Hilary Kramer

Hilary Kramer is the Finance Editor for Amercia Online. She is a frequent public speaker on financial planning, investment management and the global markets, and is on the Wall Street Journal's Women in Business Advisory Board. She is a columnist for the New York Post, and has contributed to the Wall Street Journal, the Fox News Channel website and Techcentral.com. Hilary was also a commentator and business analyst at the Fox News Channel and CNBC.

Ms. Kramer has extensive expertise in global financial management, asset allocation, investment banking, and private equity ventures. She began her career in investment banking as a financial analyst at Morgan Stanley developing technical models to analyze and develop a full range of capital market products for companies in the industrial, transportation, and technology sectors. These products included preferred and common stock, fixed income and interest rate and currency swaps. She also worked in the capital markets division analyzing equity and options trading strategies for institutional accounts.

After graduating from the Wharton School of Business, Ms. Kramer was an assistant brand manager in the Betty Crocker division of General Mills where she coordinated trade and promotional programs, product improvement, packaging and budget plans for the group's flagship brands. Ms. Kramer returned to investment banking in 1992 and joined Lehman Brothers as investment banking associate where she prepared financial analyses, valuations, and proposals and participated in due diligence and prospectus preparation for public equity and debt offerings. She also assisted the Head of Strategic Planning and Investment Banking with financial and operations management for the global division.

Between 1994 and 2002, Ms. Kramer expanded her global and private equity investment experience at the Cisneros Group. With over 70 companies in 39 countries and annual revenue of $4.0 billion, the Cisneros Group of Companies is one of the largest privately held broadcast, media, technology, consumer products and telecommunications organizations in the world. As Senior Managing Director, Ms. Kramer managed the New York operations, working on investment strategies as well as execution of the Group's private equity investments, joint venture partnerships and acquisition initiatives.

Ms. Kramer also served on the Board of Directors of the Ibero American Media Partners' Fund (IAMP). Established in 1997 and jointly owned by Hicks, Muse, Tate & Furst, Inc. and the Cisneros Group, this was a $500 million private equity fund focused on media and broadcast investments,. Ms. Kramer also served on the Board of Directors of RSL Communications, Connectadas and Claxson Interactive Group Inc, one of Latin America's most successful

multiplatform programming companies comprised of 14 pay television channels, Ibero-American Radio Chile, AEI Music Latin America, an investment in ArtistsDirect.com and El Sitio.

Until February 2003, Ms. Kramer served as Chief Investment Strategist and Advisor at Montgomery Asset Management, a global money management firm with $7.5 billion in assets under management and 150,000 individual and institutional clients. Ms. Kramer graduated cum laude from Wellesley College with a BA in Political Science and Latin American Studies in 1986 and received her MBA in finance and marketing from the Wharton School at the University of Pennsylvania in 1991.