Frank Grossman

Treasurer

Frank Grossman is a financial engineer with a knack for solving complex business problems. He has extensive board experience with both domestic and international companies and a long record of serving on not-for-profit boards, such as for the United Way. He has a diverse blend of risk management, compliance, capital markets, mergers and acquisitions, and financial structuring expertise. Combining his engineering training with his financial and industry background, Frank has developed the ability to synthesize seemingly unrelated data and develop winning solutions out of the associated "fog of information." During his career, he has successfully developed businesses and completed transactions in the U.S., South and Central America, Europe, Africa, Asia, and Australia, and he has resided in New York, Chicago, Hong Kong, and London. He is a respected leader in his community and in the boardroom for his attention to detail, strategic vision, unquestioned integrity, relentless pursuit of perfection, and willingness to provide effective challenge to management.

Frank currently serves on the board of Discover Bank, a $100 billion wholly owned subsidiary of Discover Financial Services (NYSE: DFS), where he serves on the Audit Committee, the Bank Secrecy Act/Anti-Money Laundering Special Committee, and the joint CCAR Capital Committee. He joined the Discover Bank board in 2010 during the height of the financial crisis. Frank previously served on the boards of MISR International Bank (Cairo, Egypt) and International Merchant Bank (Lagos, Nigeria), both joint venture financial institutions for which he served on the Credit Committee. Active in his community, he currently serves as director and treasurer of The Society of the First Presbyterian Church of Lake Forest and has previously served on the boards of The United Way of Lake Forest/Lake Bluff, the Spirit of 67 Foundation, and CROYA (Committee Representing Our Young Adults).

Frank is president of Chilton Capital Advisors, a privately owned consulting firm. Through Chilton Advisors, he has held a number of C-level leadership roles in a wide range of entrepreneurial and early-stage companies, such as CFO of StereoVision Imaging, Inc., a leading developer of long-range 3D facial recognition products; chief compliance officer of Transworld Systems, Inc., a private equity-owned national collections firm; CFO of X2Telecom, Inc., a West Coast-based owner of an abandoned offshore fiber optic network; and treasurer of 3D Systems (NYSE: DDD), the pioneering developer of 3D manufacturing systems.

Prior to establishing Chilton Capital Advisors, Frank was a managing director at The First National Bank of Chicago. During his 25-year banking career, he held a number of senior roles across the bank. As a managing director in the Leveraged Finance Division, he was responsible for structuring, managing, executing, and syndicating complex leveraged transactions. He served as Area - Head Africa (London); and as Energy Group Area Head- Asia (Hong Kong), where he was the lead advisor to CNOOC , traveling extensively in China in the early 1980s. He served for five years as the treasurer of Overseas Shipholding Group, Inc. (NYSE: OSG), a leading international bulk shipping company and prior client at First Chicago.

Frank holds an master of business administration from the McCombs School of Business at the University of Texas and a bachelor of science degree in electrical engineering from the University of Texas, where he was elected into Tau Beta Pi and Eta Kappa Nu. He completed the ABA Graduate School of Compliance Risk Management and holds active licenses from FINRA as a General Securities Registered Representative (Series 7), Investment Banking Representative (Series 79), and General Securities Investment Advisor Representative (Series 63 and 66). Frank is an active member of the National Association of Corporate Directors and the Private Directors Association (PDA), and he has completed the PDA Coaching Program.