NEW YORK, Jan. 3, 2013 /PRNewswire/ -- As previously announced in the current report dated November 20, 2012, Rahul Agarwal joined CIFC Corp. (NASDAQ: DFR) ("CIFC") as Chief Financial Officer on December 21, 2012. Mr. Agarwal brings 19 years of financial industry experience, having spent the last 8 years with The Blackstone Group L.P. ("Blackstone"), where he served as the Co-Head of Finance for the Private Equity business.
"We are delighted Rahul has joined as CFO," said Peter Gleysteen, Chief Executive Officer. "We are committed to high transparency, clear investor reporting and strong financial controls as an essential underpinning of our business as a loan specialist asset manager. Having Rahul as a senior colleague and the leader of these key functions is a great addition."
"CIFC represents a tremendous opportunity for me," said Mr. Agarwal. "CIFC is one of the largest specialized asset managers of senior secured corporate loans in the world. I look forward to being a part of the CIFC team."
Prior to joining CIFC, Mr. Agarwal previously served as Co-Head of Finance for the Private Equity business of Blackstone, where he was responsible for transaction structuring, investor reporting, preparation and analysis of financial statements, tax compliance and reporting, internal controls, SEC reporting and implementing technology solutions to enhance efficiencies and scalability. Before joining Blackstone, Mr. Agarwal held positions at Deloitte & Touche, Citigroup and Ernst & Young. Mr. Agarwal received a Bachelor's degree in Commerce from the University of Mumbai (India) and Chartered Accountant certificate. Mr. Agarwal is a Certified Public Accountant and a CFA charterholder.
Founded in 2005, CIFC Asset Management (the "Firm" or "CIFC") is a fundamentals based, relative value credit manager with $10.9bn under management from corporate loan based products as of September 30, 2012. Our senior management team averages 30 years of credit experience in having managed credit businesses in every cycle since the 1980's.
Headquartered in New York, CIFC is a SEC registered investment adviser and a publicly traded company (NASDAQ:DFR). We currently serve over 200 institutional investors globally in providing access to the credit space. CIFC's primary shareholders include Charlesbank Capital Partners, Columbus Nova, GE Capital, CIFC management as well as public shareholders. For more information, please visit CIFC's website at www.cifc.com.
Certain statements in this press release are forward-looking statements, as permitted by the Private Securities Litigation Reform Act of 1995. These include statements regarding future results or expectations. Forward-looking statements can be identified by forward-looking language, including words such as "believes," "anticipates," "expects," "estimates," "intends," "may," "plans," "projects," "will" and similar expressions, or the negative of these words. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made, various operating assumptions and predictions as to future facts and conditions, which may be difficult to accurately make and involve the assessment of events beyond CIFC's or GE Capital's control. Caution must be exercised in relying on forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and neither CIFC nor GE Capital undertakes any obligation to update any forward-looking statement to reflect subsequent events, new information or circumstances arising after the date hereof.
SOURCE CIFC Corp.