Mr. Lockwood has been a portfolio manager for the Adviser since 2019 and is the Head of Fixed Income of Piton Investment Management (“Piton”). He has over twenty years’ experience managing fixed income portfolios. Prior to joining Piton in 2018, Mr.Lockwood was a senior portfolio manager and the team leader of the fixed income division in the Private Bank Investment Management Group of HSBC. Prior to joining HSBC, he worked as a fixed income manager for Ramius Capital Group and DLJ/Credit Suisse Asset Management. Lockwood has also traded fixed income securities for Spear, Leads, & Kellogg and began his career in the institutional trading/sales division of National Westminster Bank, NA.

Mr. Chan serves as Senior Vice President on the Investment team at Piton Investment Management, L.P. Prior to joining Piton, Mr. Chan worked at HSBC Private Bank as a Vice President and Senior Trader in the Investment Management Group. He joined HSBC in 2005, where he worked closely with the Fixed Income team to grow, maintain and create portfolio mandates. He managed the tactical cash portfolios in accordance with specific guidelines. Along with the Investment Management Group, he helped oversee five Fixed Income and Equity strategies. He has over a decade of trading experience in Fixed Income and Equity markets. Prior to joining HSBC, he worked as a trade specialist at Brown Brothers Harriman and Co.’s Investment Management team. Ralph graduated cum laude from the Zicklin School of Business with a B.B.A. in Finance and Investments.