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Dr. Scott B. MacDonald serves as a senior consultant at KWR International, Inc. (KWR); a firm specializing in the delivery of research, communications, consulting and advisory services for public and private sector clients. Concurrently, he serves as Director of Research at Aladdin Capital, a Connecticut-based fund management firm that invests in fixed income securities. Previously he served as Chief Economist and Director of Investor Relations at KWR. Prior to that position he was the Director of Sovereign Research for Donaldson, Lufkin & Jenrette from 1995 to 1998 and the Sovereign Analyst for Credit Suisse First Boston from 1993-1995. Institutional Investor Magazine rated him as the second best sovereign analyst on its All-America Fixed Income Research Team in 1996, 1997 and 1998 and the third best in 1995. He was also rated third for analysis of Canadian sovereign bonds by the same institution in 1997.