NEW YORK, June 20, 2017 /PRNewswire/ -- WL Ross & Co. LLC (WLR), the distressed private equity arm of Invesco, announced today that Hal Malone has joined the firm to head its Shipping & Transportation practice. He will be responsible for leading all of the firm's investing activities in transportation, a principal component of WLR's distressed private equity business.
Greg Stoeckle, senior managing director and co-head of WLR, commented, "Hal's financial and operational background is representative of what we are looking for in the next generation of the firm's leadership. He brings a fresh perspective to the transportation sector, and his proven ability to execute will enable us to further evolve the business and strengthen our ability to provide meaningful outcomes for clients."
Mr. Malone joins WLR from the Navig8 Group, a fully integrated provider of shipping management services and the world's largest independent pool and commercial management company, where he served as chief strategic officer. Prior to Navig8, he spent over 18 years in investment banking, most recently as a managing director in the maritime group at Jefferies LLC. During Mr. Malone's career, he has served as the lead advisor in a number of high profile maritime transactions, including the initial public offering of Navigator Holdings (the parent company of Navigator Gas), the merger of Navig8 Crude Tankers with General Maritime to create Gener8 Maritime and the recapitalization of Overseas Shipholding through chapter 11 on behalf of the ad hoc equityholders committee.
Mr. Malone earned a B.S. in economics from the Wharton School of Business at the University of Pennsylvania.
About WL Ross & Co. LLC
WL Ross & Co. LLC was founded in 2000 by professionals previously from Rothschild, Inc., who were among the leaders in advising various constituencies in bankruptcies and workouts around the world, assisting in restructuring more than $200 billion of liabilities. The firm has sponsored and managed private equity investments in a number of sectors including financial services, steel, energy, textiles, shipping, automotive components and other industries. WL Ross & Co. LLC is an indirect, wholly owned subsidiary of Invesco Ltd.
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SOURCE WL Ross & Co. LLC