Alan L. Salzbank is the Chief Investment Officer and Co-Founder of Gargoyle Investment Advisor L.L.C. He has been a Managing Partner of the The Gargoyle Group since 1999. From 1987 to 1998, Mr. Salzbank was a member of the American Stock Exchange where, in addition to being a highly respected floor trader and market-maker, he advised specialist units and trading firms on options theory and strategy. Prior to that, Mr. Salzbank was a retail branch manager in the Paramus, New Jersey office of Gruntal & Co. (1985-1987), and the Director of the futures department and a Limited Partner at Herzfeld & Stern (1980-1985). At Merrill Lynch, Mr. Salzbank was a Commodity Analyst and Futures Sales Specialist, as well as the founding editor of the Merrill Lynch “Weekly Futures Report” (1976-1980). Mr. Salzbank is a former Ivy League gymnastics champion. He is a graduate of the Wharton School of the University of Pennsylvania with a degree in Economics, and received an MBA from the New York University School of Business. Alan and his wife, Karen are 30-year residents of Port Washington and have two grown children.