Noel Archard, CFA, Managing Director, currently heads the global iShares Product Development & Management function, which is responsible for new product research, delivery and product management.

Mr. Archard joined iShares in 2006, then part of Barclays Global Investors which merged with BlackRock in December 2009. He spent over 10 years at The Vanguard Group, first working with their brokerage service unit and then moving into their Exchange Traded Funds group.

Mr. Archard has a BS degree from Northwestern University and is a Chartered Financial Analyst charterholder (CFA®). He is a member of the Financial Analysts of Philadelphia and the CFA® Institute.

Russ Koesterich, CFA, Managing Director, is Global Chief Investment Strategist for BlackRock's iShares business.

Mr. Koesterich's service with the firm dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, Mr. Koesterich was the Global Head of Investment Strategy for active equities and a senior portfolio manager in the US Market Neutral Group. Prior to joining BGI he was Chief North American Strategist for State Street Bank. Mr. Koesterich began his career at Instinet, where he occupied several positions in research, including Director of Investment Strategy for both US and European research.

Mr. Koesterich is a frequent contributor to financial news media and can regularly be seen on CNBC, Fox Business News and Bloomberg TV. He is the author of two books, including his most recent "The Ten Trillion Dollar Gamble," which details how to position portfolios for the impact of the growing U.S. deficit. Russ is also regularly quoted in print media including the Wall Street Journal, USA Today, MSNBC.com, and MarketWatch.

He earned a BA degree in history from Brandeis University in 1987, a JD degree from Boston College in 1990 and an MBA degree in capital markets from Columbia University in 1995.

Daniel Morillo, PhD, Managing Director, is the Global Head of Investment Research for iShares. Dr. Morillo's service with the firm dates back to 2003, including his years with Barclay's Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he served in a variety of senior research and portfolio management roles including, Head of Global Equities within the Scientific Active Equity group.

Prior to joining BGI, Dr. Morillo served as a Senior Research Manager at PanAgora Asset Management for three years, where he developed US Equity risk and alpha models. Dr. Morillo earned a BS degree in economics from Universidad San Fran de Quito in 1995, a MS degree in statistics from the University of Illinois in 1998, and a PhD in econometrics from the University of Illinois in 2000.

Del Stafford, CFA, is a Managing Director and Global Head of iShares Product & Investment Consulting, a group that consults directly with investment advisors to provide in-depth market and product expertise for iShares offerings, as well as customized portfolio consulting support. In this role, his team conducts bespoke client portfolio analyses to assist with asset allocation, risk evaluation and portfolio structure decisions. Del joined iShares in 2008, then part of Barclays Global Investors (BGI), which merged with BlackRock in December 2009. Del spent over 16 years at The Vanguard Group, where he recently worked with the firm's current and prospective defined benefit plan clients to structure custom investment solutions. He also worked as Senior Portfolio Manager within Vanguard's Fixed Income Group, with responsibility for managing institutional, separately managed and stable value portfolios.

Del holds the Chartered Financial Analyst® designation and is a member of the CFA Society of San Francisco. He earned an MBA from LaSalle University and a BS in finance from Bloomsburg University.

Sue Thompson, CIMA, Managing Director, is Head of the Registered Investment Advisor Group, overseeing the firm's iShares and 529 sales efforts with registered investment advisors, family offices and asset managers.

Prior to joining BGI in 2007, Ms. Thompson was a principal at Vanguard, heading the national sales team focused on national full service brokerage firms. She joined Vanguard in August 1999 as Senior Counsel, specializing in tax law and structured products. Prior to joining Vanguard, Ms. Thompson was an attorney at Orrick, Herrington & Sutcliffe, LLP in California, specializing in public finance.

Ms. Thompson received her B.A. in Accounting from the University of Washington and J.D. from the University of California, Davis. She is also a C.P.A. and holds her Certified Investment Management Analyst (CIMA) designation through the Investment Management Consultants Association in conjunction with the Wharton School at the University of Pennsylvania.

Matthew Tucker, CFA, Managing Director, is the Head of iShares Fixed Income Strategy team within BlackRock's Fixed Income Portfolio Management Team. He leads the product strategy effort for iShares exchange traded funds in North and Latin America. His team focuses on developing new fixed income iShares strategies, partnering with the iShares team on product delivery, and supporting clients in the use of iShares funds.

Mr. Tucker's service with the firm dates back to 1996, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Matt has worked in the fixed income markets for over 15 years as a portfolio manager, trader and strategist. He was part of the team that developed and launched the world's first fixed income ETF in 2002, and spent a number of years as the portfolio manager for the funds. For the past decade he has been an active voice in the fixed income ETF market, helping further investors' understanding and usage of this new asset class. As part of this effort he has published a number of white papers on fixed income ETF markets and mechanics. Mr. Tucker began his career at Barra, where he supported clients in the use of Barra's fixed-income analytics.

Mr. Tucker earned a BS degree in business administration from the University of California at Berkeley in 1994 and is a CFA Charter Holder.