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Collins Stewart Announces Formation of Healthcare Investment Banking Alliance
Date:4/21/2011

alliance with Collins Stewart will enable us to provide equity research, and expanded distribution as well as ongoing advisory services to our clients."

Beal Advisors/Liberty Tree Advisors Senior Management Biographies

Georgia Erbez is a Managing Director and founded Beal Advisors in 2008. Georgia has over 20 years of experience in Investment Banking, and has focused on providing comprehensive investment banking services solely to life sciences companies for over 12 years. Georgia has experience across a broad array of transactions, including IPOs, follow-ons, PIPEs, convertible debt and mergers & acquisitions advisory services. From 2005 to 2008, Georgia was a Senior Vice President in the life sciences investment banking group at Jefferies & Company, Inc. From 1998 to 2002 she was with the healthcare investment banking group at Cowen and Company, most recently as Director. From 1997 to 1998, Georgia was an Associate with the investment banking group at Hambrecht & Quist and focused on healthcare services and life sciences companies. Georgia began her career in 1989 with the investment banking group at Alex. Brown & Sons where she focused on life sciences, medical technology and healthcare services companies. Georgia has completed over 65 financing and merger transactions in the healthcare industry valued at over $6.3 billion. She received her B.A. in International Relations with an emphasis in Economics from the University of California, Davis in 1989.

David Stone is the Founder and Managing Director of Liberty Tree Advisors, LLC, a boutique consulting and investment banking firm that helps emerging life sciences companies grow. Previously, he was a partner at Flagship Ventures, an early-stage venture capital firm focused on creating, financing, and building innovative companies in the Life Science and Technology sectors. A veteran of Wall Street, David followed the Biotechnology sector for nearly
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