StanCorp Investment Advisers requires that anyone involved in determining and/or giving investment advice to clients must possess, at minimum, a college degree, the Chartered Financial Analyst designation or other financial industry designation, or an equivalent level of work experience.

Investment Committee Members and Principal Officers

Kim W. Ledbetter, FSA, President
Kim Ledbetter holds a Bachelor of Science degree in Economics and Mathematics from Claremont McKenna College. Kim achieved his designation, Fellow, Society of Actuaries, in 1980. He has been a director since the company's inception, and he became president in June of 2004. Kim is also the Senior Vice President of Asset Management for Standard Insurance Company. He has been with Standard Insurance Company in various capacities since 1974.

Julie A. Grandstaff, CFA^®, Vice President and Managing Director
Julie Grandstaff holds an MBA from California State University and a Bachelor of Science degree in Finance from Arizona State University. She achieved her Chartered Financial Analyst designation in 1996. Julie has been Vice President since the company's inception and is a member of the investment committee. She is also a Vice President with Standard Insurance Company, which she joined in 1998. Prior to that she worked with Investment Management Consultants beginning in 1997, and Bailard, Biehl & Kaiser beginning in 1986.

Dan Stancil, Assistant Vice President
Dan joined The Standard in 1978 and has served in a variety of capacities. He joined StanCorp Investment Advisers in 2007 as AVP of Financial Planning and Operations. Prior to that, he led the Eastern Region Operations group for Standard Insurance Company. Dan is a graduate of Western Washington University. He earned his Certified Employee Benefits Specialist designation in 1988.

Kim Ceserani, CFA^®, Director, Investment Management
Kim Ceserani has been with StanCorp Investment Advisers since 2001 and previously served in the same capacity with Standard Insurance Company since 1987. Her team selects and monitors investments and manages investment portfolios for the private client group, The Standard's retirement plans and Standard Insurance Company. Her specialties are mutual fund research and fixed income analysis. Kim achieved her Chartered Financial Analyst designation in 1999 and holds a Bachelor of Science degree in Finance from Portland State University.

Rajiv Jain, CFA^®, Senior Portfolio Manager
Rajiv Jain has been with StanCorp Investment Advisers since 2002. His specialty is fixed income analysis. Prior to that, he worked for Intel and Sears Roebuck and Co. Rajiv holds an MBA and an MSEE from Purdue University and the University of Chicago School of Business. He received his Bachelor of Science degree from the University of Minnesota, and achieved his Chartered Financial Analyst designation in 2000.

Patricia Montgomery, Bond Research Analyst and Trader
Pat Montgomery has been with StanCorp Investment Advisers since 2001. Since joining The Standard in 1975, she has had experience with virtually all aspects of the securities operation. Her primary responsibilities include acquiring bonds for StanCorp Investment Advisers' clients. Pat is a member of the investment committee. She holds a Bachelor of Science degree in Business Administration from Portland State University, is a Fellow of the Life Management Institute (FLMI), and is working towards her certification as a Certified Financial Planner. She is also a licensed tax consultant.