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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 05.18.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.17.17

Airborne
05.18.17

Airborne
05.19.17

Airborne-Unmanned 05.23.17

Airborne-YouTube

AMA 05.18.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.17.17

Airborne
05.18.17

Airborne
05.19.17

Airborne-Unmanned 05.23.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

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

Advertisement

More News

Airborne-Unmanned 05.16.17: XPONENTIAL 2017, Airbus Aerial, Parrot Professional

Also: AUVSI BOD, PrecisionHawk's Free PrecisionMapper, Consortiq, XPONENTIAL 2017 Innovation Preview As opening sessions go, it was an eye-opener. Intel CEO Brian Krzanich took the>[...]

AMA Drone Report 05.18.17: Drone-Jumping!, AMA Sightings Report, King Schools

Also: DJI Smart TV App, Huerta: Unmanned Aircraft 'Good News Story', XPONENTIAL Innovation Preview Ya had to see it to believe it... An ingenious Latvian UAS operation has pulled o>[...]

Airborne 05.22.17: Court Nukes FAA Model Drone Regs, Lancair Moves, Virgin Orbit

Also: Dutch King, DA-42NG, US Civil Aircraft Shipments, ADS-B Out, Facial Recognition, Av Threats, Air Travel Growth The hobby drone industry just got a bit shook up... The U.S. Co>[...]

Airborne 05.19.17: Boeing T-X, WomenVenture 2017, BE-4 Rocket Test

Also: Orion Spacecraft, ANN Update, Sinful Sundays, ATC Privatization Oppo, Huerta@AUVSI, Fire Scout, 700th H130 Boeing will assemble its T-X Air Force training jet at its St. Loui>[...]

Airborne 05.22.17: Court Nukes FAA Model Drone Regs, Lancair Moves, Virgin Orbit

Also: Dutch King, DA-42NG, US Civil Aircraft Shipments, ADS-B Out, Facial Recognition, Av Threats, Air Travel Growth The hobby drone industry just got a bit shook up... The U.S. Co>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC