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Raphael Licht was elected in December 2006 to serve as Chief Legal Officer and Chief Administrative Officer of RAIT. Mr. Licht has served as Taberna’s Chief Legal Officer and Secretary since March 2005 and Taberna’s Executive Vice President and Chief Administrative Officer since April 2006. Mr. Licht also served as the chief legal officer of Cohen Bros. from 2001 until April 2006. From 2000 until 2001, Mr. Licht served as general counsel at iATM global.net Corporation, an ATM software joint venture between TRM Corporation (affiliated with Mr. Cohen) and NCR Corporation. From 1997 until 2000, Mr. Licht was an associate with Morgan Lewis & Bockius LLP, a law firm, specializing in structured finance and securitizations. From 1996 until 1997, Mr. Licht was an associate at Ledgewood, a professional corporation, a law firm, specializing in real estate and securities law. | 