Experience

Governance

Independence

MAX C. CHAPMAN JR.

Chairman

Max C. Chapman Jr. serves as the chairman of the board of members of Luxon Financial, LLC.

From 1989 until 1999, Mr. Chapman held several executive positions within the Nomura Securities Co., Ltd. (Tokyo) group of companies. In 1989, he was named co-chairman of Nomura Holding America Inc. He was appointed chief executive officer in June 1992, a title he held until he became non-executive chairman in 1996. He became a director of the Nomura Securities Co., Ltd. (Tokyo) in 1990 and was promoted to managing director in 1996. He served as chairman of Nomura Europe Holding plc (London) in 1997 and 1998. He relinquished all Nomura positions effective March 1999.

From 1969 until 1989, Mr. Chapman was employed at Kidder, Peabody & Co., Inc. He began his career at Kidder, Peabody in the corporate finance department, serving as an investment banker until 1980, during which time he became vice president and shareholder. In 1980, he founded the financial futures department, and in 1983 he became director of the fixed-income group while retaining his other responsibilities. In 1986, he co-founded the high-yield bond group, and a year later he was appointed director of Kidder, Peabody’s global capital markets group. In 1987, he was elected president and chief operating officer of Kidder, Peabody Group, Inc., the holding company, and president and chief executive officer of Kidder, Peabody & Co., Inc., its investment banking and broker-dealer subsidiary. He also served as a member of the board of directors and vice chairman of the management committee of Kidder, Peabody Group, Inc., and was a member of the board of directors of General Electric Capital Corporation and General Electric Financial Services, Inc.

Mr. Chapman joined the board of directors of the American Stock Exchange in December 1990 and became a vice chairman in May 1996, a position he held until the AMEX was sold to the NASD in October 1998. During this time, Mr. Chapman also served as a director of the Chicago Mercantile Exchange, the Futures Industry Association, and the Securities Industry Association. He is chairman of the University of North Carolina at Chapel Hill Foundation Investment Fund, Inc., chairman of the National Fish and Wildlife Foundation, and a trustee of the Grand Teton National Park Foundation and the National Air and Space Museum.

Mr. Chapman received a BA in economics with honors in 1966 from the University of North Carolina at Chapel Hill and an MBA in finance in 1969 from Columbia Business School.

JOSEPH L. DOWLING III

Advisory Board

Prior to his appointment as chief executive officer of the Brown University Investment Office, Joseph Dowling III served as chief investment officer at Brown University since June 2013, a role in which he managed the University’s $3.7 billion endowment and its 21-member investment office. Before joining Brown, he was the founder and chief executive officer of Narragansett Asset Management, where he managed funds for institutions, pension funds and endowments. An accomplished investor with experience in public and private equity, real estate, commodities and currencies, Dowling has also worked for First Boston, Tudor Investments and Oracle Partners, and he currently serves on the advisory board for Harbor Funds and on the board of directors for Integrated Electrical Services.

Mr. Dowling has a bachelor’s degree and a master’s in business administration from Harvard University. His father, Joseph Dowling Jr., graduated from Brown in 1947, taught medicine at the University and served as a Corporation trustee.

MARK M. GAMBILL

Chairman Emeritus

As Founding Partner of Cary Street Partners, Mark Gambill brings to Cary Street Partners nearly 30 years of experience in the leadership of one of America’s largest and most highly regarded regional organizations, Wheat First Butcher Singer. At Wheat First, he founded and headed the capital markets group. In 1996, Mr. Gambill became president of the firm and, under his leadership, Wheat First became one of the Mid-Atlantic and Southeast’s preeminent investment banking and brokerage firms, growing to firm assets of $1.2 billion, revenues of $600 million and 128 offices located in 20 states.

After a 1998 merger with First Union Corporation, Mr. Gambill served as president of Wheat First Union and later Head of Equity Capital Markets. In 2002, Mr. Gambill joined forces with Tom Tullidge to form Cary Street Partners. Throughout his career, Mr. Gambill has maintained an active presence in the financial community as a principal investor, financial advisor and board member.

Mr. Gambill graduated from Hampden-Sydney College, summa cum laude and valedictorian.

JOSEPH R. SCHMUCKLER

Chief Executive Officer

Mr. Schmuckler joined Luxon Financial LLC in 2015 after more than 30 years of experience in leading and helping to build and expand global diversified financial service firms.

Mr. Schmuckler joined Kidder, Peabody & Co., Inc. in 1982 as an associate in the firm’s new financial futures and options department. Eight years later, he was named a Partner and led the institutional coverage desk for the firm’s global equity-related derivative products and portfolio trading. In 1990, Mr. Schmuckler joined Nomura Holdings (NYSE: NMR) and began what became a 17-year career helping to globalize the firm. He began where he left at Kidder by developing the firm’s equity-linked businesses in the Americas and Europe, and eventually was named co-head of the overall equity business in the Americas. In 1998, he was named President of the firm’s US broker-dealer and subsequently the Chief Operating Officer for the firm’s business in the Americas.

In 2007, Mr. Schmuckler left Nomura to head the global markets business for one of the world’s largest financial organizations, Mitsubishi UFJ Financial Group (NYSE: MTU). Based in Tokyo and with responsibilities for the securities and capital markets division globally, Mr. Schmuckler led all equity and debt activities in Europe, U.S. and Asia.

In 2010, Mr. Schmuckler joined Medley Capital as managing partner to help build what became one of the leading middle market corporate lending firms.

Mr. Schmuckler graduated from the University of Delaware with a B.S. in finance and from New York University with an M.B.A.

ANSON H. BEARD

President

Prior to joining Luxon Financial LLC in 2017, Mr. Beard was with Vollero Beach Capital Partners LLC, a New York based long-short hedge fund, where he joined in 2010 as president. For six years, he was responsible for all managerial aspects of the business, including business development, marketing, legal, service providers, sales coverage/street relationships, client relations, personnel oversight (analytical and operational), hiring, and interaction with all counterparties. Mr. Beard helped facilitate growth in AUM from approximately $100 million in January 2010 to peak AUM of approximately $900 million.

Beginning in 2008, Mr. Beard was with Duff Capital Advisors, a boutique alternative asset management firm, where he rose from a Managing Director and Head of (internal) Investment Manager Sourcing to the Management Committee and named Head of the Investment Strategies Group.

Starting in 2004, Mr. Beard worked at BlackRock, Inc. where he rose to Managing Director and Portfolio Manager. He was responsible for evaluating and selecting investments in long/short equity hedge fund managers globally and monitoring managers utilized by BlackRock’s Alternative Fund of Funds group. He oversaw approximately $1.3 billion of BlackRock’s exposure to hedge funds, including the Asia-Pacific Partners fund.

In 2001, Mr. Beard was the founder, managing partner and portfolio manager of Archimedes Capital Partners LLC, where he managed a diversified long/short equity hedge fund. He oversaw all aspects of creating and managing the firm.

Mr. Beard worked at Tiger Management LLC where he was one of three analysts responsible for Tiger Management’s commodity and basic industrial equity investments. He began his career in 1994 as an associate equity analyst specializing in machinery, metals and mining at Donaldson, Lufkin & Jenrette.

Mr. Beard graduated from the University of Virginia with a B.A. in History and from Columbia University with an M.B.A.

DOUGLAS G. STEWART

Financial Advisor, Managing Director

Doug Stewart founded Stewart Wealth Management Group in 2002 and merged his firm with Cary Street Partners in 2007. Prior to Cary Street Partners and Stewart Wealth, Mr. Stewart served as Branch Manager for Wheat First Securities’ Fredericksburg office. While at Wheat First, Mr. Stewart was consistently ranked in the top 1% of all advisors and recognized as one of the firm’s top Branch Managers.

Mr. Stewart has been recognized as a top 10 broker in the country by Registered Representative magazine and as one of the top 5 Financial Advisors in Virginia by Virginia Business Magazine and R. J. Shook’s book, “The Winner’s Circle.”

For Mr. Stewart, serving his clients and community is paramount. He is past Chairman of the board of Fredericksburg Academy, George Washington’s Fredericksburg Foundation, and the Mary Washington Hospital Foundation. He is a founding member of the Community Foundation of the Rappahannock River Region and a board member of the Northern Neck Insurance Company, the Virginia Tech APEX Systems Center for Innovation & Entrepreneurship and the University of Virginia Healthcare Foundation Board. He has also served as a Trustee of St. George’s Episcopal Church, Director of Virginia Heartland Bank and board member of the Virginia Tech Athletic Foundation. As a mark of his service, Mr. Stewart has received the Jim Wheat Community Service Award.

Mr. Stewart was born and raised in Blacksburg, Virginia and graduated from Virginia Tech with a B.S. in Business.