Meet the Sage Brokerage Holdings Team

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  Chairman of the Board

  Doug Engmann, a former options market maker, has more than 35 years experience in the trading world. He was the co-founder of Sage Clearing Corporation, one of the largest clearing firms for options market makers. He also was the co-founder of PreferredTrade, which was one of the leading online firms for options traders. Sage was sold in 1998 to ABN AMRO and PreferredTrade was sold in 2005 to Fimat (later Newedge USA). He also served as CEO of ABN AMRO Clearing, a global division of the prime brokerage, futures and professional securities businesses of the bank. At Fimat Preferred (later Newedge), he served as Head of North American Equities and pioneered the adoption of customer portfolio margin in the industry under the 2005 SEC pilot program. Fimat Preferred was one of the first brokers to offer customer portfolio margin under the fully approved rules in 2007. A former Board member of the OCC and NSCC, Doug is recognized as a leader in the industry and as an authority on options trading and clearing, portfolio margining, risk management and securities regulation.

  
  
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  Board Member

  Patrick Blackburn will bring his extensive experience and expertise to the Board and provide assistance to management on execution strategy. Patrick was Head of Merrill Lynch's Broadcourt Execution Services from 2004 to 2008 and Head of Professional Execution Services for ABN AMRO from 1997 to 2004. Currently he is a consultant with Oyster Consulting, a securities compliance firm.

  
  
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  Board Member

  Neil Stipanich will serve as SageTrader's Technology Consultant. He has been responsible for the development of the Sage Clearing and PreferredTrade software. He was a Partner and the CTO for both Sage and PreferredTrade between 1984 and 1998. While at ABN AMRO Sage from 1998-2004 and Fimat Preferred from 2005-2008, he continued to enhance and grow the capabilities of both systems. The daily reports that SageTrader customers can access have represented the top standard in risk and position management for active traders for more than 25 years.

  
  
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  Board Member

  Mitch Cone has been employed as a credit analyst since 2008 and is a Limited Partner at a private, Chicago-based hedge fund, TLPTrading. Prior to joining TLP, Mr. Cone was a credit analyst and Managing Director of Convertible Research at hedge fund, Citadel Investment Group, where he was employed for nearly ten years. Before joining Citadel, Mr. Cone was employed by The Franklin/Templeton Group where he was a Portfolio Manager of the Franklin Convertible Securities Fund for nearly five years and, before that, was an equity analyst responsible for a variety of consumer and capital goods industries. He was also a management trainee and worked in various municipal bond and customer service departments. He obtained his Chartered Financial Analyst credential while at Franklin/Templeton and obtained his bachelor's degrees in Economics and Sociology from the University of California, Berkeley.