Thursday, 2 April 2015
Last updated 12 hours ago
Oct 13 2010 | 8:57am ET
A trio of former executives from Morgan Stanley and Societe General have formed a new risk advisory firm that specializes in structuring, pricing and execution advice for complex derivative and structured product transactions.
The New York-based firm, Riverside Risk Advisors, is the brainchild of Joyce Frost and Frank Iacono, former executives with Morgan Stanley, and with Chris Frost, former managing director at Societe Generale.
"The Dodd-Frank Act creates an effective mandate that some end-users seek independent advice for derivative transactions. We expect, however, that even where a statutory or regulatory requirement is not created, outside advice with respect to suitability and fairness, from professionals with relevant transaction experience, will become the new best-practices standard," said Iacono, co-founder of Riverside.
The firm's clients include derivative end-users such as corporations, private equity firms, real estate developers, and project sponsors. Riverside also advises investors evaluating structured credit opportunities and financial firms winding down or restructuring legacy businesses.
Independent derivatives expert David Walker, who also serves as CFO of Level One Bank and was formerly treasurer of GMAC, said, "While I am not affiliated with Riverside, it is clear that as the desire for transparency continues to increase in all markets, a firm like Riverside, staffed with some of the savviest Wall Street professionals, should become the go-to standard for end-users before a transaction is structured and executed."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…