Michael C. Barela

Founded in 1991 by Michael Barela, Cordillera Asset Management, Inc. is a registered investment advisor located in Denver, Colorado. The firm provides investment services to tax-exempt, institutional sponsors and also manages assets for pension funds and endowments

Morgan Stanley & Co. LLC is a registered broker-dealer subsidiary of Morgan Stanley Domestic Holdings, Inc., ultimately owned by Morgan Stanley (NYSE: MS) in the US. Headquartered in New York City, the firm was founded in 1987 and provides debt and equity services including underwriting, M&A advice, securities dealing and brokerage and trade execution. Their client base ranges from large global institutional investors to hedge funds at the cutting edge of innovation in the industry.

Part of Stifel Financial Corp., Hanifen Imhoff Holdings, Inc. is a company that provides investment banking services. The company is based in Glenwood Springs, CO. Hanifen Imhoff Holdings was acquired by Stifel Financial Corp. on January 12, 2000 for $5.93 million.