ROBERT KAUFFMAN     Director
Robert Kauffman is the President of Fortress and a member of the Board of Directors of Fortress.

He was previously the head of the acquisition and risk management department of GPF as well as a Managing Director of UBS. Mr. Kauffman was responsible for the evaluation of potential investment opportunities and the coordination of due diligence protocols. In addition, Mr. Kauffman was responsible for all of the capital markets activities of GPF, including hedging transactions and the issuance of securities.

Prior to joining UBS in 1997, Mr. Kauffman was a principal of BFM and Managing Director of Lehman Brothers International ("LBI") in London, responsible for the expansion of LBI's non-performing mortgage loan business into the U.K. residential mortgage market and the acquisition by LBI of a U.K. mortgage servicing operation to resolve acquired assets.

Mr. Kauffman received a B.Sc. degree in Business Administration from Northeastern University.

Send E-Mail to: Robert Kauffman