David Jeffrey Associates, Inc. - Virginia C. Ashcraft



	VIRGINIA C. ASHCRAFT

EDUCATION	Master of Business Administration with Distinction, New York University, 1979 Bachelor of Arts cum laude, Smith College, 1971
EMPLOYMENT	Currently a Financial Consultant for David Jeffrey Associates, Inc.
1982 -Present:	David Jeffrey Associates, Inc. - Associate
1971-1982:	Morgan Guaranty Trust Company of New York, Financial Analysis Department 1978-1982: Vice President, Client Advisory Group. Coordinated financial consulting projects undertaken for bank clients. Key aspects of job were marketing, issue identification, project definition, and quality control. Studies covered wide range of topics including debt capacity, bond and commercial paper rating advice, capital structure, cost of capital, valuations, dividend policy, acquisition strategy, industry studies, and so on. Also participated on department's personnel recruiting committee. 1972-1978: Financial Analyst specializing in the nonferrous metals industry with some exposure to the steel and chemical industries as well. Analyzed credit risk of existing loans and new business opportunities for the Bank. Undertook financial consulting assignments for clients. Major projects included financial planning, acquisition screens, industry studies, valuations, project finance feasibility studies, and so on. Also analyzed existing and prospective investments for the Bank's venture capital subsidiary.
OFFICIAL TITLES	1978-1982: Vice President 1975-1978: Assistant Vice President 1973-1975: Assistant Treasurer
PROFESSIONAL DEVELOPMENT	Institute of Chartered Financial Analysts, CFA Awarded 1979. Morgan Guaranty Management Development Programs: Public Speaking, 1981. Account Management, 1979. Commercial Bank Management Program, 1971. Xerox Professional Selling Skills, 1980.
PROFESSIONAL ASSOCIATIONS	Association for Investment Management and Research New York Society of Security Analysts Beta Gamma Sigma
MASTER’S THESIS	"An Evaluation of Credit Risk: Theoretical Developments and a Comparative Analysis of the Empirically-Based Models of Lawrence Fisher, Edward Altman, et al.; and Jarrod Wilcox." Awarded 1979 Money Marketeers Prize for best paper in banking and finance.