COHEN & COMPANY SECURITIES ANNOUNCES THE CREATION
OF A BANK ADVISORY GROUP
Philadelphia, PA and New York, NY – June 4, 2009 – Cohen & Company Securities, LLC, Cohen & Company’s registered broker-dealer, is pleased to announce the formation of a Bank Advisory Group which will be led by Managing Director, Jason Freund. Mr. Freund will lead the group from the firm’s Chicago office.
The Bank Advisory Group will assist Cohen & Company’s original client base – small and mid-sized community banks – in a variety of advisory matters including balance sheet restructurings (including debt repurchases, tender offers and exchanges), capital raising, loan sales and securitization, liquidity management; M&A and asset/liability interest rate and cashflow management.
Since 2003, Cohen & Company has helped nearly 500 community banks raise close to $10 billion of capital. Christopher Ricciardi, Chief Executive Officer of Cohen & Company, said that “The formation of the Bank Advisory Group is a natural step for the company whose historical and loyal client base has been small and mid-sized community banks. By pulling together individuals throughout the firm with deep knowledge of these financial institutions, we will be able to better serve the needs of our clients to review and restructure their balance sheets to withstand these turbulent times and remain healthy and viable institutions.”
About Cohen & Company
Cohen & Company is an investment firm specializing in credit related fixed income investments. Through Cohen & Company Securities, LLC, the company also provides institutional broker-dealer services focused on debt securities. With offices in Philadelphia, New York, Chicago, Washington D.C., San Francisco, Boston, Paris, London and Tokyo, Cohen & Company serves a diverse international network of institutional and individual clients. For more information about Cohen & Company, we encourage you to visit www.cohenandcompany.com.
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