Franklin Square Hires Yaklofsky for Corporate Development Role

Nov 23 2015 | 5:43pm ET

Franklin Square has hired former Nomura executive Marc Yaklofsky as senior vice president of corporate development. 

Yaklofsky will lead the company’s business development and strategic initiatives, while further developing Franklin Square’s stakeholder communication efforts, according to the firm. He was most recently managing director, head of stakeholder relations, office of the CEO for Nomura Holding America, where he oversaw messaging to Nomura’s key stakeholder groups, including equity and debt investors, rating agencies, clients and trading counterparties. 

Prior to his Nomura role, Yaklofsky was a director in investor & rating agency relations at Merrill Lynch, and later at Bank of America, where he served as a senior spokesperson for the firm’s equity and debt investors, and a primary relationship manager with the rating agencies. Beforehand, he was a senior director in the structured finance business development and strategy group at Fitch Ratings, where he devised and executed growth strategies across asset classes in the asset-backed finance sector, including credit cards, student loans and autos.

“Marc has extensive experience in business development and stakeholder relations, and is an excellent addition to our team,” said Michael F. Gerber, executive vice president of Franklin Square, in a statement. “As we have grown as a firm, so too have our opportunities to execute on strategic initiatives, and we look forward to Marc helping us continue our growth.”

Founded in Philadelphia in 2007, Franklin Square is a leading manager of alternative investment funds designed to enhance investors’ portfolios by providing access to asset classes, strategies and asset managers that typically have been available to only the largest institutional investors. The firm’s funds offer “endowment-style” investment strategies that help construct diversified portfolios and manage risk. 

Franklin Square managed approximately $17 billion in total assets as of September 30, 2015, including $15.7 billion in BDC assets, making it the largest manager of BDCs.

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