Board of Directors

Mr Peter McMillan III

Chairman, Non-Executive and Non-Independent Director

Mr McMillan is the Co-founder of KBS as well as Willowbrook Capital Group, LLC where he is also the managing partner of the firm.

Prior to forming Willowbrook Capital Group in 2000, Mr McMillan served as the Executive Vice President and the Chief Investment Officer of SunAmerica Investments, Inc., which was later acquired by AIG. As Chief Investment Officer, he was responsible for over US$75 billion in assets, including residential and commercial mortgage-backed securities, public and private investment-grade and non-investment-grade corporate bonds and commercial mortgage loans and real estate investments. Before joining SunAmerica Investments Inc. in 1989, Mr McMillan was the Assistant Vice President for Aetna Life Insurance and Annuity Company and was responsible for the company's US$6 billion fixed-income portfolios.

Mr McMillan holds a Master of Business Administration degree in finance from the Wharton Graduate School of Business at the University of Pennsylvania and a Bachelor of Arts degree with honours in economics from Clark University. Mr McMillan is a Director of TCW/MetWest Mutual Funds.