M.D.C. Holdings, Inc. announced that its Board of Directors, on the recommendation of the Corporate Governance/Nominating Committee,
increased the number of directors on the Board from ten to eleven, appointed Rafay Farooqui as a Class II Director to fill the vacancy on the Board and nominated Mr. Farooqui for election as a Class II Director at the 2023 Annual Meeting of Shareholders. Mr. Farooqui is the Founder & CEO of +SUBSCRIBE, a fintech leader providing a unified private markets platform for alternative investment fund investors, fund managers, and service providers. The company's marquee solution is an order management and electronic subscription document system for alternative product transactions. Mr. Farooqui was the Head of the Middle East & North African
Equities division for UBS Investment Bank and was based in Dubai, U.A.E. Between 2003 and 2008, Mr. Farooqui was Head of UBS Investment Bank's U.S. Institutional Equities Sales Group, based in New York City. Prior to UBS, from 1998 to 2003, Mr. Farooqui was Head of Global Institutional International Sales-Trading in the NYC offices of Goldman Sachs & Co.,
where he advised alternative investment management clients on research and trading in the global securities markets. Mr. Farooqui began his career in 1998 at Goldman Sachs & Co. within the Equity Division's International Department as a global equity securities sales-trader. Mr. Farooqui has served as trustee of the Board of Directors of the United Nations International School (UNIS) in New York and as a member of the Board of Trustees of the Queens Museum of Art (QMA) in Flushing Meadows Corona Park. He is a member of YPO International (Young Presidents' Organization), a global organization of business leaders across 110 countries. He is also a member of The Economic Club of New York and a former Term Member at The Council on Foreign Relations. He holds an undergraduate degree and an M.B.A. from Columbia University in New York City. Mr. Farooqui holds
FINRA Series 24, 7, 9/10 and 63 licenses.