Mr. Gerard is the General Partner and Investment Manager of GFP, L.P., a private investment partnership. From 2004 to 2011, Mr. Gerard was Chief Executive Officer and Chairman of the Management Committee of Royal Street Communications, LLC, a licensee, developer and operator of telecommunications networks in Los Angeles and Central Florida. From 1977 until his retirement in 1991, he held senior executive positions with the investment banking firms Morgan Stanley & Co., Dillon Reed & Co., and Bear Stearns. From 1974 to 1977, Mr. Gerard served in the United States Department of the Treasury, completing his service as Assistant Secretary for Capital Markets and Debt Management. Mr. Gerard is a graduate of Harvard College and holds Masters of Arts and Juris Doctor degrees from Columbia University.