LOS ANGELES, Dec. 14, 2010 /PRNewswire-FirstCall/ -- WikiLoan, Inc (OTC Bulletin Board: WKLI), a peer-to-peer lending platform, announces today that Bashir Wada is joining the Company's Advisory Board, effective immediately.
"Bashir Wada's unique skill set will make an immediate impact at WikiLoan. His strengths include business development, client relationship management, and financial management, including private equity and venture capital investment management. His initial focus will be capital structure evaluation, organizational structure and strategies, as well as potential strategic partnerships and merger possibilities," stated Marco Garibaldi, the Company's founder and CEO.
Bashir Wada, CFA
Bashir Wada was most recently a Senior Vice President at Capmark Financial Group Inc's Strategy, Planning and Mergers & Acquisitions unit. Capmark was a leading independent real estate financial company with three core businesses: lending and mortgage banking, investments and funds management, and services. It was one of the largest mortgage servicers in the United States, as well as a dominant commercial lender in North America, Europe and Asia.
Wada started his career at Wells Fargo Bank where he was a fixed income portfolio manager for institutional client portfolios, a Vice President, Senior Private Banker, the Division Manager of Finance in the Retirement Programs and Investments Division and was a Division Manager of Finance in the International Banking Group.
He was then the CFO of a private equity investment firm where he was a member of the investment evaluation team. During this period he co-founded and managed a firm that successfully launched a private equity exchange fund offering diversification to holders of concentrated private equity positions. In this capacity, he developed a deep knowledge of private investment vehicles and developed expertise in partnership formation, investor communications, analysis of private equity investments and capital raising and distributions. Wada was also a consultant at an investment management firm that provides asset management and financial consulting to high net worth individuals, foundations and endowments. In addition to business development, he conducted research on new investment manager candidates and existing managers, including the analysis and due diligence involved in hiring and terminating money managers.
Prior to Capmark, Wada was a consultant and acting CFO, to an emerging markets alternative asset manager, where he was responsible for the structuring of new hedge funds and private equity funds focused in emerging markets.
Wada serves as a Director of AAA Northern California, Nevada, and Utah, and the Inter-Insurance Bureau. He was a member of the Municipal Fiscal Advisory Committee to the Mayor of San Francisco, and is a member of the CFA Institute.
Wada earned an MBA degree in Finance from the University of California, Berkeley. He holds the CFA charter.
WikiLoan is a Social Network with a focus on finance. At WikiLoan.com, family and friends can borrow and lend money among themselves at rates suitable to their respective needs. The company's website provides repayment schedules and documentation for loans, along with proprietary administrative tools, which enable users to securely pull credit reports and automate the loan repayment process.
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third party manufacturers to produce components on a basis which is cost-effective to the company, market acceptance of the company's products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.
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SOURCE WikiLoan, Inc