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Cohen & Company, a global alternative fixed-income asset management firm with approximately $40 billion in assets under management, today announced that its specialty asset management and lending subsidiary, Emporia Capital Management, has named Wade T. Winter, Jonathan S. David, and Richard J. Barger, as Executive Vice Presidents in its leveraged loan asset management business, effective immediately.
Reporting directly to Kevin Braddish, Managing Director and Emporias Chief Investment Officer, the three new senior executives will be based out of Emporias Los Angeles offices. Among their responsibilities, they will spearhead the expansion of Emporias product offering in the leveraged loan market with an emphasis on larger and more liquid loans. They are joining a team that provides both sponsored loan origination and middle market finance offerings.
Prior to joining Emporia, Messrs. Winter, David and Barger, who collectively possess 41 years of industry experience, served as Senior Vice Presidents for the broadly syndicated loans business of Jefferies Capital Management. Messrs. Winter and Barger first joined Jefferies Capital Management in 2003, while Mr. David joined the organization in 2004. Together, the three executives helped lead a team that had approximately $3.5 billion in assets under management, and had issued four CDOs totaling $1.1 billion as of September 30, 2006.
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S&P: Wells Fargos Servicer Ratings Hold Steady
Standard & Poors today affirmed the servicer evaluation ratings for Wells Fargo Home Mortgage. WFHM was affirmed at a level of strong for residential mortgage servicing and residential mortgage subprime servicing, while the ranking of above average was affirmed for the companys for residential mortgage special servicing operations.
According to S&P, delinquency statistics at Wells Fargo remain better than those reported by the MBA, and metrics provided by the company through Standard & Poors proprietary SEAM questionnaire indicate that Wells Fargo is a highly efficient servicer when compared with relevant industry peers.
In particular, the S&P
Letters | Rep. Cohen responds
DAILY NEWS columnist John Baer clearly does not like me. Word buffs can scrutinize his columns and decide whether enmity, hostility, antagonism, animosity, rancor, antipathy or animus best describe his view of me.
Whatever he thinks of me, I support his First Amendment right to put it on paper. But he is so obsessed with the fact that legislators are paid salaries and expenses out of the public treasury that he has lost all sense of perspective as to the scope of our public responsibilities and my strong work ethic.
I take the vast responsibility of state government
Suppose you buy a wristwatch of a reputed company from a local dealer and after four or five months it starts troubling you. When you hand over the watch to the companys service-centre for repairs, to your utter disappointment, they refuse to do anything saying its a spurious one. What willyou do? Or, you buy a shirt from a reputed shop and just after one wash, the fabric stretches at some places and the colour runs. You rush to the shopkeeper but he refuses to replace finding fault with your handling the same. Take another example. You buy an expensive
Infosys Technologies is aiming high, to replace Tata Consultancy Service (TCS) and to become the largest software exporting company in India.
It is all set to become a true Indian multinational corporation in line with its growth strategy for the next 25 years.
A healthy sense of paranoia and respect for competition is a must for success. We are advancing faster than our competitors. We are growing at a rate of 30 percent and we will strive to gain the top slot in software exports.
Our aim is to become most respected company in every country that we operate in
Forecast: MBA Hiring Up Again
The hiring of MBA graduates is surging this academic year, with employers expecting to bring in 22.1% more MBA grads in 2007 than they did in 2006, according to a survey of companies across the country. An improved economy, business growth and employee retirement all contribute to this escalating demand for newly minted MBAs, says Andrea Koncz, employment information manager for the National Association of Colleges and Employers (NACE). And with growing industries comes growing competition to attract the best and brightest.
At JP Morgan (JPM), hiring of MBAs is up between 10 and 15% this
New MBA grads earn more than last year
Corporate America wants graduates whove earned master of business administration degrees and is willing to pay more than last year, say local business schools.
The average starting salary of a 2006 graduate with an MBA from Carnegie Mellon University Tepper School of Business is $94,935, almost 7 percent higher than for the 2005 graduates, Ken Keeley, executive director of the Tepper Schools Career Opportunities Center, said Tuesday.
Across the board, the economy has definitely emerged from the hiring downturn we saw two years ago, Keeley said.
The bad news for those graduate students
Equity Office Allows Vornado Group to Review Books (Update4)
Equity Office Properties Trust, the largest U.S. office landlord, agreed to open its books to Vornado Realty Trust, which is leading an unsolicited $21.6 billion takeover bid.
Equity Office is providing information to Vornado, Starwood Capital Group Global LLC and Walton Street Capital LLC, and expects a definitive proposal from the group by Jan. 31, Equity Office said in a statement. Chicago based Equity Office reiterated that its board still recommends Blackstone Group LPs all cash offer of $20 billion, or $48.50 a share.
It validates that Vornados offer is a real
Ryan named president of Grainger
Ryan joined Grainger in 1980 in the companys product management area, and has held many executive positions since that time. Most recently, he was group president for the U.S. branch-based business, but hes also served as president of the parts business, chief information officer, and president of the companys Internet business.
Ryan has a Bachelor of Science degree in business from Miami University of Ohio and an MBA from DePaul University in Chicago.
Jims 25 years with Grainger in a variety of facets of the business make him ideally suited to lead the business, said Grainger chairman
MBA Tag Clouds
