James A. Kaplan, CFA -
Chairman and Founder
Jim is a well known expert in quantitative financial analysis and a highly successful
entrepreneur. In his early career as an analyst and portfolio manager, he became well known
for his groundbreaking application of quantitative techniques to problem-solving in
finance, and a leading proponent of Modern Portfolio Theory.
In 1979, Jim founded Capital Management Sciences (CMS), serving as President from 1979-1999
and establishing CMS as the world’s top purveyor of fixed income portfolio analytics,
with more than 500 financial clients. During his tenure, the firm introduced CMS BondEdge,
a recognized leader in investment technology and the chief independent source of research,
analytics and valuation tools for the global bond market.
Following the sale of CMS, Jim has had a string of successful entrepreneurial ventures. As
founding director of Marketwatch, Jim helped realize the Internet’s potential as a
delivery mechanism for real-time market data information. Among other ventures, he founded
the leading luxury travel destination site, Luxury Link.
In the wake of the notorious scandals in the early years of this decade, Jim once again
recognized the potential to utilize quantitative techniques to drive insightful risk
management services. He founded Audit Integrity in 2002 to identify risks in financial
reporting and corporate governance practices, in support of corporate stakeholders at risk
from inaccurate or misreported corporate information.
Jim received his Bachelor of Arts Degree in Anthropology from the University of Colorado
and a Masters of Business Administration from California State University. He is also a
Chartered Financial Analyst.
Jack Zwingli -
Chief Executive Officer
Jack has led businesses both large and small to notable success. Over a decade at Standard
& Poor’s, Jack had overall management responsibility for many of S&P’s
well-known business lines and products, achieving strong top-line growth and global
expansion. Some of the many business information services Jack managed include the
Compustat financial database services, the equity analytical group responsible for
producing stock ratings and Stock Reports, and S&P global indices--including the
company’s venerated "S&P 500 Index."
As CEO of Vantra Group, Inc, a software and ASP business providing online brokerage
technology, Jack led the company to a market-leading position and successful sale.
Jack also held management positions in marketing and product development at Dun &
Bradstreet and Automatic Data Processing.
Jack holds a BS in Marketing from Indiana University and an MBA from Rutgers University.
In Memoriam
David Stoner (1958-2007) -
President and Co-Founder
Prior to co-creating Audit Integrity, Dave held a number of key development and technology positions for Wall Street and financial services firms. He began his career in the Management Information Systems division of Arthur Anderson & Co., before moving to Salomon Brothers to run the structured finance software development group. Moving to the front office, Dave held senior positions in structured finance at Shearson Lehman Hutton and Nomura Securities International in New York.
Following his work on Wall Street, Dave founded and ran Artisan Analytics, a structured finance software and analytics firm which developed major software products in support of several leading financial institutions. Dave was also Lead Database Architect of HelloBrain, an Internet company focusing on connecting engineers and developers with companies requiring new product development, and at the San Diego Supercomputer Center (SDSC).
Dave graduated from Harvard University in 1983 with a Masters degree in City and Regional Planning and from the University of California, Irvine, in 1981 with a Bachelors degree in Economics.
John Condon -
Managing Director and Chief Sales Officer
With deep roots in the business and financial information services markets, John led sales
teams at both Moody’s and its spin-off successor company, Mergent, Inc. for over 20
years prior to joining Audit Integrity.
John represented Moody’s Financial Information Services (FIS) Group, rising to Vice
President – National Sales Manager. During his tenure as SVP-Sales at Mergent, Inc.,
John was instrumental in establishing brand awareness, recruiting and training sales and
client services staff and driving new product revenue. John’s work had a significant
impact on the successful emergence and subsequent growth of Mergent, Inc.
John holds a BS in Political Science from St. Michaels College Colchester, Vt.
Agnes Grunfeld, CFA -
Senior Research Analyst
For the past 30 years Agnes has worked in the financial services industry and has
specialized in quantitative analysis of fixed income securities, portfolio management, and
associated software development and support. At Audit Integrity, Agnes is responsible
for writing reports and analysis on companies and topics of interest, and contributing to
the development and enhancement of our proprietary quantitative models.
Before joining Audit Integrity, Agnes had been with Citigroup Investments and Capital
Management Sciences, providing advanced investment applications quantitative analytic
support to fixed income traders, portfolio managers, credit research and risk managers.
Earlier in her career, Agnes worked at L.F. Rothschild, Unterberg & Towbin as a credit
analyst, and was an equity analyst for Goldman Sachs.
Agnes’ educational background is in mathematics. She holds a BA from Brooklyn College
of CUNY and a Masters from Columbia University. She is a Chartered Financial Analyst.
Daniel Wang -
Chief Technology Officer
Before joining Audit Integrity in 2004, Daniel served as CTO and VP of Software Development
at Xdrive, Inc., now an AOL company. He led Xdrive’s engineering and product
management efforts to deliver storage and collaboration software for some of the
world’s biggest telecom operators. At the same time, Daniel was responsible for the
operations of Xdrive’s flagship consumer data service with over 10 million
subscribers – the largest of its kind.
Prior to Xdrive, Daniel co-founded Lucerne Systems as a provider of hosted content
management software for enterprises, managed the business from startup to profitability in
less than a year, and engineered its eventual acquisition by Internet portal Business.com.
Previously, at nCommand, Inc., Daniel led the development of a graphical workflow engine
powered by XML technologies, an industry first.
In addition, Daniel has held senior engineering positions at Computer Associates and the
Disney Internet Group.
Daniel earned his Bachelor’s and Master’s degrees in Computer Science from UC
San Diego and SDSU, respectively. Daniel is also a council member of the non-profit VSPR
advisory group, where he focuses on technology and security issues surrounding electronic
balloting.
Sarah Lee -
Research Analyst
Sarah's background includes experience in credit analysis and industry research, covering the financial institution, municipal, and non-profit sectors. Prior to joining Audit Integrity, she was a Second Vice President within the Risk Office, Financial Institutions and Sovereigns Group at Bayerische Landesbank. She also held previous positions at Moody's Investors Service and UBS PaineWebber.
Sarah received a MBA from Yale School of Management, a certificate from Stanford University, and a BA from Wake Forest University.
