Stephen Clancy has been with AFT since June 2007. Prior to joining AFT, Mr. Clancy was a Senior Business Analyst with Societe Generale specializing in equity and hedge fund derivatives. In the preceding five years Mr. Clancy established a US broker-dealer for the Unicredit Group where he structured exotic derivatives for third-party distribution. Mr. Clancy is a member of the New York Society of Security Analysts, the CFA Institute, and holds the Chartered Financial Analyst designation.