Chief Executive Officer, Magni Global Asset Management LLC

Kurt Lieberman

Magni is the leader in country-level research on corporate governance. The US based research and asset
management firm believes Countries Matter™ when investing internationally and constructs country-level
portfolios based on each country’s ability to provide an environment conducive to effective corporate
governance. Magni’s research process uses widely-accepted economic concepts to assess the legal,
regulatory, and economic infrastructure of a country. Magni has more than fifteen years of proprietary
research on the investible countries of the world and more than thirteen years of performance for its
portfolios.

Previously, Mr. Lieberman has led businesses of many different sizes, including 4 startups. One of the
startups was sold to McKinsey & Company. He has also held senior positions at public companies,
including Thomson Reuters. Mr. Lieberman has worked to improve communities through social service,
education, and welfare organizations. He and his wife, Lisa, are very proud of their two adult children.