Cohen & Company's Emporia Capital Management Expands Leveraged Loan Business With Hiring of New Team
- Former Jefferies Senior Vice Presidents Wade T. Winter, Jonathan S.
David, Richard J. Barger Named Executive Vice Presidents at Emporia -
NEW YORK and LOS ANGELES, June 20 /PRNewswire/ -- 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 Emporia's Chief Investment Officer, the three new senior executives will be based out of Emporia's Los Angeles offices. Among their responsibilities, they will spearhead the expansion of Emporia's 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. Emporia Capital Management presently has in excess of $1 billion in leveraged loans under management and continues to expand its product offering in the interest of serving its expanding base of leveraged loan customers. Kevin Braddish, Emporia's Managing Director and Chief Investment Officer, said, "We are very pleased to welcome Wade, Jonathan and Richard to the Emporia team. They are among the most talented and experienced individuals in the field today, and their addition to our business rounds out our product offering and provides us with further resources for continued growth and development of our asset management business. Going forward, we have strong momentum on our side in the asset management and loan origination business, and we are now further positioned as the lender of choice for entities seeking creative and flexible solutions from a lending partner." Prior to joining Jefferies, Wade T. Winter was a Senior Vice President and Senior Portfolio Manager at Four Corners Capital Management, where he was responsible for analyzing investment opportunities in the Gaming, Lodging, Real Estate, Food, Beverage and Tobacco, and Entertainment/Leisure-Sports industries. He holds a B.A. from Franklin & Marshall College and an M.B.A. from the University of Southern California. He is a Chartered Financial Analyst. Before joining Jefferies, Jonathan S. David was a corporate banking officer at both Far East National Bank and City National Bank, where he was responsible for negotiating and structuring loans for middle market companies. He holds a B.A. from the University of Southern California's Marshall School of Business Finance. Previous to his joining Jefferies, Richard J. Barger served as a Senior Vice President and Senior Portfolio Manager at Four Corners Capital Management, where he was responsible for the aerospace, chemical, metal and mining, oil and gas and utility industries. He holds a B.A. from Texas A&M University, and a J.D. and M.B.A. from the University of Southern California. He is a Chartered Financial Analyst. About Cohen & Company Cohen & Company is a global alternative fixed-income asset management firm with approximately $40 billion in assets under management in collateralized debt obligations and other funds and investments across multiple asset classes. With offices in Philadelphia, New York, Chicago, Los Angeles, Stamford, Paris, London, Tokyo, Hong Kong and Singapore, Cohen & Company employs approximately 150 employees worldwide, and serves a diverse international network of institutional and individual clients. For more information about Cohen & Company, we encourage you to visit www.cohenandcompany.com. About Emporia Capital Management Emporia is a specialty asset management and lending subsidiary of Cohen & Company that provides flexible debt solutions tailored primarily to sponsored middle market buy-outs and recapitalizations. Emporia's relationship-based entrepreneurial culture allows it to structure creative debt products that specifically address each borrower's individual business model. With close to $2 billion dedicated to the space, Emporia seeks to be the key lending partner to middle market businesses with at least $5 million of cash flow across a wide array of industries. More information about Emporia is available at www.cohenandcompany.com. Business Inquiries Media Inquiries Kevin Braddish Joseph Kuo Managing Director Kekst and Company 646-673-8009 212-521-4800 firstname.lastname@example.org
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