Candidate for
Council Member; City of Claremont

LLEWELLYN MILLER stochastics 585 West Twelfth Street Claremont, California 91711 (909)626-1839 (Voice) miller@cyberg8t.com

EMPLOYMENT

1995 to Present

Independent Consultant, operating under the name stochastics

Recent/Current assignments:

Office of Federal Housing Enterprise Oversight (OFHEO) at H.U.D. -- Consultant (Intermittent Expert) attached to the Research and Capital Standards Office. This office is charged with carrying out the "soundness and safety" regulatory function for FNMA and FHLMC that flow from enabling legislation of 1992. I helped them develop the interest rate risk components of the capital adequacy rules and tests as well as provide a corporate finance context and model architecture to regulatory issues.

Global Investment Management Technology, Bankers Trust New York-- Advising the investment technology group on strategies to provide decision support for securities valuation, portfolio selection, asset allocation, risk management in compliance with the business needs of investment management.

Republic National Bank of New York -- Consultant to the Risk Assessment Committee helping them to select and implement market and credit management software.

2002 Adjunct Professor of Finance, Drucker School of Management, Claremont Graduate University, Claremont, California.

1993 to 1995

Republic National Bank of New York, New York

First Vice President (Senior Swap Originator) Derivatives Products Group

Responsible for structuring, pricing, and developing hedges for derivatives-based structures for fixed-income and currency market clients and counter-parties

1990 to 1992

Sanford C. Bernstein & Co., Inc., New York, New York

Senior Portfolio Manager, Director of Municipal Bond Investments

Manager of strategy development and implementation for all portfolios containing tax-exempt securities including three mutual funds, three nuclear decommissioning trust accounts as well as numerous family trusts and individual accounts

1984 to 1990

Drexel Burnham Lambert, New York, New York

First Vice President, Fixed Income Research

Responsible for product development, marketing and operations of Portfolio Strategies Group - implementing optimization techniques and pricing methods to asset/liability selection and restructuring problems faced by financial institutions and pension funds. Direct development of new products, and pricing methodology for fixed income market.

Designed and developed Drexel Burnham Lambert High Yield Market Index. Instrumental in enhancement of Collateralized Bond Obligation (CBO) transactions.

1983 to 1984

Lehman Brothers Kuhn Loeb, New York, New York

Senior Analyst/Financial Modeling Specialist, Banking

Designed and implemented substantial computer-based models to analyze: limited partnership and other special products, performance of special securities, optimal dedicated portfolios of fixed income securities, generic debt refinancing.

1979 to 1983

American Telephone and Telegraph Co., New York, New York

Staff Manager, Treasury Department, 1981 to 1983

Conducted financial analyses that influence Bell System financial policies with respect to rates of return, capital structure, assessing innovative financing techniques, credit analysis, inflation accounting, taxation, dilution, cost of equity capital. Provided analytic and financial planning support to the Associated Company Treasury Organizations. Recommended policies to senior management on ramifications for Department of Justice-induced divestiture, financing needs of new subsidiaries and acted as liaison to bond rating agencies.

Staff Manager, Business Marketing Development, 1979 to 1981

Developed alternative pricing strategies for business switching products and services in conformance with overall market and product line strategies; determined data requirements for deriving decision parameters, willingness-to-pay and market demand forecasts; performed risk, decision and financial analyses; prepared the decision analysis and pricing recommendation document (i.e., the capital budgeting case).

1975 to 1979

Citibank, N.A., New York, New York

Manager, International Banking Group, 1976 to 1979

Supervised liquidation of repossessed real estate assets, including underwriting and administration of construction loans, property management and marketing.

Research Associate, to SVP, Economic and Political Risk Management, 1975 to 1976

NON-PROFIT and CIVIC

City Council Member, City of Claremont, California (elected March 2001) also representing Claremont, California (and surrounding cities in some instances) on the following Boards and Commissions: Regional Council, Southern California Association of Governments Governing Board, San Gabriel Valley Council of Governments

Member, Board of Directors, National Black Caucus - Local Elected Officials, National League of Cities Member; Revenue and Taxation Policy Committee, League of California Cities Member, Board of Directors, California Association of Nonprofits, Elected July, 2004

Chair, Finance Committee, Village Nursing Home (Greenwich Village, N.Y.) 1988 to 1993

EDUCATION

M.S. Stanford University, 1975, Engineering-Economic Systems included internship at New York City-RAND Institute, 1973 to 1974 as Associate Mathematician. Applying management science techniques to urban management.

B.A. Yale University, 1972, Operations Research, Mathematics and Statistics.