Gregory W. Serbe

GREGORY W. SERBE is President of Lebenthal Asset Management, a division
of Boston Advisors, Inc., and a Senior Vice President of Boston
Advisors, Inc. Boston Advisors is the asset management division of
Advest, Inc., which is a member of AXA Financial. He is the Senior
Portfolio Manager for municipal bond securities. Lebenthal Asset
Management manages the Lebenthal family of mutual funds, and on a
discretionary basis, manages both taxable and tax-free fixed income
securities for high net worth individuals and institutions. Mr. Serbe
joined Lebenthal in 1997. During 1998 and 1999, he was a Trustee of the
Lebenthal 401(k) profit sharing plan. Prior to coming to Lebenthal, Mr.
Serbe was Managing Director of Municipal Securities for Mitchell
Hutchins Asset Management, Inc., a wholly owned subsidiary of
PaineWebber, Inc. While there he was responsible for all municipal
assets. During his tenure from 1983 to 1996, he started eight open and
closed end funds, started the municipal bond wrap fee program, and
coordinated the integration of all Kidder Peabody Municipal Funds into
Mitchell Hutchins after the merger of Kidder Peabody into PaineWebber.
During that time period, the assets under management grew from $78
million to $4.5 billion. From 1981 to 1983, Mr. Serbe worked for
Provident Institutional Management Co., Inc. He was responsible for
municipal credits, trading and marketing of four municipal money funds
and one intermediate term bond fund. The funds were distributed through
Shearson and Provident Bank Trust Department. He started the very first
California money market fund. From 1967 to 1981 he worked at the First
National Bank of Chicago. After a training program he worked in the Bond
Department. He started the tax-exempt note department, and was the top
salesman in portfolio sales, tax-exempt commercial paper and tax-exempt
notes. He is a past chairman of the National Municipal Bond Buyers’
Conference. Mr. Serbe has a BA from Yale University in History, an MBA
from the University of Chicago in International Finance, and a License
en Sciences Economiques Appliquees from Louvain University, Belgium.