Mr. Layng joined Five Mile in early 2004 to handle Five Mile's client relationships and Business Development. Mr. Layng began his career in the equity and fixed income trading businesses with G. A. Saxton and Wood Gundy, respectively. He subsequently joined Morgan Stanley in 1980, where he spent nearly 20 years in institutional sales, capital markets, product development and distribution with some of Morgan Stanley's most sophisticated clients. In 1999, Mr. Layng joined Donaldson, Lufkin & Jenrette Asset Management as a Managing Director for Business Development and as a member of the Management Committee. After the acquisition of DLJ by Credit Suisse First Boston, he became a Managing Director and Head of Sales at Credit Suisse Asset Management. Prior to joining Five Mile, Mr. Layng was the Managing Partner of Rosebrook Capital, a consultant to the financial services industry, and a Director with Liability Solutions Inc. Mr. Layng has a BA in History from Lafayette College.