Prior to co-founding Marathon in 1998, Mr. Hanover was a managing director at Smith Barney, where he was respon- sible for all trading and risk management in the global emerging markets debt trading division. Earlier, Mr. Hanover was a director of the global emerging markets debt and foreign exchange de- rivatives trading division at Merrill Lynch. In 1991, he pioneered the use of warrants on a basket of Latin American equities at Nomura Securities. Mr. Hanover previously traded European sovereign debt futures at First Chicago Capital Markets and was a floor trader at the Chicago Board of Trade. Mr. Hanover received a BA degree in economic history from the University of Chicago and an MBA from the Graduate School of Business at the University of Chicago.