Bruce S. Foerster

Bruce S. Foerster

888 Brickell Key Drive Suite 912
Miami, Florida 33131–2663
www.southbeachcapital.com 305.358.3232 / 8606 fax This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Current Activity
Jan 06–present	South Beach Capital Markets Advisory Corporation Miami President Offer financial, capital markets and corporate governance advice to CEO’s, CFO’s and boards of directors.
Investment Banking	Worked directly with Chairman, President/CEO, Chief Financial Officer and Board of Directors of over 750 issuers of securities in senior positions of leadership responsibility relating to solicitation, structuring, marketing, allocating, pricing, after market trading and profit/loss accountability of 1250 managed underwritten transactions (over 150 of which were IPO’s).
Apr 99–Dec 03	South Beach Capital Markets Incorporated Miami Co–founder and Managing Director Capital Markets South Florida investment bank. Offered corporate financial and strategic advice to CEO’s and boards of directors; institutional equity research and secondary equity market execution services; private placement of equity and debt; expert witness and corporate governance testimony. Member NASD, MSRB, SIPC, SIA.
Jan 95–Mar 99	South Beach Capital Markets Advisory Corporation Miami Beach Founder and President Offered advice on capital markets, corporate finance, financial/investor public relations, investment banking relationship management and initial public offering process and corporate governance. Conducted securities industry expert witness testimony practice, acted as qualified securities industry arbitrator, offered consulting services to securities firms.
Jun 92–Dec 94	Lehman Brothers New York Managing Director Equity Syndicate Recruited to reorganize, manage and integrate U.S. equity syndicate into global new issue operation. Direct reports included retail and institutional marketing, road show group, syndicate operations/registration and international equity syndicate desks. Member equity marketing committee. In transition during 1994.
Sep 84–May 92	PaineWebber Incorporated New York Managing Director Equity Transactions Group/Equity Syndicate Recruited to assume management responsibility for lead and co–managed underwritings. Chairman equity marketing committee and member equity commitment committee, corporate finance fee status committee and Management Council (firm’s senior line managers).
Mar 77–Aug 84	Warburg Paribas Becker/A.G. Becker Paribas New York Managing Director Capital Markets Group (Equity/Fixed Income) Recruited to increase firm’s presence in syndicate business. Managed transition from traditional syndicate function to transaction–oriented capital markets desk to cope with introduction of SEC Rule 415. Member commitment and new issue marketing committees.
Jun 76–Feb 77	H.C. Wainwright & Co. New York Vice President Syndicate Recruited to start syndicate operation at then premier institutional research firm.
Jan 72–May 76	Birr, Wilson & Co., Inc. San Francisco First Vice President Syndicate Regional investment bank/broker–dealer.
Corporate
Jan 04–Dec 05	Aurora Capital, Inc. Sunrise Vice President, Chief Financial Officer and Director Fully integrated Florida sub–prime automotive finance company offering franchise/independent dealer financing; retail sales, rehabilitation/repair; warranty re–insurance and credit life insurance.
Education
1971	University of Pennsylvania, Wharton School of Finance and Commerce M.B.A. Management Information and Control
1963	Haverford College A.B. English
Military Service
1963–1989	United States Navy
Active duty	Officer Candidate and Destroyer School graduate, 5 years at sea–2 years as destroyer department head/senior watch officer, 2 years personal aide/flag lieutenant to Vice Admiral in Washington D.C.
Reserve duty	Naval War College senior officer course graduate, 12 years at sea, 4 years in two command billets; retired with rank of Captain.
Personal	Born Ann Arbor, MI (1941) raised Milwaukee, WI reside Miami, FL Three children Samantha (1973) Otto (1982) Lucy (1984) Interests history stamp collecting spectator sports crossword puzzles

American Stock Exchange New York NY
Exchange Official (89–94)
Member Committee on Securities (90–93)

Aurora Capital, Inc. Sunrise FL
Outside director (95–03; 06–07) CFO and inside director (04–05)
Fully–integrated, sub–prime automotive finance company

Capital Growth Financial, LLC Boca Raton FL
For maintenance of securities industry licenses only; did not fill any management, production or employee role. (Jan-Mar 06)

Bloomberg Radio and Television New York NY
Contributor on capital markets, commercial/investment banking and finance company issues (05–present)

The Bond Club of New York New York NY
Member (77–present) Governor (88–94) Treasurer (79) Field Day Chairman (91)

Cabrera Capital Markets, Inc. Chicago IL
Outside director (07–present)
Investment bank/broker–dealer

Deutsche Bank–NYU Business School New York NY
Investment Banking Training Program
Ad Hoc Lecturer (84–95)

Expert Witness
Securities industry, capital markets and investment banking matters (95–present)

FINRA Dispute Resolution, Inc. Washington DC
Member Board of Arbitrators (96–present)

Foundation Work New York NY
Securities Industry and Financial Markets Association NY District Economic Education Foundation Board of Trustees
Founder (83) Chairman and trustee (83–93) Founding Chairman Emeritus (93)

Fox Business News New York NY
Contributor on capital markets, commercial/investment banking and finance company issues (08–09)

Mako Marine International, Inc. Miami FL
Outside director (96–97)
Sport–fishing and recreational boat manufacturer

Materials for Today's Learning, Inc. Reno NV
Outside director (72–80)
Warehousing, fulfillment, shipping

Miami Design Preservation League Miami Beach FL
Director (02–07)
501(c)(3) organization. Mission: preserve, protect and promote cultural, social, economic and architectural integrity of Miami Beach and greater Miami

Michigan State University East Lansing MI
Eli Broad Graduate School of Management
Visiting lecturer in Investment Banking (98)

Museum of American Finance New York NY
IPO Curator 99 spring exhibit “Going Public–Own a Share of the American Dream”
Member Advisory Board (99–present)

National Investment Bankers
Association Charleston SC
Keynote speaker, Capital Conference (04)

National Association of Securities Dealers New York NY
Committee Work
Corporate Financing (87–94) Chairman (92–93)
Ad Hoc SEC Proposed Rule 144A (89) Ad Hoc Passive Market Making (91–92) Ad Hoc 10b–6 (94)
District 10 Business Conduct (92–93) District 12 Nominating (88) Ad Hoc Trading Practice Rules (94)

New York University New York NY
Stern Graduate School of Business Administration
Investment banking course sponsored jointly with Securities Industry Association NY District
Adjunct Lecturer in Finance (78–94) Course Director (79–81)

Philadelphia Stock Exchange Philadelphia PA
Non–industry Governor seated as part of new board selected by ad hoc corporate governance committee and pursuant to SEC–orchestrated exchange reorganization (97–99). Director Stock Clearing Corporation of Philadelphia (98–99) and director Philadelphia Depository Trust Company (98–99)

Pilgrim America Investments, Inc. Phoenix AZ
Independent outside director/trustee (95–98) of eight mutual funds

Securities Experts’ Roundtable Little Rock AK
Ad hoc group of securities industry expert witnesses.  Member (2004–present), director/co–chair Strategic Planning committee (09–present), chair finance committee (10-present)

Securities Industry and Financial Markets Association New York NY
Founding Editor Capital Markets Handbook (99), Co–Editor of 2nd (00) through 6th (04) editions; annual supplements (05-10)
Committee Work
NY District Executive (81–93) Chairman (83)
Chairman Ad Hoc Group to Prevent Reinstitution of NY Stock Transfer Tax (83)
Congressional Relations (77–79)
Syndicate (80–82; 85–92) Chairman (88–89)
Ad Hoc SEC Proposed Rule 415 (81) Ad Hoc SEC proposed Rule 144A (89)
Economic Education National (79–82) NY district (83–93)
CA District Executive (75–76) Legislative Relations (74–76) Economic Education (73–74)
Curriculum Director of Capital Markets Program (01)
Moderator, Syndicate Committee IPO Rule Changes Panel (04–05); Capital Markets Panel (06)

Securities Industry Institute Philadelphia PA
(at The Wharton School)
Trustee (81–83) Lecturer (81–83, 90)

Technology Flavors & Fragrances, Inc. Amityville NY
Outside director (98–99)
Developer/manufacturer of flavors and fragrances

2Connect Express, Inc. Plantation FL
Outside director and chairman of Debtor in Possession Investor Solicitation Committee (97–98)
Communications specialty retailer

University of Florida Gainesville FL
Warrington College of Business Administration/Hough Graduate School of Business
Visiting lecturer in investment banking (96–03) and capitalism (08–present); Associate Director of Placements and graduate student mentor (03–10)

University of Miami Miami FL
School of Law
Adjunct lecturer in investment banking (78–82)

Acknowledgments
Ernest Bloch author in preface to Inside Investment Banking Irwin Business 1989
Charles J. Johnson Jr., Esquire author in preface to Corporate Finance and the Securities Laws Prentice Hall 1990
Jay R. Ritter author in chapter footnote in Handbook of Modern Finance Warren Gorham & Lamont 1998 in monograph “thank you” in The Seven Percent Solution 1998