David A. Taft

DAVID A. TAFT is the President of IBS Capital Corporation, an investment
bank incorporated in the state of Massachusetts. Through IBS Capital
Corporation, Mr. Taft manages an ‘Event-Driven’ hedge fund, which
focuses primarily on distressed, defaulted and deeply discounted assets
in the United States and abroad. Mr. Taft founded IBS Capital
Corporation in 1990 after spending five years with Drexel Burnham
Lambert as a Vice President in the Corporation Finance Group. Prior to
joining Drexel Burnham Lambert in 1985, Mr. Taft worked for a total of
five years in the Corporate Finance departments of Winthrop Financial
(1983-1985) and Merrill Lynch (1979-1981). He graduated cum laude from
Amherst College with a double major in Economics and Political Science
in 1979 and earned his M.B.A. from The Amos Tuck School at Dartmouth
College in 1983. Mr. Taft has over 18 years of experience in the capital
markets and is a member of The Boston Security Analysts Society and the
Association for Investment Management and Research (AIMR). He formerly
was a registered representative in securities as well as commodity and
financial futures while he was employed by the broker/dealers mentioned
above. Mr. Taft speaks regularly at industry investment conferences and
professional gatherings both in the United States and abroad. He
recently chaired a panel on Event-Driven Investments at a Tass
Management conference in Oxford, England.