Chief Operating Officer or Chief Administrative Officer or Chief

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    DAVID K. SCHEURING, SR.1702 Eagle Watch Drive * Fleming Island, FL 32003904-853-8233 * [email protected]

    SENIOR OPERATIONS EXECUTIVEVersatile, resourceful and entrepreneurial Executive Management Professional with extensive experience in the financial services industry. Possess a set of transferable skills in sales and marketing, business development, technology, operations, accounting, and senior level management. Excel at creating and implementing effective strategies, systems, processes and procedures that improve productivity, reduce costs, and drive operational excellence to achieve overall company goals and increase profitability. Self-directed, participatory leader and team player who can build strong working partnerships with all stakeholders. Able to see the "big picture" and pay attention to the important details. Serve as a trusted advisor and business partner to senior management and clients. Committed to adding value and exceeding expectations through collaborative problem solving, disciplined decision-making, and a laser-like focus on providing the highest levels of customer service and satisfaction.

    AREAS OF EXPERTISE* Strategic Planning * P & L Management * Financial Management* Change Management * Process Re-engineering * Coaching & Mentoring

    * Organizational Development * Risk Management * Team Leadership* Budgeting & Forecasting * IT Strategy * Staff Management

    PROFESSIONAL EXPERIENCEAdminPartners * 2006 - 2009Vice President of Business StrategyServed as in-house consultant and advisor to company principals on business strategy, service offerings, staff development, management training, executive coaching, business and marketing plans, vendor selection, and evaluation and acquisition of software and hardware to support all business functions.Key Accomplishments* Built internal infrastructure to support growth from a single client to over 1

    50 clients in a 24-month span.

    LineData Services, Inc. * 2004 - 2006Business Development ManagerSold multiple software products, add-ons, and customizations to the mutual fundand hedge fund industries.Key Accomplishments* Cultivated relationships with senior executives leading to recurring revenue of over $150,000 annually.* Established 10 key hedge fund clients.

    Automatic Data Processing, Inc. * 2003 - 2004Managing Director

    Developed and maintained key accounts by establishing relationships with "C Suite" executives at investment company firms. Introduced senior ADP managers to keyaccount "C Suite" executives and established relationships where none existed.Key Accomplishments* Supported product line sales representatives' efforts that increased revenue by over $250,000 per year.

    DAVID K. SCHEURING, SR. Page 2

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    Rightime Econometrics, Inc. * 1996 - 2005Chief Operating OfficerReduced costs through improved administrative and technical support for productline, and better business relationships with key vendors and customers. Upgradedsales force satisfaction through improved accounting and commission payout systems. Advanced company reputation by building a strong, loyal customer service staff.Key Accomplishments* Reduced time to pay commissions by five weeks improving company and product acceptance.* Spearheaded product development efforts to diversify money management offerings resulting in the launch of a new product that increased assets under management by $75 million.* Improved process for calculating product investment performance reducing reporting time by 3 weeks.* Led project team to develop company internet presence. Through delivery of forms and information through the internet, reduced operating costs by avoiding addition of three planned staff.

    Quest for Value Distributors, Inc. * 1994 - 1996VP & Director of OperationsDirected daily management of critical functions including sales force compensation, system upgrades, recruiting and training of staff, and delivery of quality s

    ervice.Key Accomplishments* Reduced selling broker's payment cycle by upgrading commission/compensation tracking systems.* Increased sales closing ratios through streamlined service for core defined contribution product.* Improved operating relationships with plan sponsors, trustees and record keepers.* Coordinated proxy and conversion efforts to complete sale of Quest for Value Family of Funds.

    Delaware Service Company, Inc. * 1991 - 1994President

    Oversaw budgets, strategic planning, service quality, and customer/vendor relationships. Directed MIS, Customer Service, Retirement Account Processing, Data and Transaction Processing functions.Key Accomplishments* Created new capabilities and sources of business by leading an executive teamto outsource shareholder accounting software from a limited homegrown system toan industry leading system.* Led planning and execution of a major project to relocate two company departments from separate buildings to an expanded, consolidated and upgraded facility.* Reduced costs and expanded product support capability by acquiring new computer systems.* Instilled customer-focused culture through executive team building around a new company mission/vision.

    Prior Experience: Held progressively responsible positions from Manager Administration & Operations to Senior Vice President, all within the financial servicesindustry. Key accomplishments included: grew assets under management at MellonBank from $280 million to $1.8 billion; changed company culture at Putnam Investment Services and improved client services through implementation of 297 operational recommendations presented by Coopers & Lybrand.Other Experience: Own and operate two businesses. Established Pembroke PropertySolutions, Inc as a Real Estate Management company to acquire and manage single-family homes. Started Pembroke Lifemax to engage in distribution of a natural, r

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    aw whole food through a network-marketing framework.

    EDUCATIONUniversity of Pittsburgh, College of Arts and Sciences, Pittsburgh, PABachelor of Arts Political Science & EconomicsSuffolk University / Drexel UniversityCoursework toward Executive MBA