Mr. Li Joined Five Mile in 2008. Prior to joining Five Mile, Mr. Li served as a Director at Barclays Capital since 2004, where most recently he was in charge of its Non-Japan Asia (NJA) Mortgage-Backed Securities (MBS) trading business, and for two years before that he was in charge of its global MBS market risk management. Before Barclays Capital, Mr. Li spent nine years at RBS Greenwich Capital and its predecessors Greenwich NatWest and Greenwich Capital Markets, where he was a Senior Vice President in trading MBS derivatives, and in managing market risks. He worked for Mr. Kruger and Mr. Holloway while with Greenwich NatWest and its predecessor Greenwich Capital Markets. Mr. Li holds a PhD and an MS in Electrical Engineering from Columbia University and a BS in Electrical Engineering from Tsinghua University.