CIFC Announces The Hiring Of Rahul Agarwal As Chief Financial Officer
NEW YORK, Jan. 3, 2013
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
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.
Contact: Christopher Beattie, Brunswick Group, +1-212-333-3810,
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