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David Grayson is Managing Director of Auerbach Grayson & Company, a brokerage firm specializing in providing international securities research, execution, and settlement for U.S. institutions through a partnership of over one hundred foreign brokers and banks worldwide. Prior to that he was Chief Executive Officer of DBI Holdings, Inc., a financial company, with two brokerage subsidiaries. One, a U.S. based New York Stock Exchange member specialized in providing execution in U.S. equities to foreign institutions. The other, a London based broker provided execution in U.K. equities to institutions and retail investors in the U.K. and other countries within Europe. This company was acquired by what is now ABN Amro Bank where Mr. Grayson served as a Managing Director in their U.S. brokerage subsidiary. He began his career in the brokerage industry in 1975, when he helped found Discount Brokerage Corporation, one of the first companies to provide discount brokerage services. He served as Executive Vice President and Chief Operating Officer. This was later sold to what is now FleetBoston Bank. Mr. Grayson has previously served as the Chairman of the Institutional Firms Committee of the Securities Industry Association (SIA). He is also a former member of the International Committee of the SIA and a former member of the New York Stock Exchange Specialty Firms Advisory Committee, and Disciplinary Hearing Committee He has traveled to over eighty countries and lives in New York City | 