TOD KERSTEN

Tod Kersten, 40, joined Enterprise Investors (EI) as a partner. In his new position, Kersten will work on exits from EI's portfolio companies and develop and maintain relationships with existing as well as potential investors in EI-managed funds. Kersten began his career as a banker in the United States but spent the last 11 years in Central Europe, mainly in Poland. Kersten worked for the Polish-American Enterprise Fund from 1991-1995, the National Bank of Poland in 1994, and was the U.S. Treasury adviser to Poland's finance minister from 1995-1997, working primarily on the privatization of Bank Handlowy. In 1997 he joined the investment bank Lazard as a director and worked on a number of transactions in Poland, the Czech Republic, Romania and Turkey. Kersten has bachelor's degree in biochemistry from Yale University. He is conversant in Polish.