RW Pressprich & Co, a fixed income and equity broker-dealer headquartered in New York, has launched its Aviation Finance Group, which will focus on sales, trading, and analytics of EETC, aircraft ABS, and private transactions, as well as providing advisory services.
The announcement coincides with the hiring of Steve Welo, CFA, as managing director. Welo joins Pressprich after a 13-year career at Piper Jaffray, where he focused on aviation finance in both institutional sales and investment banking. Throughout his career, Welo has developed in-depth relationships with investors, aviation lessors, airlines, manufacturers, and lenders. Welo joins the Pressprich offices in Minneapolis where the Pressprich Aviation Finance team will be headquartered.
He will be joining Clay Smith, Jeff Golbus and Vincent Lim as members of the RW Pressprich Aviation Finance Group.
Smith, CFA, managing director, joined Pressprich in 2009 as a senior analyst with responsibilities in special situation bank loans and aviation research. Prior, Smith spent 13 years in senior research roles at AIG, American Express, and most recently, at Deephaven Capital Management.
Golbus, CFA, managing director and head of aviation finance trading, had spent the majority of his career as an institutional investor. As a portfolio manager at Deephaven Capital Management, Golbus was a large EETC/ETC investor and was actively involved in the United Airlines and Northwest Airlines bankruptcies.
Vincent Lim, CFA, associate rirector joined RW Pressprich this year, as a research analyst in the firm's Aviation Finance Group. Prior to joining Pressprich, Lim was an analyst with Deephaven Capital Management, where he was a member of the distressed credit team.
Source: Commercial Aviation Online
