WACO, Texas, Aug. 25, 2015 /PRNewswire/ -- JTS Capital Group, LLC ("JTS"), an alternative credit acquisition and management company, today announced that Carl J. Chaney has joined the firm as Vice Chairman focused on new loan acquisition sourcing and portfolio management. Mr. Chaney, 53, has 29 years of strategic business leadership experience and a proven track record of building businesses in the financial services sector. Most recently, he was Chief Executive Officer, President and Director of Hancock Holding Company (NASDAQ: HBHC), the 32nd largest U.S.-based bank holding company and the parent company of Hancock Bank and Whitney Bank.
Jim Sartain, Chief Executive Officer of JTS, said, "We are thrilled to welcome Carl to the JTS team. Having led significant growth at Hancock, particularly during the 2008 credit crisis and through the acquisition of Whitney Holding Corp., he possesses invaluable experience in the financial services sector. Carl will play a key strategic role at JTS, identifying new investment opportunities as well as funding strategies. His expertise will help enable us to continue building on the success of our credit investing franchise."
Mr. Chaney said, "I am excited to join the JTS team, which is highly regarded in the alternative credit investing industry and has a well-earned reputation as a specialist in acquiring and managing financial assets. The environment for acquiring loans and loan-related assets from commercial banks and other financial institutions is robust, and we believe it will continue to present a range of highly attractive opportunities. I am eager to begin working with the team at JTS to identify new prospective investments as well as helping to secure additional equity and debt funding to continue its positive growth trends."
Mr. Chaney held a variety of roles at Hancock Holding Company over a 17-year career with the company. As Chief Executive Officer from 2006 to 2014, he oversaw Hancock's growth in book equity from $0.6 billion to $3.0 billion and in total assets from $5.9 billion to $20.7 billion. Previously, he was Executive Vice President and Chief Financial Officer from 1998 to 2006. Prior to joining Hancock, Mr. Chaney served as a bank mergers and acquisitions attorney with a large southeast regional law firm.
Mr. Chaney serves on the Board of Directors of Mississippi Power Company, where he is Chairman of the Compensation Committee and a member of the Controls and Compliance Committee. He also served on the Board of Directors of the Federal Reserve Bank of Atlanta, New Orleans Branch, having recently completed his final term.
Mr. Chaney holds a J.D. from the University of Mississippi School of Law and a bachelor's degree from the University of Mississippi.
About JTS Capital Group LLC (www.jtscap.com)
JTS Capital Group LLC is an alternative asset acquisition and management company, investing and managing capital in the financial services sector. The primary purpose of JTS is to acquire and manage loans, loan related assets and real estate in the United States and Europe, as well as the purchase of entities or interests in entities engaged in the financial services industry. JTS management has over 200 years combined experience of successfully investing in and managing assets in the financial services industry, inclusive of commercial banking, distressed asset investing and operating companies within the sector.
Contact Greg Swiatek Kekst and Company 212-521-4800 Greg-Swiatek@kekst.com
SOURCE JTS Capital Group LLC