Mr. McCulloh has over 19 years of experience in the securities business. He began his career at Alex. Brown and Sons in 1987 and was named Principal in the Institutional Equity Sales division 1995. Mr. McCulloh led sales teams covering institutions primarily across the southeast and mid west, and was consistently near the top of the division in commissions, and market share. In June of 1999, Mr. McCulloh and several of his partners left BT Alex. Brown to start First Union Capital Markets in Baltimore. First Union would eventually become Wachovia Securities, and Mr. McCulloh was instrumental in launching their institutional sales effort. At Wachovia, his territory expanded to include Denver and points west. Mr. McCulloh, a native of Baltimore, is a graduate of Mount St. Mary's College with a BA in business/finance, and a minor in economics.