Roger Widmann is CEO of Cutwater Associates, LLC. From 1996-2004, he was a Principal of the investment banking firm of Tanner & Co., Inc., providing advice and negotiation and evaluation services to corporations ranging from Fortune 200 companies to mid-sized firms. From 1986 to 1995, he served as a Senior Managing Director of Chemical Securities Inc., a subsidiary of Chemical Banking Corporation (now JPMorgan Chase Corporation), and established the Bank's fee-based corporate finance business in 1986. In addition to his responsibilities in the U.S., he was responsible for projects ranging from South America to Eastern Europe and the Middle East. Prior to joining Chemical, Roger was a founder and CEO of First Reserve Corporation, the largest independent energy investing firm in the U.S. He also served as Senior Vice President with Donaldson, Lufkin & Jenrette, and was responsible for the firm's domestic and international investment banking business, and has also been a Vice President with New Court Securities Corporation (now Rothschild, Inc.), completing a series of venture capital and merger and acquisition transactions. Roger began his career in 1964 as an SEC trial attorney. Roger is Chairman of Keystone National Group, a fund of venture and private equity funds, and was previously Chairman of Lydall, Inc., a manufacturer of thermal, acoustical and filtration materials. He is also Chairman of Cedar Realty Trust in Port Washington, NY, a real estate investment trust, and Standard Motor Products in Long Island City, NY. He was a director of First Reserve Corporation, Greenwich, CT from its inception in 1980 until December 1995, Paxar Corporation, White Plains, NY from 2004 to 2007 and Weatherford Enterra, Houston, TX from 1993 to 1998. Roger has served as a senior moderator of the Aspen Seminar at the Aspen Institute since 1990 and of the Liberty Fellowship, Greenville, SC, since 2004. He is a Vice Chair of Oxfam America. Roger earned a B.A. degree from Brown University, cum laude, and a J.D. Degree from Columbia Law School.