Talent Finding New Homes!

Dahlman Rose & Co Add Powerhouse Chairman
Well know financier Kim Fennebresque has joined Dahlman Rose as the firm’s Chairman. The move continues the investment bank’s enormously successful development built on commitment to client service, top shelf independent research and superior personnel recruitment over the past half dozen years. In fact the current move should accelerate the firm’s growth and strengthen it’s already considerable platform.

Mr. Fennebresque joins Dahlman Rose after a distinguished career, which started at The First Boston Corporation in 1977. His career path since then could be used as a business school model for just how to gain valuable experience, contacts and skills needed to lead a successful investment bank. Mr. Fennebresque left First Boston in 1991 to join Lazard Freres as a General partner where he remained until joining UBS to lead that bank’s Mergers & Acquisitions and Corporate Finance departments.

Then in 1998 he joined SG Cowen, the US subsidiary of Societe Generale. He served as President, CEO and Chairman for most of his tenure at Cowen. It was that sort of reputation which led the US Treasury to ask him to join the Board of GMAC.
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Written by: marinemoney | Categories: Freshly Minted, The Week in Review | May 13th, 2010 | Add a Comment

Capital Market Strength Makes Winners all around in ATB GMR Transaction

In a market in which issuing new equity at or above net asset value is nearly impossible, and at a time when high payout shipping companies are struggling to grow, General Maritime’s all stock acquistion of Arlington Tankers not only makes perfect economic sense – the cashless and symbiotic nature of the deal is probably a blueprint for a few more transactions to come.

Written by: carisk | Categories: Freshly Minted, The Week in Review | August 7th, 2008 | Add a Comment

Arlington Tankers Appoints New CFO & Co-CEO

Ed Terino has joined Arlington Tankers (NYSE: ATB) as CFO and co-CEO. His arrival is intended to enable co-CEO Art Regan the time to focus on commercial business development. The company is also opening an office in Westport, CT, and as a result has become a U.S. domestic issuer for SEC reporting purposes.

And speaking of Arlington, Fortis analyst Dan Barrett recently released a report discussing adjustments made to the company’s 2005 and 2006 EPS forecasts. The adjustments resulted in an estimated dividend of $2.21 for 2005 and $2.06 in 2006. Both estimates were decreased by 10% of the original price and caused the target price fell from $25 to $23 based on a new anticipated yield of 9%, down from 10%.

Arlington dividend expectations have always been high after its first reporting period last November and December, when the freight rate environment, which sets its profit share above its floor rate, went through the roof. Mr. Barrett believes that expectations are now more firmly rooted in reality and that the company is well-positioned to grow through acquisitions once asset prices begin to fall from their present high level.

Written by: carisk | Categories: Freshly Minted, People & Places | July 7th, 2005 | Add a Comment