IA Markets

Marc D. Lucier, Chair
Deutsche Bank

The IAFS Intangible Asset Markets committee is developing standard forms of transactional documentation and processes to enhance market liquidity and reduce transactional risk.

Marc Lucier is a Director at Deutsche Bank where he is focused on asset finance, investment and risk transfer involving intellectual property and other intangible assets. Prior to joining Deutsche Bank, Mr. Lucier was founder and President of Intangible Edge, an intellectual property consulting firm that provided IP valuation and analytics, raised IP-based capital and arranged sales and licenses of trademarks and other IP. Earlier, Mr. Lucier worked as an investment banker in structured finance and related fields, most recently at JP Morgan. He holds a Master of Business Administration degree from Columbia University Graduate School of Business and a Bachelor of Science degree from the University of Southern California.

IA Risk-Linked Securities

Jay H. Eisbruck, Chair
JHE Consulting

The IAFS Intangible Asset Risk-Linked Securities committee is developing standard forms of transactional documentation and processes to help bridge risk taking opportunities between insurance markets and traditional capital markets.

Jay Eisbruck is the Manging Partner at JHE-Consulting, a research sales and trading consulting firm, where he is working since December 2007.  While at JHE Consulting he has consulted on the securitization markets for banks, including Bank of America and Lehman Brothers, issuers, hedge funds, and has worked as part of the GLG Expert Network.  Previously, Mr. Eisbruck was a Managing Director in Moody’s Asset-Backed Finance Group managing the credit analysis of all non-residential mortgage Asset-Backed Securities. During this time Mr. Eisbruck analyzed the quantitative, qualitative, structural, and legal risks of over 70 different asset classes including whole business securitization, reverse mortgages, credit cards, autos loans, insurance-related assets, and aircraft leases. This work included a specialization in intellectual property assets and he was responsible for the rating of all  IP collateral types including music royalties, film receivables, and patent and trademark licensing.  Mr. Eisbruck also contributed to a number of articles on structural innovations and general trends in the asset-backed market.

IA Financial Metrics

Jennifer L. Hanf, Chair
Not Disclosed
 
The IAFS Intangible Asset Financial Metrics committee is developing standards for measuring intangible asset financial risk and reward.

IA Value Signaling

Terry Rooney, Chair
Terry Rooney & Associates Communications, LLC

The IAFS IA Value Signaling committee leads the Society’s efforts in identifying and promulgating best practices and standards relating to communicating the value of intangible assets to financial stakeholders and the capital markets.

Management Pratices

IA Corporate Governance

Cathy L. Reese, Chair
Fish & Richardson P.C.

The IAFS Intangible Asset Corporate Governance committee is developing best practices for corporate board and management oversight of intellectual assets consistent with the fiduciary duties owed to the corporation and its shareholders.

Cathy L. Reese is a Principal in the Delaware office of Fish & Richardson and heads the firm’s Corporate and Chancery Litigation practice. Cathy is a faculty member of the TopBoards, director education service of Beecher Carlson and has appeared on CNBC and written for Fortune, Barron's, Investor's Business Daily, Directorship, Intellectual Asset Management and other publications on Delaware corporate, governance and IP oversight issues. She is an established trial attorney with extensive experience in corporate, technology and complex commercial litigation, as well as corporate counseling and corporate opinions. Cathy counsels corporations, their boards of directors, and committees of the board, including Science and Technology Committees concerning fiduciary duties, including their duties of oversight concerning corporate assets and intellectual property. Her corporate litigation practice includes: breach of fiduciary duty claims, corporate governance and election disputes, and statutory proceedings under the Delaware General Corporation Law.

Saftey & Security Asset Management

Robert P. Liscouski, Chair
Steel City Re, LLC

The IAFS Security Asset Management committee leads the Society’s efforts in identifying and promulgating best practices and standards relating to security as an intangible financial asset

Bob Liscouski is President of Steel City Re's Advisory and Forecasting unit. Previously, Mr. Liscouski was appointed by President Bush as the first Assistant Secretary for Infrastructure Protection, when the Department of Homeland Security was founded in 2003 and served in that position under Secretary Tom Ridge until 2005. He is formerly the President & CEO and is a current board member of Content Analyst Company, LLC. Previously, he was Director of Information Assurances at the Coca-Cola Company and Vice President of the Law Enforcement Division of Orion Scientific Systems. Earlier in his career, he served as a Diplomatic Security Service Special Agent with the U.S. Department of State and a Homicide and Undercover Investigator for the Bergen County Prosecutors Office. He currrently serves as a member of the Intelligence Science Board. He holds an MPA from the Kennedy School of Government, Harvard University and a BS in Criminal Justice from John Jay College of Criminal Justice.

Trademark Asset Management

David S. Ruder, Chair
Terrier IP Investments, LLC

The IAFS Trademark Asset Management committee promotes ways for businesses to understand the financial aspects of their brand aspects. These include issues relating to licensing and M&A as well as issues relating to securitization and financial reporting requirements. Please contact David Ruder for any insights and interest in this committee.

David Ruder is founder and managing principal of Terrier IP Investments LLC, a firm devoted to the acquisition of and investment in intellectual property assets. Ruder is a former attorney and investment banker and has experience with M&A and investment transactions with firms such as River West Brands, Ocean Tomo, and Altitude Capital Partners. He works along side traditional private equity and venture capital investors as they seek to understand the value and risk in a variety of intellectual property assets, with a particular emphasis on brand and trademark assets. He is also the author of Strategies for Investing in Intellectual Property (BeardBooks, 2008).

Patent Asset Management

David Hetzel, Chair
Motorola, Inc.
 
The IAFS Patent Asset Management Committee spearheads the Society’s efforts in identifying and promulgating best practices and standards relating to the treatment of patents as financial assets. In particular, the Committee is reponsive to the needs created by the rise in secondary patent markets. The Committee seeks to address the most challenging and complex issues currently being faced by the industry.

David Hetzel manages the Patent Divestitures & Acquisitions program for Motorola’s handset enterprise, a $15+ billion global business. He leads a cross-functional team in identifying opportunities, strategizing, performing deal due diligence and valuations and managing related processes. Prior to joining Motorola, he served as an analyst at McKinsey, a Direct of Business Development for Canadian Consulate of Chicago and as a Chicago-based attorney. David graduated from Chicago Kent College of Law in 1993, and from Stanford University with a BA in 1988.

Ethics and Ethical Sourcing 

Robert P. Rittereiser, Chair
Z. Verden, LLC

The IAFS Ethics and Environmental Sustainability committee leads the Society’s efforts in identifying and promulgating best practices and standards relating to ethical and environmental sustainability practices as intangible financial assets.

Bob Rittereiser is CEO of Zhi Verden, an information services company for the global supply chain.  He is also a principal with Centurion Holdings and Chairman of Steel City Re. Formerly, Mr. Rittereiser was the Chief Financial Officer and Chief Administrative Officer of Merrill Lynch & Co., President and CEO of EF Hutton & Co., a Trustee of the DBL Liquidating Trust, President and CEO of Nationar, and most recently, Chairman and CEO of Gruntal Financial, LLC. He has served as an Industry Director for the Depository Trust Co., The National Securities Clearing Corp., and the Chicago Board of Options Exchange. He is a former President of the Bond Club of New York and Vice Chairman of the Security Industry Association. Mr. Rittereiser earned his B.B.A. at New York Bernard Baruch College in 1965 and completed the Harvard Business School’s Advanced Management Program in 1977. Mr. Rittereiser is the author of a textbook Margin Regulations and Practices, first published in 1970.

Society Communications

Quality & Integrity Asset Management

Darren B. Cohen, Chair
Reed Smith, LLP

The IAFS Quality Asset Management committee leads the Society’s efforts in identifying and promulgating best practices and standards relating to quality as an intangible financial asset. The committee focuses on corporate behavior in crisis and non-crisis brand protection and development, including the establishment of business protocol that maximizes and sustains trademark value throughout the branding cycle, from brand creation to brand management.

Darren Cohen is a partner in the Intellectual Property Practice Group where he oversees the establishment and maintenance of programs designed to secure and protect thousands of domestic and international trademarks. He provides counsel to brand owners and advertising agencies on all matters of trademark and copyright law, focusing primarily on branding and brand protection and enhancement practices. Darren began his legal career as a Trademark Examiner/Advisor at the U. S. Patent and Trademark Office, where he was awarded the Department of Commerce Bronze Star for excellence. While at the Trademark Office. Darren is recommended for his experience on the brand strategy front and for advising advertising clients on trademark matters by The Legal 500 directory. Darren is a graduate of Haverford College and Albany Law School of Union University.

.

Outreach

Judith C. Giordan, Ph.D., Chair
National Science Foundation - IGERT/University of S. Mississippi

The IAFS Outreach Committee leads the Society’s efforts in identifying and promulgating interactions and affiliations with other professional organizations, constituencies and stakeholder groups.

Judith C. Giordan has held positions including Vice President and Global Director of R&D International Flavors and Fragrances; Vice President Global R&D Pepsi Cola and Vice President Research and Development Henkel Corporation. She is a successful serial entrepreneur and her current positions include Professor of Practice at the University of Southern Mississippi on detail to the National Science Foundation as Program Officer for the Integrative Graduate Education and Research Traineeship (IGERT) program and member of the Board of Directors of several start-up technology companies. Giordan received her BS from Rutgers University, her PhD from the University of Maryland, and was an Alexander von Humboldt post-doctoral fellow at the University of Frankfurt, Germany. 

Member News

Mary Adams, Chair
Trek Consulting

The IAFS Member News Committee supports the Soceity's education mission by using electronic media to raise awareness of the diverse work being done by IAFS members in the field of intangibles. This communication platform is designed to help Society members get to know each other better as well as raise the profile of the organization and its members in the media and corporate markets.

Mary Adams is a co-founder of Trek Consulting. a firm in the Boston area that has a ten-year track record of helping companies leverage their intellectual capital for innovation and growth. Trek is a member of the international IC Rating community and has assessed intellectual capital for corporations around the world. Mary began her career in high-risk finance at Citicorp and Sanwa Business Credit. She blogs about intangibles at the Intellectual Capital Knowledge Center and the Hybrid Vigor Institute. Contact Mary by email.

Membership

David Gould, Chair
Buchanan Ingersoll & Rooney PC

The IAFS Membership committee sets membership standards and reviews and approves applicants for membership in the Society.

David is a technology transactions attorney in the Corporate Finance & Technology Section of Buchanan Ingersoll & Rooney, PC. David advises clients on issues arising from the licensing and commercialization of intellectual property, as well as issues related to the protection of such intellectual property. He has also assisted a wide range of clients in the drafting and negotiating of licenses, maintenance and support agreements, service level agreements, value added reseller and distribution agreements, consulting services agreements, source code escrow agreements, manufacturing and supply agreements, non-disclosure agreements, letters of intent, business development and co-marketing agreements, and domestic and international technology distribution and development agreements.

Publications

Nigel Page, Chair
IAM Magazine

The IAFS Publications committee leads the Society's efforts in disseminating works of the Society. The primary channel is IAM magazine which regularly features a contribution from the Society.

Nigel Page is one of the directors of Globe White Page Ltd, the publisher of IAM magazine (www.iam-magazine.com). He also acts as Finance Editor of IAM magazine, which is established as the premier publication for Chief Intellectual Property Officers (CIPOs), and other professionals involved in understanding and investing in intellectual property. Nigel is also a director of White Page Ltd, a business/financial editorial and publishing agency. Before forming White Page, he worked for two years as a business travel journalist in Asia and the Middle East, as well as launching a number of business magazines. Nigel qualified as a barrister in 1986, and prior to that obtained an MA in English Literature at Cambridge University.