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Aurora Hires Former UBS Global Restructuring Head Steven Smith

Updated on

Jan. 12 (Bloomberg) -- Aurora Capital Group, which manages more than $2 billion in private-equity investments, hired Steven Smith, the former head of restructuring at UBS AG.

Smith, 52, joined the firm this month as partner, Los Angeles-based Aurora said today in a statement. Before joining UBS in 2001, Smith was a managing director of Credit Suisse Group AG and a member of its restructuring and leveraged-finance groups.

The firm also promoted Michael Marino, 32, to partner at its private-equity unit and Ryan McCarthy, 35, to be a partner at its special-situations fund, Aurora Resurgence.

Marino, who joined Aurora in 2003, was previously a mergers adviser at Goldman Sachs & Co. He serves on the board of plastic-products maker Porex Corp. and has been on the boards of Douglas Dynamics Inc. and K&F Industries Inc. McCarthy is a former senior director at consulting firm Alvarez & Marsal Inc.

To contact the reporter on this story: Devin Banerjee in New York at dbanerjee2@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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