Senior Management Bios

We believe that the value of an investment advisory firm is best represented by the team of individuals who personify the firm:
Rodger Shay is the firm's founder and has over 50 years of experience as a leader in the securities market. Prior to founding Shay Financial, Mr. Shay was Chairman of the Board of Merrill Lynch Government Securities, Inc. and director of debt trading for Merrill Lynch, Pierce, Fenner & Smith, Inc. He also served as Chairman of the Board of Merrill Lynch Money Market Securities, Inc. and was the first President of the Government National Mortgage Association Dealers Association. Mr. Shay was also a member of the United States Treasury Advisory Committee for four different presidential cabinets.
Rodger Shay, Jr. serves as President of Shay Financial Services, Inc. and has more than 20 years experience in the fixed-income market. From 1981 to 1985, Rodger Shay, Jr. traded US Treasury securities for Merrill Lynch at its trading desks in New York and Tokyo. In addition, he served as the trading desk liaison to the monetary authorities and supranational agencies in Asia. From 1985 to 1988, he was the senior trader and manager of the CMO and ABS trading desk for Merrill Lynch.
John McCabe is a Senior Vice President of Shay Assets Management Inc. and portfolio manager of the AMF Large Cap Equity Fund. Prior to joining Shay, he served as Managing Director and Portfolio Manager for the Sterling Manhattan Corporation. Mr. McCabe is a director and past president of the New York Society of Security Analysts (NYSSA), a past director of the Financial Analysts Federation and a member and founding Governor of the Association for Investment Management and Research (AIMR).
Jay McEntire, the Chief Financial Officer of Shay Investment Services, Inc., has witnessed firsthand the banking crisis of the early nineties as a commercial and correspondent banker and then as an investment banker to community banks. This experience lead him to develop the current business strategy to emulate the success of the active acquires during the Southwest Plan/RTC days.

In addition to his banking background, Mr. McEntire combines a successful track record as a CEO and executive in financial software and energy companies along with $1.7 billion in M&A and capital market experience. From February 2006 to May 2007, Mr. McEntire served as CEO of Burlingame, CA based Cogency Software, Inc., an accounting and risk management software provider to the alternative investment industry. Mr. McEntire was recruited by Bank of America ventures and Apex Ventures to turn around the company's operations and develop a focused sales effort.

From 1999 to 2002, Mr. McEntire served as CEO of ProTrader Group, a direct market access software development and electronic brokerage company. He was responsible for restructuring the company's operations, hiring an experienced management team and refocusing its software development efforts which lead to a sale of the company in October 2001 to Instinet Corporation in a transaction value of $150 million. ProTrader's technology was used to develop the Instinet Portal desktop trading and trade routing program. Following the acquisition, Mr. McEntire joined Instinet as Senior Vice President serving as Managing Director of Instinet Clearing Services in New York.

Mr. McEntire has served as an investment banker and executive of two rollup companies: Prime Medical Services, Inc., which became the largest provider of lithotripsy procedures in the US with approximately 25% of the urology market and Parker & Parsley Petroleum Company, now Pioneer Natural Resources, Inc., which became the 16th largest E&P company in the US. Both companies succeed in making acquisitions during distressed times in their respective industries. Mr. McEntire was as an advisor during both public companies' formative acquisitions and later served as a board member of Prime Medical and a senior executive at Parker & Parsley.

Mr. McEntire began his career at Worthen Banking Corporation, a $2 billion bank holding company, as a credit analyst in 1984. After Worthen experienced capital issues resulting in losses from a bad repo trade, Mr. McEntire worked for the Chairman to update the bank's lending policies and procedures to satisfy regulatory requests. Following this assignment, Mr. McEntire became a Regional and Correspondent Banking Officer covering South Arkansas community banks and commercial and timber loan clients with a loan portfolio in excess of $100 million.

Mr. McEntire is the manager of Glennoe Farms, LLC, a rice and soybean farming operation in Arkansas. He holds a BSBA in Finance from the University of Arkansas, spent his junior year abroad at the Universitat Salzburg, Austria, and attended Harvard Business School's Advanced Management/International Senior Managers Program in 1994.
Sean Kelleher is the President of Shay Assets Management, Inc. As an experienced fixed income portfolio manager with over 25 years of experience, he has an in-depth knowledge of all U.S. fixed income markets including agency and non-agency mortgage-backed securities, asset-backed securities, and commercial mortgage-backed securities (respectively, "MBS, ABS, CMBS") and derivative markets (swaps, options, CDs). Most recently Mr. Kelleher served as Senior Vice President and head of AllianceBernstein's investment strategies involving MBS, ABS and CMBS.

During his 1999-2007 tenure at AllianceBernstein, Mr. Kelleher managed strategies that used a variety of advanced liability management and hedging techniques in the interest rate futures, swaps and volatility markets. His team of portfolio managers, traders, and analysts managed a variety of strategies, including hedge funds, institutional long-only mandates, and mutual funds. He was directly responsible for $11 billion in investor assets, as well as another $30 billion managed by other teams. In 1999, he started and managed the first leveraged long/short strategy in mortgage-backed securities for the firm. In 2000, he started the first MBS/ABS/CMBS hedge fund at AllianceBernstein. This fund focused on relative value trading in the MBS market as well as credit strategies in RMBS and CMBS. Clients included FHLMC, the State Agency for Foreign Exchange (Central Bank of China), and a variety of Fortune 100 and overseas clients. He was a member of the Fixed Income Investment Strategy Committee and Chair of the Structured Assets Research Review Committee.

Mr. Kelleher joined AllianceBernstein from Deutsche Bank Securities where he managed the MBS swaps desk from 1997-1998. Prior to Deutsche Bank, he spent three years managing the agency pass-throughs trading desk at Nomura Securities International where his team generated record profits for the firm in their strategy.

Mr. Kelleher began his career as a capital markets analyst at Merrill Lynch where he worked from 1983 to 1994. At Merrill, Mr. Kelleher started the MBS swaps business and created an innovative debt structure for the Federal Home Loan Bank that linked the principal payoff on the debt to mortgage prepayments. He also traded pass-throughs at Merrill Lynch and worked in their fixed-income research and risk management groups.

Mr. Kelleher has a BSBA in Finance from the University of Virginia. He also earned a CFA Designation in 1989.
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