President of THCG Ventures LLC, a subsidiary of THCG, since January 1, 2000, as Executive Vice President of THCG from August 9, 2000 to December 31, 2000 and has served as President and Chief Operating Officer of THCG since January 1, 2000. Effective April 1, 2001, Evan Marks resigned from the positions of President and Chief Operating Officer of THCG and as President of THCG Ventures. He will, however, remain a member of the Company's Board of Directors. Mr. Marks is also the managing member of Alben Asset Management LLC ("Alben"), a private investment company based in New York. Prior to forming Alben in 1998, Mr. Marks was in partnership with George Soros from 1992 to 1998 as the President of G. Soros Realty, Inc. Prior to his association with Mr. Soros, Mr. Marks was a Managing Director of Wasserstein Perella & Co. and a principal in the real estate investment group of Lazard Freres & Co.