CIFC Names Head of Corporate Strategy to Lead Expansion of Firm's Growing Non-CLO Business
NEW YORK, April 7, 2015 /PRNewswire/ -- CIFC Corp. (NASDAQ: CIFC), a leading relative-value credit manager, today announced that Julian Weldon has joined the firm as Head of Corporate Strategy.
In this newly-created role, Mr. Weldon will lead the expansion of the firm's non-CLO businesses, reporting to Co-Presidents, Steve Vaccaro and Oliver Wriedt. He joins CIFC from Garrison Investment Group, where he was General Counsel and Chief Compliance Officer since 2008. Before Garrison, he was Senior Counsel in the Banking Department of Allen & Overy, one of the world's ten largest law firms.
"Julian brings nearly 20 years of diverse experience across legal and credit markets," said Oliver Wriedt, Co-President of CIFC. "This unique skill set will make him a valuable asset as we continue to grow our team and build out our platform."
Mr. Weldon's experience includes the establishment of new stand-alone operating businesses and joint ventures as well as investments across direct lending, distressed corporate credit, structured credit, real estate, shipping and consumer finance. He holds a L.L.B. in Law from the University of East Anglia, England, is qualified as a Solicitor of the Supreme Court of England & Wales and is admitted to the New York State Bar.
About CIFC
CIFC is a fundamentals-based, relative-value credit manager investing across CLOs, structured credit and total return portfolios. Headquartered in New York, CIFC is an SEC registered investment adviser and is listed on NASDAQ. The firm currently serves more than 250 institutional investors globally, and manages $13.7 billion in assets. For more information, please visit CIFC's website at www.cifc.com.
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These include statements regarding future results or expectations. Forward-looking statements can be identified by forward-looking language, including words such as "believes," "expects," "expansion," "potential," "continues," "anticipates," "estimates," "intends," "may," "plans," "projects," "seeks," "approximately," "predicts," "outlook," "should," "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 control. Caution must be exercised in relying on forward-looking statements. The forward-looking statements in this release are subject to risks and uncertainties, and the other risks related to CIFC's business that are described in its annual report on Form 10-K. The forward-looking statements contained in this press release are made as of the date hereof, and CIFC undertakes no obligation to update any forward-looking statement to reflect subsequent events, new information or circumstances arising after the date hereof.
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SOURCE CIFC Corp.
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