Zelman Team

Ivy Zelman

Chief Executive Officer

Ms. Zelman holds over 15 years of experience covering the homebuilding, building products, furniture and manufactured housing industries at various points in her career.

Prior to the founding of Zelman & Associates, Ivy worked at Credit Suisse Group from 1998 to 2007, the last 8 years as a Managing Director. During her tenure at the company, she established herself as the leading industry source for homebuilding related equity research and was widely recognized as one of the most preeminent figures in the entire industry.

Ivy has been a member of Institutional Investor’s All-America Research Team for 12 consecutive years, including eight number one rankings (1999 – 2004 and 2006 - 2007). She also earned first place 6 times in Greenwich Associates’ Institutional Research Services Poll. Ivy was featured by Forbes magazine three consecutive years from 2002-2004 as the number one earnings estimator among over 3,300 security analysts.

In 2005 and 2006, she was ranked 14th in Builder Magazine’s Power Broker list of the 50 most influential people in homebuilding, which included such luminaries as President George W. Bush and Alan Greenspan. Ivy was also recognized as one of the Top 10 Women to Watch by Jewish Women’s International magazine in 2005.

Before joining Credit Suisse, Ivy worked at Salomon Brothers from 1990 to 1997 with the last five years spent in Equity Research. She received a Bachelor of Science from George Mason University in 1990 while working full time at Ernst & Young in Virginia. She currently lives in Cleveland, Ohio with her husband David and three children Zoey, Zachary and Zia.

Malinda Grinage

Executive Administrative Assistant

Ms. Grinage is responsible for scheduling marketing trips, organizing client conferences, managing client databases and performing all administrative functions of Zelman & Associates. Malinda has worked with Ivy Zelman since 1994 performing these and other responsibilities, most recently at Credit Suisse Group. In addition, Malinda has held administrative positions throughout her career on Wall Street at firms such as Salomon Brothers, Hambrecht & Quist and Drexel Burnham Lambert. She also held the position of Director of Investor Relations at Isis Pharmaceuticals based in San Diego, CA. Malinda has had administrative experience with firms outside of Wall Street such as William M. Mercer consultants, Jands' Inc advertising and Blue Cross & Blue Shield health insurance.

Dennis McGill

Director of Research

Mr. McGill has specialized in homebuilding and building products research and analysis since 2001, primarily at Credit Suisse Group in New York. At the company, he was a Senior Associate Analyst from 2001 to 2007 as part of Ms. Zelman’s Equity Research team.

Before joining Zelman & Associates, Dennis was a Vice President at Silverman Development assigned to land transaction research and acquisition.

Dennis earned a Bachelor of Arts with a concentration in Economics and a Master of Accounting from the University of Michigan. He holds the Chartered Financial Analyst (CFA) designation, is a member of the New York Society of Security Analysts and is certified with the Series 7, 24, 63, 86 and 87 licenses.

Alan Ratner

Vice President, Research

Mr. Ratner is principally responsible for the research and analysis of the homebuilding and building products industries for Zelman & Associates. Prior to joining the firm, Alan was a Research Associate at Credit Suisse Group in New York as part of Ms. Zelman’s research team.

In 2005, Alan received a Bachelor of Business Administration with emphases in finance and accounting from the Stephen M. Ross School of Business at the University of Michigan. He is currently a Level III CFA candidate and is Series 7, 63, 86 and 87 registered.

Jessica Pall

Associate, Research

Jessica joined Zelman & Associates to assist in the research and analysis of the homebuilding and building products industries. Prior to joining, she was a Research Associate at Bear, Stearns & Co. focusing on the consumer sector.

Jessica graduated from Yale University with a Bachelor of Arts in Economics in 2007. She is certified with the Series 7, 63, 86, and 87 licenses and is currently a Level I CFA candidate.

Michele Segalla

Managing Director, Director of Sales

As the head of Zelman & Associates sales team, Michele is responsible for managing and fostering the company's client relationships.

Michele joined Zelman & Associates after 19 years in Institutional Equities at Bear, Stearns & Co. and J.P. Morgan Securities. Michele leaves Bear Stearns after nine years; four as an Equity Product Manager and five years in Institutional Equity Sales.

Prior to Bear Stearns, Michele spent ten years at J.P. Morgan Securities in Institutional Equity Sales and Equity Research. During her tenure at J.P. Morgan, she received an Executive Master in Business Administration from the Wharton School at the University of Pennsylvania. Michele earned her Bachelor’s degree at Syracuse University. She currently resides in Connecticut with her husband Kevin and two children Griffin and Sofia.

John Kranik

Managing Director, Sales

As part of Zelman & Associates sales team, John is responsible for managing and fostering the company's client relationships.

Prior to joining Zelman & Associates, John spent nine years as an institutional equity salesperson at Bear, Stearns & Co., most recently as a Senior Managing Director. His account coverage responsibilities included a combination of hedge funds and mutual funds. Before attending business school, John spent five years at Deloitte & Touche LLP as a Manager / Senior Accountant in the Investment Company Services Group. John earned his Bachelor of Science in Accounting from Syracuse University and his Master of Business Administration from The University of Texas at Austin. He is a Certified Public Accountant.

Brandon O'Daniell

Managing Director, Sales

As a member of Zelman & Associates sales team, Brandon is responsible for managing and fostering the company’s U.S. and International client relationships. He joins the firm after spending eight years with Merrill Lynch in the Capital Markets and Institutional Equity Sales departments, most recently as a Director. For the past five years, he was a senior contributor within the Institutional Equity Sales division where he was responsible for covering some of the largest hedge funds and asset managers in the U.S. across a wide variety of equity and equity-linked products.

Prior to Merrill Lynch, Brandon spent three years with Credit Suisse in the origination and execution groups of both the fixed income and equity divisions. He earned a Bachelor of Arts in Pre-Medicine and Economics from Columbia University in 1998.

Lauren Bome

Vice President, Sales

As part of Zelman & Associates sales team, Lauren is responsible for managing and fostering the company's client relationships.

Lauren joined Zelman & Associates from Bear, Stearns & Co. where she was a Vice President in the Equity Research Product Management group for two years. Lauren earned a Bachelor of Arts in Economics and Environmental Studies from the University of Pennsylvania in 2005. She continued her education at Columbia University, where she received her Master of Public Administration in Environmental Policy.

Kimberly Gray

Sales Assistant

Kimberly Gray joined Zelman & Associates to develop the Sales Support Team. Her responsibilities include working closely with clients and managing the daily operations of the firm's sales efforts. Mrs. Gray has several years of experience within the wealth management and financial services industries, including tenures with Aurum Wealth Management Group, Bernstein Global Wealth and Management Group, and Huntington National Bank. A graduate of the Ohio State University in 2001, she received a Bachelor of Arts degree with a concentration in Political Science.

David Zelman

President

Mr. Zelman is responsible for the execution of day-to-day operations in addition to overseeing the firm’s sales efforts.

David has over 15 years of experience on Wall Street with the majority of that time being spent as an equity salesperson and sales trader

David graduated with a Bachelor of Science in Marketing from Ohio State University in 1984 and earned his Masters in Business Administration from New York University in 1991.

Anthony McGill

Managing Director, Advisory & Capital Markets

Prior to joining Zelman & Associates, Tony spent eight years in Equity Capital Markets at Bear, Stearns & Co., most recently as an Associate Director, specializing in capital structure advisory, transaction structuring, origination and execution, tender offers and buybacks across multiple industries.

Tony graduated with a Bachelor of Arts in Economics from Columbia University in New York City and earned his Master of Business Administration degree, with distinction, from the University of Oxford. He holds the Chartered Financial Analyst (CFA) designation, is a member of the New York Society of Security Analysts and is certified with the Series 7, 55, and 63 licenses.

Steve Wank

Chief Financial Officer

Steve brings nine years of industry experience to Zelman & Associates. Prior to joining the Zelman team, Steve was the Chief Financial Officer and the Chief Compliance Officer at Longbow Research, LLC. Before that, Steve worked in public accounting for six years where he specialized in auditing brokers and dealers in securities. Much of his time was spent assisting his clients in FINRA and SEC compliance.

Steve holds his Series 7, 24 and 28 licenses, and continues to hold an active CPA license. He received his Bachelor of Science degree in Accounting from Bowling Green State University. A member of the American Institute of CPAs, Steve was a founding board member of the Cleveland Professional 20/30 Club. Steve resides in Cleveland with his wife Melissa and is the proud parent of two children, Brayden and Curran.