David Nicosia Joins Maryland Capital Management

Press Release
Stephen Schuler, President
Maryland Capital Management
410-547-2666

October 11, 2011

Maryland Capital Management (MCM) is pleased to announce that David A. Nicosia has
joined the firm as a Senior Vice President and Head of the firm’s Institutional Sales and
Marketing efforts.

Prior to joining MCM, Dave was a Senior Director, responsible for Institutional Sales and
Strategic Platform Development at Advanced Investment Partners, an active quantitative
manager and former affiliate of State Street Global Advisors. In previous roles, Dave
was a Vice President at Old Mutual Asset Management covering the Institutional and
Broker/Dealer marketplaces and an Assistant Vice President at AllianceBernstein.
Dave earned an M.B.A. from the Richard J. Bolte, Sr. School of Business at Mount Saint
Mary’s University and a B.A. in Rhetoric from Mount Saint Mary’s University.

Stephen Schuler, President of Maryland Capital Management, states “We are delighted to
welcome Dave to the firm as we enter a new stage of growth for the company. Dave will
spearhead our efforts to provide investment management services to the institutional
community. He is a highly motivated individual that brings invaluable experience,
dedication and expertise to our firm.”

Founded in 1978 and based in Baltimore, Maryland Capital Management (MCM)
provides investment management services for individuals, families, endowments &
foundations, corporations and public plans.