ROUNDTABLE FORUM: ENGINEERING & CONSTRUCTION

Industry & Services >> Sector Roundtables >> December 15, 2008

Tahira Afzal is a Director, Equity Research Analyst with KeyBanc Capital Markets Inc. With the company since April 2007, her research coverage is focused on construction, engineering and infrastructure companies. Ms. Afzal previously worked for Lehman Brothers, most recently assisting with the coverage of imaging technology stocks. Prior to that, she served as a Research Associate in the engineering and construction space. Other previous employment includes managing an economics research team at ABN AMRO Bank, and working as an Investment Analyst at Jardine Fleming (J.P. Morgan), both in Pakistan. Ms. Afzal’s undergraduate degree is from Corpus Christi College at Oxford University in England, where she received honors in her study of solid state physics. She also earned a Master of Business Administration from the University of North Carolina, Chapel Hill. In their May 2012 Best Brokerage Analysts survey, the Financial Times/StarMine recognized Ms. Afzal as the number three stock picker in the construction and engineering industry. In Institutional Investor's 2009 All America Research Team edition, Ms. Afzal was named the best up-and-comer in the engineering and construction sector. Profile

Richard S. Paget is a Managing Director and the Associate Director of Equity Research at Morgan Joseph & Co. Inc. Prior to joining the firm, he was an Associate in Equity Research at Banc of America in the telecom sector. He is a CFA charterholder, and received an MBA in Accounting and Finance from Kellogg School of Management, Northwestern University and a BA in Asian Studies from Trinity College. Profile

TWST: Tahira, how has the engineering and construction group reacted to what has

gone in the economy?

Ms. Afzal: It's underperformed the S&P and the S&P has obviously not done well

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ROUNDTABLE FORUM: ENGINEERING & CONSTRUCTION

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