1. Mark Fleming, CFA, FRM
827 Flourmill Ct
Independence, KY 41051
Mark.E.Fleming@gmail.com
(269) 720-1566
Employment History
Fifth Third Private Bank | Associate Vice President | March 2016 – Present
Equity Research Analyst | March 2016 – Present
Fleming Capital, LLC | President | September 2014 – March 2016
Chief Investment Officer | September 2014 – March 2016
FSI Group | Vice President | January 2013 – December 2015
Equity Research Analyst | January 2013 – December 2015
Fifth Third Private Bank | Associate Vice President | November 2007 – January 2013
Equity Research Analyst and Portfolio Manager | September 2009 – January 2013
Buy-Side Equity Trader | February 2008 – September 2009
Equity Model Specialist | November 2007 – February 2008
JPMorgan Asset Management | October 2005 – November 2007
Investor Services Representative | October 2005 – November 2007
Summary of Qualifications and Achievements
Portfolio Management
 Managed Fifth Third’s Global Real Estate strategy for the private bank. Responsible for all aspects of the strategy, including initial
concept, quantitative models, stock selection, global allocation and marketing. Sharpe ratio in the top 8% of its Global Real Estate peer
group from 2010 inception through departure of the firm in December 2012. 82% upside capture, 64% downside capture since inception.
 Managed long/short exposure across Real Estate, Asset Management, Investment Brokerage and Financial Technology industries across
all market caps for FSI Group, an equity long/short hedge fund concentrated in the financial sector. (January 2013 – December 2015)
 Personally developed sub-industry specific quantitative models used by bank's equity analysts to identify undervalued and overvalued
equity securities resulting in nine out of ten sectors, outperforming sector benchmarks in 2010
 Manage Fleming Cap Global Long Short equity hedge fund. 2015 7.06% total return (compared to MSCI Developed World Index 0.02%
total return) with 7.75% annualized volatility (compared to MSCI Developed World Index 15.1% annualized volatility). Average gross
exposure 85% and average net exposure 35%. Profitable both long and short.
Equity Research Analysis
 Process – Utilize Growth at a Reasonable Price (GARP) quantitative model to narrow coverage universe, then build detailed financial
models. Review notes from last meeting with management or schedule a call with management or investor relations.
 Financial Sector, years covered: 2009 - Present. Average outperformance while at Fifth Third Private Bank +345bps per year. FSI Group
does not officially measure individual analyst performance.
 Real Estate Sector, years covered: 2009 - year end 2015. Average outperformance while at Fifth Third Private Bank +412bps per year.
Managed Fifth Third Global Real Estate managed accounts from 2010 to 2012; strategy’s Sharpe ratio in the top 8% of its peer group
while under management.
 Telecommunications, years covered: 2009 - year end 2012. Average outperformance while at Fifth Third Private Bank +83bps per year.
 Energy Sector, years covered: 2010 - 2011. Average outperformance while at Fifth Third Private Bank +1,276bps per year.
 Community Bank Private Equity, years covered: 2013 - year end 2015. Advised private equity portfolio company management teams
and boards of directors to establish and achieve long-term strategic objectives. Oversaw three companies during their IPO process and six
companies sold to larger institutions. Provided valuations for private companies and complex derivatives. Oversaw audit process with
“Big 4” accounting firm.
 Information Technology and Utilities, years covered: March 2016 - Present. Year-end performance not yet available.
Asset Allocation
 One of twelve investment committee members for Fifth Third Private Bank, including the bank’s CIO, Chief Strategist and regional
portfolio management heads, responsible for asset allocation recommendation used by the bank’s 120+ portfolio managers to manage
$26 billion in AUM.
Portfolio Manager and Equity Research Analyst
Portfolio Manager and Equity Research Analyst with over ten years of financial industry
experience. Strong alpha generating experience across all asset classes and multiple equity
sectors. Progressive track record demonstrating ability to take on additional responsibility
and quickly adapt to change.
- Quantitative Analysis - Financial Modeling - Valuation
- Corporate Strategy - Asset Allocation - Long/Short and Long Only
- Interest Rate Analysis - Cash Flow Modeling - Relationship Management

2. Mark Fleming, CFA, FRM (269) 720 – 1566
Asset Allocation Continued
 Developed and maintained quantitative models used by Fifth Third in the asset allocation process. Designed materials for the PM field to
communicate why the quantitative models prefer various asset classes.
 Advised Fifth Third Portfolio Management team responsible for alternative strategies separately managed accounts (SMA) used to gain
exposure to long/short strategies, tail-risk strategies, managed futures and global macro strategies.
 Member of committee that chose outside managers for Fifth Third Private Bank and Fifth Third Securities mutual fund models with $6
billion AUM.
Management and Leadership
 Managed twelve interns and rotational associates for Fifth Third Investment Advisors. Responsibilities included interviews, performance
reviews and recommendations for full-time positions within the bank.
 Designed and implemented a team motivational system for JPMorgan Funds that included a large score board showing the group’s
ranking relative to external peers as measured by DALBAR and a focus on the number one competitor. This resulted in the group’s
ranking improving from 5
th
to 1
st
place.
 Managed kitchen staff of 30+ employees and $6+ million in annual revenue while attending college. Responsibilities included hiring,
firing, scheduling and promotions.
 Taught classes on JPMorgan Funds prospectuses and financial markets for JPMorgan funds 30+ investor services representatives.
 Mentor for University of Dayton’s CFA Research Challenge Team 2013 and 2015.
Trading, Operation and Legal
 Conceived, created and programmed several automated processes for both Fifth Third Bank and FSI Group, including: morning trading
and risk management process (saving 1.5 hours per day); analyst target price tracker; account opening and closing process (saving 15
minutes per account); and NAV reconciliation with fund administrator (saving 30 minutes per day).
 Performed consistently in the top 25% of equity traders as measured by Abel Noser’s users multi firm peer group.
 Oversaw search for new order management system for Fifth Third Bank and beta tested new systems for JPMorgan Asset Management.
 Developed quarterly trading report for Fifth Third Private Bank used by executive management to analyze customer trends and identify
risks previously not tracked by management.
 Set up all legal entities for Fleming Capital, LLC and Fleming Cap Global Long Short, LLLP, which includes incorporation, tax identification,
partnership agreements and offering memorandums.
Strategic Planning
 Evaluate business strategies of companies under coverage. Identify the strengths and weaknesses in management’s strategies.
 Work with private equity portfolio company management teams and boards of directors to establish and help achieve long-term strategic
objectives. Oversaw three companies during their IPO process and six companies sold to larger institutions.
 Board of Trustees for Northern Kentucky Montessori Academy. Responsible for all aspects strategic planning, including budgeting, talent
retention, and site selection for a new campus. Leading search committee to relocate and build new campus.
Relationship Management
 Travelled throughout Fifth Third Private Bank’s footprint to build and maintain relationships with 120+ portfolio managers and key
clients. Presented information to the group via weekly conference calls and presentations.
 Maintain strong personal relationships with research vendors and sell-side research analysts to ensure accurate, timely information flow.
 Maintain strong relationships with management teams of companies under coverage, creating more collaborative relationships.
Education and Designations
Western Michigan University | Kalamazoo, MI | August 2005
Bachelor of Business Administration in Finance
Bachelor of Science in Economics
Chartered Financial Analyst (CFA) Member of Cincinnati CFA society
Financial Risk Manager (FRM) Member of Chicago Global Association of Risk Professionals chapter
Volunteer Experience
Northern Kentucky Montessori Academy Board of Trustees | Crescent Springs, KY | 2015 – Present
CFA Research Challenge | 2012 – Present
Computer Skills - Expert MS Excel modeling | Bloomberg Expert | FactSet Expert| SNL Financial | Visual Basic | Microsoft Office | Eze Castle