Mr. Richter joined Cerberus in 2008. Prior to joining Cerberus, Mr. Richter spent 27 years, from 1981 to 2008, at Bear Stearns & Co., where he held several positions. Most recently, he was a Senior Managing Director in the Fixed Income Group, where he specialized in the development and distribution of structured products secured by a variety of residential mortgages, including prime, alt-a and subprime. Previously, Mr. Richter traded and managed the sales force of the Commodity Arbitrage Group. Mr. Richter is a graduate of Fordham University and received a J.D. from Pace University.