H. David Shea, CFA

141 Minuteman Road

Ridgefield, Connecticut06877

Home: (203) 431 – 1937 Email:

SUMMARY

Disciplined, quantitative investment management professional with solid experience designing and developing global equity investment processes and products. Directly involved in portfolio construction, risk-, characteristic- and performance-analysis and investment decision making processes. Experienced in all aspects of quantitative model development, factor research and alpha construction. Have successfully built and led quantitative research and investment technology teams. Skilled in the design, implementation and use of a wide array of software, systems and data services required to support investment management and quantitative research.

PROFESSIONAL EXPERIENCE

Citigroup Asset Management, Stamford, CT

Director, Quantitative Research2000 - 2005

Managed quantitative research team supporting actively managed global equity products. Member of Global Equity portfolio management team responsible for 12products representing US$4B assets under management. Provided guidance and coordination for and actively participated in the research and development of new global equity products. Guided re-engineering efforts involving the Investment Research Technology team and the core investment research support database.

  • Drafted responsibilities for quantitative team members deployed onto active equity teams. Established mechanisms for maintaining and leveraging centralized quantitative capabilities while team members were directly responsible to product-focused teams located in Stamford, London, Melbourne and Tokyo
  • Championed leveraged approach to building investment processes and managing and monitoring portfolios. Worked with senior management, regional and global investmentteams and quantitative researchers to establish best practices, standard research framework and cross-product reports and monitoring tools
  • Worked on the development of three new products which directly leveraged the broad global equity investment process: a set of systematic, multi-region, low tracking error products, an EAFE ADR model portfolio employed in separate account replication, and a Global Equity Enhanced-Yield product
  • Restructured the Investment Research Technology team to better meet investment business requirements
  • Re-architected centralized investment management research database

Independence Investment Associates, Inc., Boston, MA

Senior Vice President, International Equities1997 - 2000

Member of international equity team. Researched, tested and implemented single factor international equity models. Researched and implemented methods for integrating single factor models into risk controlled, multi-factor framework. Participated in marketing active international equity products.

  • Expanded research on various aspects of international market segment performance, focusing on style and factor performance in size, valuation, momentum, fundamental improvement and economic sector areas
  • Increased vendor coverage to include MSCI, IBES, BARRA, FT, DJ/STOXX, CRSP and Compustat
  • Integrated BIA global equity research database with systems in place at IIA

Boston International Advisors, Inc., Boston, MA

Vice President, International Value Team1993 - 1997

Member of international value product team. Implemented and enhanced single factor, value-oriented models for forming style index portfolios. Participated in value-oriented product marketing. Performed research on various aspects of investment style performance in international equity markets. Maintained vendor relations and accounts for data, hardware and software.

  • Designed and developed database to support international equity markets quantitative research
  • Designed and developed software to support generalized, multi-faceted times series portfolio simulations
  • Integrated research and simulation systems with optimization, performance analysis and accounting systems
  • Represented BIA in joint venture with Morgan Stanley and Capital International to produce the MSCI International Style Indexes. Represented BIA in joint venture with Dow Jones Global Indexes. These efforts funded the hardware, software and data expenses for the research environment

H. David Shea, CFAPage 2 of 2

(203) 431 – 1937

Massachusetts Financial Services Company, Boston, MA

Associate Vice President, Investment Operations Research1989 - 1993

Management and software engineering to support investment services.

  • Directed firm-wide project to consolidate out-sourced systems via conventional relational database systems
  • Developed in-house object-oriented database system to support in-house developed back-office systems
  • Developed programming interface for object-oriented database system

Oracle Corporation, Boston, MA

Senior Consultant, Database Consulting Services1987 - 1989

Designed, developed and managed turnkey database systems for varied client base.

  • Clients included: Putnam Investments (compliance system), Harvard Management Company (trading support system), Eastman Kodak Company (transportation management system), Xerox Corporation (services tracking system)

ADDITIONAL PROFESSIONAL EXPERIENCE

An associate position in the Behavioral Neurosciences Laboratory at the Massachusetts Institute of Technology in Cambridge, MA conducting database design and development. An engineering role within the Missile Systems Division at the Raytheon Company in Wayland, MA programming missile control radar systems. Supported myself financially throughout college by working part time during terms and full time during breaks predominantly for the Massachusetts Department of Employment Security conducting computer facilities risk assessment and documentation.

EDUCATION

Bachelor of Science, Cum Laude, Computer Science, TuftsUniversity, Medford, MA

PROFESSIONAL DESIGNATIONS AND MEMBERSHIPS

Charterholder, Chartered Financial Analyst designation

Member, CFA Institute (formerly Association for Investment Management and Research)

Member, Stamford CFA Society

Member, Professional Risk Managers' International Association (PRMIA)

PUBLICATIONS

Shea, H.D. “An Analysis of U.S. and Non-U.S. Equity Style Index Methodologies.” In T.D. Coggin and F. Fabozzi, eds,. The Handbook of Equity Style Management, Third Addition, Hoboken, NJ: Wiley Publishers, Inc., 2003

IIA Global Style Digest, Monthly electronic publication distributed via e-mail and available at Responsible for research and production through March 1999. Responsible for research, development and production from March 1999 through April 2000.

Arshanapali, B., T.D. Coggin, J. Doukas, and H.D. Shea. “The Dimensions of International Equity Style.” Journal of Investing, Spring 1998, pp. 15-30.

Umstead, D.A., M.P. McElroy, H.D. Shea, D. Fogarty. “Style Indexes: Powerful Tools for Building Global Stock-Selection Models.” In J. Lederman and R. Klein, eds., Quantitative Investing for the Global Markets: Strategies, Tactics, and Advanced Analytical Technologies, Chigago, IL: Glenlake Publishing Company, Ltd. and Fitzroy Dearborn Publishers, 1997.