Solomon Hess Adds Top Talent to Drive Growth in Impact Investing
FALLS CHURCH, Va., May 17, 2017 /PRNewswire/ -- Solomon Hess Capital Management ("Solomon Hess"), an alternative asset manager specializing in community development investing, announced today that Laurie Webster and Sonya Sbar have joined the firm as Chief Operating Officer and Chief Strategy Officer, respectively. These hires are aligned with Solomon Hess' strategic intent to extend its breadth in impact and responsible investing.
Ms. Webster, as Chief Operating Officer, is responsible for enhancing operational controls, procedures and systems to enable the sustainable growth of existing and future funds. Ms. Webster comes to Solomon Hess from Calvert Investments, where she was Vice President of Operations and Indexing and the lead Portfolio Manager for the Responsible Index product line. Prior to that, Ms. Webster was a Fixed Income Portfolio manager at E*Trade, Calvert Investments and Payden and Rygel. She holds a Bachelor of Science Degree in Finance and Accounting from the University of Colorado and is a Chartered Financial Analyst.
Ms. Sbar, as Chief Strategy Officer, is responsible for developing and implementing the long-term growth strategy for the firm and building relations in the impact investing community. Ms. Sbar also comes to Solomon Hess from Calvert Investments, where she was Vice President for Client Support and Product Positioning and led their product management and client support teams. Prior to that, Ms. Sbar was a Group Manager for Business Integration at Capital One and a Senior Manager at PricewaterhouseCoopers management consulting group. She holds a Bachelors in Business Administration Degree in International Business from The George Washington University and a Master of Business Administration from the University of Pennsylvania's Wharton School of Business.
"We are excited that both Ms. Webster and Ms. Sbar agreed to join our team," said Bill Einstein, Co-CEO and Managing Director of Solomon Hess. "Along with extensive experience and track records of managing investments, they bring strong industry relationships and innovation to their roles. Solomon Hess is well-positioned to become a leader in impact and responsible investing."
About Solomon Hess Capital Management
Solomon Hess is an alternative asset management company that creates value for investors through community and economic-development funds. Since inception in 2004, Solomon Hess has invested over $1.7 billion across 10 investment vehicles. The firm's flagship fund is the Solomon Hess SBA Loan Fund which provides bank investors with Community Reinvestment Act ("CRA") eligible investments for community development. Solomon Hess has expertise in the acquisition of Small Business Administration ("SBA") and U.S. Department of Agriculture ("USDA") program loans and associated servicing assets, such as Interest Only Strips, in the secondary market. Strategies are available through private funds, sub-advisory services and separate accounts. Founded in 2004 and headquartered in Falls Church, Virginia, Solomon Hess managed assets of $639 million on behalf of over 150 institutional and accredited individual investors as of March 31, 2017. More information is available at www.SolomonHess.com.
Media Contact: Michelle Go Lai, Investor Relations, 703-466-0483, [email protected]
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