Executive Profile

Alexander M. Clark Managing Director and Head of Insurance Banking, Madison Williams and Company LLC

Age	Total Calculated Compensation	This person is connected to 4 Board Members in 4 different organizations across 5 different industries. See Board Relationships
78	--

Background

Mr. Alexander M. Clark, Alex serves as Managing Director and Head of Insurance Banking at Madison Williams and Company LLC. Mr. Clark served as Managing Director of Financial Services and Insurance of Madison Williams and Company LLC (SMH Capital Inc.) since April 2006. He has more than 25 years of experience in raising capital for clients in public and private markets, merger and acquisition transitions, valuation and fairness opinions and other financial advisory assignments. ... He has focused on insurance from multiple perspectives. From October 1993 to February 2006, Mr. Clark served as Managing Director at Advest Corporate Finance. From January 1990 to September 1993, he served as Senior Vice President of Gramercy Partners and from November 1987 to January 1990, he served as Senior Vice President at McKinley Allsopp, Inc. He served at Kidder Peabody & Co., and Dean Witter & Co. Mr. Clark served as President and Chief Executive Officer of John Alden Life Insurance Co. of New York, and was extremely familiar with the industry from the client side. Early in his career, he developed the basic methodology for Generally Accepted Accounting Principles for life insurance companies. Mr. Clark has been a Director of Unity Financial Life Insurance Company, an affiliate of Unity Mutual Life Insurance Company, since 2002. He has also been a Director of Great American Life Insurance Company of New York, a subsidiary of Great American Financial Resources, Inc., since 2001 and AINIC since its inception in 1997. Mr. Clark has been a Director of SMH Capital Inc.'s New York life subsidiary since August 2005, Penn Treaty American Corporation since 1999 and Pennsylvania National Insurance Group since 1989. He also serves as a Director of Penn National Insurance. He has been a Director at American Equity Investment Life Holding Co. and American Equity Investment Life Insurance Company since 2007. Mr. Clark holds a degree in Business Administration from Dartmouth College and a Master of Business Administration from Harvard Business School, pursued further studies at Brown University and is a Chartered Financial Analyst.

Corporate Headquarters 527 Madison Avenue New York, New York 10022 United States Phone: 212-317-2700 Fax: -- Board Members Memberships Director Pennsylvania National Mutual Casualty Insurance Company 1999-Present Director, Chairman of Audit Committee, Member of Nominating & Corporate Governance Committee and Member of Executive Committee Penn Treaty American Corp. 2007-Present Director American Equity Investment Life Holding Co. 2007-Present Director American Equity Investment Life Insurance Company Education MBA Harvard Business School Unknown/Other Education Dartmouth College Bachelor's Degree Dartmouth College Unknown/Other Education Brown University Other Affiliations Penn Treaty American Corp. Pennsylvania National Mutual Casualty Insurance Company Harvard Business School Advest, Inc. American Equity Investment Life Holding Co. Dartmouth College Brown University American Equity Investment Life Insurance Company Advest, Inc., Research Division

Annual Compensation There is no Annual Compensation data available. Stocks Options There is no Stock Options data available. Total Compensation There is no Total Compensation data available.

COMPETITOR COMPENSATION

There is no Competitor Compensation data available.