Mr. Kendall is a Founder and Principal of Five Mile. Prior to Five Mile, Mr. Kendall founded, developed and managed a succession of fixed income investment management and trading businesses. Over more than 20 years, he held positions of responsibility for the following business areas, among others: Financial Security Assurance Holdings Ltd - Establishment and oversight of the Asset Management Group; Koch Industries - Head of Derivatives and Global Financial Trading; Wasserstein Perella Asset Management - Founder and CIO; Greenwich Capital - Manager, Mortgage and Asset backed Department; Kidder, Peabody - Head of Contract Trading and Mortgage Sales. Mr. Kendall began his career at Salomon Brothers in 1977, where he was a founding member of the Mortgage Department. He has a BS in Economics, Finance and Accounting from the Wharton School of the University of Pennsylvania.