NERA Announces Officer-Level Promotions and Appointment of New Practice Chairs

25 February 2010

New York -- NERA Economic Consulting, a leading global provider of economic advice and analysis in business, legal, and regulatory matters, announced today the appointment of two new practice chairs and three officer-level promotions.

In NERA's Global Energy, Environment, and Network Industries (EEN) Practice, Mike King has been named Practice Chair, and Dr. Adam Borison has been promoted to Senior Vice President.

In the firm's Global Securities and Finance Practice, Dr. Robert Mackay has been appointed Chair; and Dr. John Montgomery and Dr. Faten Sabry have been promoted to Senior Vice President.

Practice Chairs

Mike King, Senior Vice President and Chair of NERA's Global EEN Practice, is an economist with extensive experience in electric wholesale markets, electric utility restructuring, strategy, and regulation. His recent work has focused on the merchant generation sector, where he has provided strategy and valuation advice on mergers and acquisitions, support for financing of merchant energy companies, and advice on the financial restructuring of distressed companies. Mr. King replaces Dr. Michael Rosenzweig, who recently retired from NERA but continues to work with the firm as a Special Consultant.

Dr. Robert Mackay, Senior Vice President and Chair of NERA's Global Securities and Finance Practice, specializes in providing securities and financial markets litigation support and risk management advisory services. His primary interests are in the economics of trading and investing, financial risk management, and derivatives and derivative securities. Dr. Mackay's predecessor as Practice Chair, Dr. Vinita Juneja, remains with the firm as a Senior Vice President.

Officer-Level Promotions

Dr. Adam Borison, Senior Vice President, is a San Francisco-based member of NERA's EEN Practice, and Leader of NERA's Energy and Infrastructure Risk Advisory Group. He is an internationally recognized expert in decision analysis, real options, and related methodology, with over 25 years of advisory experience in the power, energy, and resource sectors. Dr. Borison holds a BS in biochemistry from Yale, a Masters in public policy from Harvard, and a PhD in management science and engineering from Stanford.

Dr. John Montgomery, a New York-based Senior Vice President in NERA's Securities and Finance Practice, has consulted on a wide range of securities and financial issues, including cases under both securities laws and ERISA. He has testified on damages, materiality, prudence of investment decisions, costs of trading, and macroeconomic issues. He has also led teams analyzing large datasets related to brokerage, mutual fund, and 401(k) accounts. Dr. Montgomery earned his PhD from Princeton University and worked in government and in the securities industry prior to joining NERA.

Dr. Faten Sabry, Senior Vice President, is also based in New York. She directs projects in the areas of securities, complex damages disputes, and mass torts. Her work includes both advisory engagements and litigation support in cases that culminated in trials or bankruptcy hearings. Dr. Sabry has testified as an expert at trial and is the author of various articles on the economics of subprime lending, econometric analysis of mutual funds' advisory fees, claiming behavior, and determinants of anti-dumping protection. Dr. Sabry received her PhD from Stanford Business School and her MA in economics from the American University in Cairo.

About NERA

NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For over half a century, NERA's economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. We bring academic rigor, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.

NERA's clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world's largest economic consultancies. With its main office in New York City, NERA serves clients from more than 25 offices across North America, Europe, and Asia Pacific.