The Broadsmoore Group Hires Matthew Clifford as Chief Financial Officer

NEW YORK, Oct. 4, 2011 /PRNewswire/ -- The Broadsmoore Group ("Broadsmoore"), a privately held investment advisory and merchant banking firm, today announced that Matthew Clifford has been named the company's new chief financial officer. Most recently, Matthew served as chief financial officer for Greenwich Life Settlements, Inc., a specialty finance company that aggregates pools of life insurance policies and related mortality investments.

Matthew Clifford brings over a decade of financial expertise to Broadsmoore. In 2007, Mr. Clifford joined Greenwich Life Settlements, Inc. as the company's chief financial officer, where he developed and implemented comprehensive financial policy and operations. He has created complex financial modeling for asset performance forecasting and has also formulated trading strategies based on market inefficiencies to maximize portfolio risk adjusted returns. Mr. Clifford worked with engaged investment bankers to manage an ongoing capital raising process, and coordinated several private equity due diligence efforts requested by potential investors. Mr. Clifford also negotiated terms of a warehouse lending facility for the acquisition and maintenance of life insurance policies, and spearheaded discussions with several international banks to procure additional debt capital.

"I'm excited to be part of The Broadsmoore Group's team of successful, entrepreneurially spirited professionals," said Matthew Clifford, CFO of The Broadsmoore Group. "In the current economic environment, there is ample capital markets opportunity for sophisticated investment, and I believe The Broadsmoore Group is well positioned to consummate its vision of socially responsible economic development."    

Mr. Clifford also served as Vice President at Tremont International Insurance Ltd, and participated in the company's development and ultimate sale. Tremont wrote private placement variable universal life insurance policies as tax efficient vehicles for investing in hedge funds. Mr. Clifford worked as an Assistant Vice President and Internal Audit Manager at the Bank of Bermuda (HSBC), concentrating in fund administration. He was a public accountant for Arthur Andersen, and received a Bachelor of Science in Business Administration with a major in Accounting from the University of Richmond.

"Matthew Clifford is a big win for the Broadsmoore Group," said CEO Abraxas Discala. "His passion and vast expertise as well as his strategic thought process for designing and implementing the most comprehensive programs and procedures will give our fast growing enterprises the necessary financial leadership they require to help them escalate to the next level."

About The Broadsmoore Group

The Broadsmoore Group is a New York-based investment advisory firm and merchant bank, dedicated to making a difference—creating a secure financial market place with proven security systems in place to prevent abuse and fraud and is dedicated to putting the client's needs first. The company's network of family offices and high net worth individuals provide the ability to connect strong, socially responsible companies to the resources required for sustainable growth and profitability. The company's priority is to provide its strategic partners with proven expertise in finance, operations, marketing, security and cyber brand management. For further information about The Broadsmoore Group, please visit: http://www.broadsmoore.com.

SOURCE The Broadsmoore Group