SecondMarket Names First CFO

Greg Bresner has joined SecondMarket as its first chief financial officer and head of data and analytics. He previously was COO of House Party Inc.

PRESS RELEASE

SecondMarket, the largest secondary market for illiquid assets, announced today that Greg Besner has joined the firm as Chief Financial Officer (CFO) and Head of Data and Analytics. Besner, who previously was the Chief Operating Officer at House Party, Inc., will oversee all financial reporting, budgets, metrics and human resources at SecondMarket. He also will explore new revenue opportunities related to proprietary transaction data and illiquid asset information developed by SecondMarket. Besner is the New York-based company’s first CFO.

“We are excited that Greg agreed to join us as CFO and Head of Data and Analytics,” said SecondMarket CEO Barry Silbert. “Greg has been tremendously supportive of SecondMarket’s vision from the very beginning when he served as one of our first advisors. With his breadth of knowledge and experience, Greg is the right person to help guide SecondMarket and he will be an important part of our management team.”

Prior to joining House Party, Besner was the Founder and Chief Executive Officer of Computershare Executive Services, f/k/a Restricted Stock Systems. In 2007, he sold Restricted Stock Systems to Computershare Limited, and he remained as President until January 2009. Prior to his work with Restricted Stock Systems, Besner worked at Merrill Lynch and Goldman Sachs.

“As a longtime advocate of SecondMarket, I am thrilled to be coming on board,” said Besner. “I have seen SecondMarket’s incredible growth over the past few years, and I am excited to be joining an innovative organization that is well on its way to becoming the global platform for trading illiquid assets.”

Besner was selected as the Ernst & Young 2003 Entrepreneur of the Year for Emerging Growth Companies in New Jersey, and he is a member of the Young Presidents’ Organization (YPO). In addition, Besner previously served on the Board of Advisors of SecondMarket. He earned his M.B.A. from The Wharton School of the University of Pennsylvania and received his B.A. from Rutgers University.

About SecondMarket

Founded in 2004, New York-based SecondMarket is the largest secondary market for illiquid assets, including private company stock, limited partnership interests, auction-rate securities, bankruptcy claims, collateralized debt obligations, residential and commercial mortgage-backed securities, asset-backed securities, warrants/restricted stock and whole loans. SecondMarket, which conducted $2 billion in transactions in 2009, has more than 10,000 participants including global financial institutions, regional and community banks, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors. SecondMarket’s shareholders include FirstMark Capital, New Enterprise Associates (NEA), SVB Financial Group /quotes/comstock/15*!sivb/quotes/nls/sivb (SIVB 50.29, -0.47, -0.93%) , the Li Ka-Shing Foundation and Dunearn, a subsidiary of (Singapore) Temasek Holdings. SecondMarket is a registered broker-dealer (Member FINRA, MSRB and SIPC). For further information, please visit www.SecondMarket.com.