R.W. Pressprich & Co. Launches Aviation Finance Group | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date






Airborne On ANN

Airborne 11.23.15

Airborne 11.24.15

Airborne 11.25.15

Airborne 11.19.15

Airborne 11.20.15

Airborne Hi-Def On YouTube

Airborne 11.23.15

Airborne 11.24.15

Airborne 11.25.15

Airborne 11.19.15

Airborne 11.20.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

Thu, Oct 07, 2010

R.W. Pressprich & Co. Launches Aviation Finance Group

Will Focus On Sales, Trading, Other Areas

An aviation finance group has been launched by R.W. Pressprich & Co., a fixed income and equity broker-dealer headquartered in New York. The announcement Tuesday coincides with the hiring of Steve Welo, CFA, as Managing Director.

Mr. 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, Mr. Welo has developed in-depth relationships with investors, aviation lessors, airlines, manufacturers, and lenders. Mr. Welo joins the Pressprich offices in Minneapolis where the Pressprich Aviation Finance team will be headquartered.

The Pressprich Aviation team will focus on sales, trading, and analytics of Enhanced Equipment Trust Certificates (EETC), Aircraft ABS (Asset Backed Security), and private transactions, as well as providing advisory services to a variety of clients, including airlines, leasing companies, asset managers, and aviation investors. The team will support a growing volume of business for Pressprich; 2008 and 2009 were record years for the firm, as institutional investors turned to R.W. Pressprich for trading relationships and sources of liquidity.

Mr. Welo will be joining Clay Smith, Jeff Golbus and Vincent Lim as members of the R.W. Pressprich Aviation Finance Group.

Clay Smith, CFA, Managing Director, joined Pressprich in 2009 as a Senior Analyst with responsibilities in special situation bank loans and aviation research. Prior, Mr. Smith spent 13 years in senior research roles at AIG, American Express, and most recently, at Deephaven Capital Management. As an institutional investor, Mr. Smith managed a large portfolio of Aircraft ABS securities as well as being actively involved in several corporate restructurings. Mr. Smith was also involved in the re-packaging of structured aircraft transactions. Mr. Smith holds a B.S. in Electrical Engineering from the University of California at Irvine, an M.S. in Electrical Engineering from the University of Southern California, and an M.B.A. from the University of Chicago.

Jeff Golbus, named CFA and Managing Director and Head of Aviation Finance Trading, spent the majority of his career as an institutional investor. As a Portfolio Manager at Deephaven Capital Management, Mr. Golbus was a large EETC/ETC investor and was actively involved in the United Airlines and Northwest Airlines bankruptcies. Previously, he actively handled workout situations at Nationwide Insurance from 2001 to 2005, and served as Vice President of AIG/SunAmerica in private placements from 1998 to 2001. Mr. Golbus received his B.A. from Michigan State University and his M.B.A. from the University of Chicago, and joined Pressprich in 2009.

Vincent Lim, CFA, Associate Director, joined R.W. Pressprich this year, as a research analyst in the firm's Aviation Finance Group. Prior to joining Pressprich, Mr. Lim was an analyst with Deephaven Capital Management, where he was a member of the distressed credit team. Mr. Lim has also previously worked as an analyst with Triage Capital Management, and began his career as an investment banking analyst specializing in telecommunications companies at Salomon Smith Barney. Mr. Lim received a B.S. in Systems Engineering and Economics from the University of Virginia.

"We are pleased to welcome such a distinguished group of professionals to R.W. Pressprich and expand our services into Aviation Finance to help create value for our clients," said Joe Calvo, President and COO of R.W. Pressprich & Co.

FMI: www.pressprich.com


More News

Blue Origin Makes History, But Is The System Practical

Only Time Will Tell If The Booster Is Truly Reusable On November 23, 2015 Blue Origin achieved a first in rocketry and spaceflight history when their New Shepard launch vehicle suc>[...]

Dassault Falcon Jet Completes New Little Rock Expansion

Facility Earmarked For Work On Falcon 8X And Falcon 5X Airplanes Dassault Falcon Jet has completed another major expansion of its Little Rock Completion Center that will add 350,00>[...]

ICAO World Aviation Forum Charts Course To Sustainable Aviation Benefits

First-Ever Forum Of Its Type Draws Over 800 International Officials Over 800 Ministers and senior officials from States, UN and international organizations have gathered at the Hea>[...]

Russian Warplane Shot Down By Turkey On Syrian Border

Kremlin Say There Was No Violation Of Turkish Airspace Tensions between Russia and Turkey, and by extension NATO, escalated Tuesday when a Russian Su-24 was shot down by Turkey aft>[...]

AD: Airbus Airplanes

AD NUMBER: 2015-23-06 PRODUCT: Certain Airbus Model A330-200, A330-300, and A340-300 series airplanes.>[...]

blog comments powered by Disqus





© 2007 - 2015 Web Development & Design by Pauli Systems, LC