Board & Leadership

Mr. Marcelino is the Chairman of Egan-Jones' Board of Directors and is an accomplished securities attorney with considerable expertise in the enforcement and compliance fields. Mr. Marcelino enjoyed a twenty-year career at the U.S. Securities and Exchange Commission ("SEC"), where he was committed to the goals of investor protection and the stability of our nation's capital markets. Mr. Marcelino's career at the SEC started in Washington, D.C. with the Division of Enforcement, where he rose through the ranks to become the supervisor of the newly created SEC Bank Fraud Task Force. Subsequent to his SEC career, Mr. Marcelino engaged in a securities defense practice as a partner at Greenberg Traurig and Nelson Mullins. Mr. Marcelino received an A.B. from Brandeis University, a J.D. from Catholic University Law School, and an LL.M. (Securities Regulation) from Georgetown University Law Center.

Sean Egan is a co-founding partner and CEO of Egan-Jones Ratings Company, organized in 1995 to provide timely, accurate credit ratings. Over the past decade, Egan-Jones has provided risk managers with warnings on Ambac, Countrywide, Enron, Greece, Lehman, MBIA, New Century, and many others well in advance of the majority of market participants. Fortune Magazine named Mr. Egan the number one person for warning about the 2007 credit crisis. Mr. Egan has appeared on most major media outlets and has testified numerous times in front of Congressional committees. Prior to founding Egan-Jones, Mr. Egan worked as a commercial banker for JP Morgan, an investment banker for Oppenheimer, and a management consultant with KPMG Peat Marwick. Mr. Egan graduated from the State University of New York at Buffalo and received an MBA from Harvard University.

Mr. McClain was appointed as Arkansas's 24th Insurance Commissioner by Governor Asa Hutchinson on April 3, 2020, and continued serving in that position under Governor Sarah Huckabee Sanders until August 31, 2025. Mr. McClain served thirteen years with the Arkansas Workers' Compensation Commission, where he spent almost nine years as its Chief Executive Officer. While Insurance Commissioner, Mr. McClain served on the NAIC Executive Committee; served two years as Chair of the Property & Casualty (C) Committee; and was the recipient of the NAIC's 2024 Raymond G. Farmer Award for Exceptional Leadership. Mr. McClain now operates an independent regulatory consulting firm. He holds an undergraduate degree from Hendrix College and a Master of Public Administration from the University of Arkansas at Little Rock.

Roger Ackerman is an experienced investment professional, currently serving as Investment Director at Loomis, Sayles & Company, a role he has held since 2009. He specializes in the creation and delivery of multi-asset and systematic investment strategies and solutions, including alternative risk premia, index replication, smart beta, and other non-traditional approaches. Prior to Loomis Sayles, Ackerman was a Vice President at Fidelity Investments, where he focused on structured products, structured notes, and hedging and monetizing solutions. His earlier career included Director-level roles at Dresdner Bank and Fleet Bank, centered on credit derivative structuring, marketing, and sales. Ackerman holds a B.S. in CPA Accounting from Syracuse University's Martin J. Whitman School of Management and an MBA in Finance from NYU Stern School of Business.

Mr. Kearns currently serves as Head of Alpha Strategies, Vice President, and Portfolio Manager at Loomis Sayles & Company, where he has worked since 2007. Under Mr. Kearns' leadership, the business has grown to directly manage over $8 billion in assets under management and co-manage an additional $4+ billion with other Loomis Sayles teams. Mr. Kearns leads a team of 16 who have expertise in Credit, Equity, Fixed Income and Systematic Quantitative Strategies. Prior to Loomis Sayles, Mr. Kearns worked at Boldwater Capital Management, FleetBoston/BankBoston Corporation, Coopers & Lybrand and Federal Home Loan Bank of Boston. Mr. Kearns holds a B.S. in Physics from Bridgewater State University and an M.B.A from Bryant University.