Promontory Financial Group is a leading financial consulting and investment firm focused on risk management, corporate governance and regulatory consulting in addition to its merchant banking and investing activities

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John A. Costa
Chief Executive Officer

Mr. Costa is Chief Executive Officer of Promontory Asset Finance Company. He joined Promontory from ING, where he was Head of the Securitization Group in the Americas. Mr. Costa managed a team that generated $30 million in revenue in 2002. He has experience in a variety of asset types, including credit cards, auto loans, non-prime credit cards, land loans and other unusual asset classes. He has sourced M&A opportunities in specialty finance companies, and designed an unusual credit enhancement technique to provide liquidity support to commercial paper conduits utilizing structured liquidity notes (SLNs).

Prior to ING, Mr. Costa served as an outside director at Litchfield Financial Corp, a publicly held finance company. After four years as a Director, he became an Executive Vice President in March 1999 with major responsibility for developing alternative funding strategies and directing asset securitization and conduit development. He was a member of the credit committee and a key participant in strategic decisions, and served as member of the Board's Audit Committee, Stock Option Committee and Compensation Committee.

Earlier, Mr. Costa was a Senior Vice President and Limited Partner at Cardholder Management Services. He acquired an industrial loan corporation charter (now called Merrick Bank) in order to become a credit card issuer. He subsequently assisted in the acquisition and sale of credit card portfolios.

Mr. Costa has held several positions on Wall Street: Director of Consumer Finance at US West Financial Corporation; Managing Director for Arsht & Company, Inc. a boutique M&A firm in NYC; Vice President, Manufacturers Hanover Securities Corporation, section 13 subsidiary of Manufacturers Hanover Trust; EF Hutton, 1985-1989, Assistant Vice President for Hutton Indemnity Corporation. He holds a B.A. from New York University, where he graduated Magna Cum Laude. He is Series 7, 24 & 63 licensed.