Norman Milner is a Managing Director and Co-Portfolio Manager in the Credit Trading Group at Ramius LLC. He joined Ramius in September 2008. Mr. Milner was most recently a Partner, Portfolio Manager and Head of Trading at Arx Investment Management. Prior to that, he worked at Trident Investment Management LLC as a Portfolio Manager for the Macro Hedge Fund in New York. From 1996 to 1999, Mr. Milner was the Head Derivative Trader at Morgan Stanley in New York and London. Prior to that, he worked at Investec Bank and Price Waterhouse in Johannesburg, South Africa. Mr. Milner holds an undergraduate degree in Commerce and a postgraduate degree in Accountancy from the University of the Witwatersrand, in Johannesburg.