Kenneth Michael deRegt

Mr. deRegt is Chief Risk Officer at Morgan Stanley. Previously, he was a senior advisor of Aetos Capital, providing oversight in areas of investment strategy, overall operations and risk management. Prior to joining Aetos Capital in January 2003, Mr. deRegt headed the Fixed Income, Currencies and Commodities businesses for Morgan Stanley. He was a member of the Firm's Management Committee and had a variety of responsibilities relating to different Fixed Income businesses, including the Firm's Government Securities business and certain international businesses. Mr. deRegt is a graduate of Stanford University. He currently is the Chairman of the Board of Trustees of Eagle Hill School. He is also a member of the Board of Trustees of PASE - The Partnership for After School Education.