William T. Sullivan

National Securities Clearing Corp. provides clearance, settlement and information services. The firm provides its services for broker-to-broker equity, corporate & municipal bond, exchange-traded funds, and unit investment trust. It also provides money settlement for mutual funds and insurance, annuity transactions, linking funds. The company was founded in 1976 and is headquartered in New York, NY.

The Arizona State Retirement System (ASRS) is a state-owned pension fund manager headquartered in Phoenix, Arizona. ASRS was founded in 1953 to provide retirement security to State of Arizona’s public servants, which includes teachers, municipal workers and other government employees. They administer a pension plan, long-term disability plan, retiree health insurance plans and other benefits to qualified government workers.

Part of U.S. Bancorp, Cadre Financial Services, Inc. is a company that provides cash management services to local school districts and operates as a broker dealer. The company is based in Lake Ronkonkoma, NY. Cadre Financial Services was acquired by PFM Asset Management LLC, a subsidiary of U.S. Bancorp from Ambac Financial Group, Inc. on March 31, 2004.