Michael B. Abrahams

Michael B. Abrahams has been a Director of Downey Financial Corp.
and the Downey Savings & Loan Association since 1999.
He is President of New Markets Advisory LLC and General Partner of the New Markets Financial Fund.
Mr. Abrahams was Managing Director of Hoefer & Arnett, Inc. from 1999 to 2006.
He was Senior Research Analyst of Sutro & Co. from 1996 to 1999 and Senior Vice President of Investment Banking for Oppenheimer & Co., Inc. from 1991 to 1996.
Mr. Abrahams was a Research Analyst of Bateman Eichler from 1988 to 1991 and Johnston, Lemon & Co. from 1986 to 1988.
He was Policy Analyst of the Executive Office for the President, Office of Management and Budget at Washington DC from 1981 to 1986.