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.
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"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
charterholder.
About CIFC
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.