Press Release

COHEN & COMPANY ANNOUNCES APPOINTMENT OF FREDERICK H. HORTON AS MANAGING DIRECTOR

Philadelphia, PA, July 23, 2007 - Cohen & Company, a global alternative fixed-income asset manager with over $40 billion in assets under management, today announced that Frederick H. Horton has joined the firm as a Managing Director, effective immediately. In his new role, Mr. Horton will oversee the development of new strategic business opportunities. Mr. Horton will be based out of Cohen & Co.’s New York office and report to Chris Ricciardi, the firm’s Chief Executive Officer.

Frederick Horton brings 24 years of experience, primarily in asset management, in the structured finance industry. Most recently, he served as a Senior Managing Director at GSC Group, an alternative asset investment manager focused on credit-driven strategies, where he founded and led the company’s Structured Finance Group. Prior to joining GSC Group, Mr. Horton was a Managing Director and head of Structured Investments in the mortgage-backed securities area at The TCW Group.

Mr. Horton holds a B.A. from Brown University, and an M.B.A. from Boston University.

About Cohen & Company

Cohen & Company is a leading structured credit investment management firm with over $30 billion in assets under management in collateralized debt obligations and other funds across multiple asset classes. With offices in Philadelphia, New York, Los Angeles and Paris, Cohen & Company employs over 130 employees worldwide, and serves a diverse international network of institutional and individual clients. For more information about Cohen & Company, we encourage you to visit www.cohenandcompany.com.

Click here for the Adobe PDF version of this release. (20 kb)