Mr. Saunders joined Cerberus in 2003. Prior to joining Cerberus, Mr. Saunders spent eight years, from 1995 to 2003, in the investment banking division of Salomon Smith Barney (formerly Salomon Brothers Inc.), where he was involved in evaluating and executing mergers and acquisitions, public debt and equity offerings and leveraged finance transactions in the U.S., Europe, Asia and Australia. Mr. Saunders is a graduate of Queen’s University in Canada.