Brera Partner Joseph Adams, Jr. Named Executive Director of New Federal Agency to Assist Nation's Airlines.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 21, 2001 Brera Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Brera), the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City-based private equity investment firm, today announced that Joseph Adams, Jr., a Partner of Brera, has been appointed Executive Director of the Air Transportation Stabilization Board The Air Transportation Stabilization Board is an office of United States Department of the Treasury set up after the September 11, 2001 attacks to offer loans to troubled US airlines. External links
ATSB Air Transportation Stabilization Board (USA) ATSB Astronautic Technology (M) Sdn Bhd (Malaysia) ATSB Arbeiter Turn-und Sport-Bund ). The ATSB is the federal agency established after the September 11th attacks On September 11, 2001, in the deadliest case of domestic Terrorism in the history of the United States, a group of 19 terrorists hijacked four U.S. airliners for use as missiles against targets in New York City and Washington, D.C. to administer a new program of financial assistance to the nation's airlines. Mr. Adams' appointment was announced earlier today by the ATSB. Mr. Adams will begin work on January 7, 2002 at the ATSB office in Washington, D.C. He will take a 12-month leave of absence from Brera to serve in the government post, after which he intends to return to Brera. The ATSB was set up under the Air Transportation Safety and System Stabilization Act, signed into law on September 22, 2001. It administers a program of $10 billion in federal loan guarantees to help air carriers that suffered losses due to the events of September 11th. The Board is composed of three members: Chairman of the Federal Reserve The Chairman of the Board of Governors of the Federal Reserve System is the head of the central banking system of the United States and one of the most important decision-makers in American economic policies. Board Alan Greenspan, Secretary of the Treasury Paul O'Neill and Secretary of Transportation Norman Mineta. Each member has designated a representative at his agency to serve on a day-to-day basis. Also, David Walker, Comptroller General of the United States The Comptroller General of the United States is the director of the Government Accountability Office (GAO, formerly known as the General Accounting Office), a legislative branch agency founded by Congress in 1921 to ensure the accountability of the federal government. , is a non-voting member of the Board. As Executive Director, Mr. Adams will oversee the ATSB as it reviews air carrier applications for loan guarantees. An Exceptional Choice Alberto Cribiore, Managing Principal of Brera, said, "We at Brera are tremendously proud of the selection of Joe Adams to head up the critically important new federal airline assistance program in this time of crisis. It is gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to know that others recognize the quality of Brera's outstanding team. With his extraordinary breadth and depth of financial experience, Joe is an exceptional choice to take on this complex and demanding challenge. Joe has made an enormous contribution to Brera's work over the past year. Knowing him for more than 20 years as I do, Joe is the exactly right person to lead this major new program to success, and we look forward to his returning to Brera when he has completed his vital service to the nation." Mr. Adams became a Partner of Brera in April 2001. Prior to joining Brera, Mr. Adams was a Managing Director of Investment Banking at Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , formerly Donaldson, Lufkin & Jenrette, where he focused on leveraged finance, M&A and restructurings and also served as Head of the Transportation Group. Earlier, he headed North American Investment Banking at NatWest Markets and was a Managing Director and Head of the Transportation Group at Drexel Burnham Lambert Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was driven into bankruptcy in the 1980s by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. . In his 20-year career, Mr. Adams has directed over 100 projects covering a wide range of corporate finance transactions including mergers, acquisitions, corporate restructurings, spin-offs, leveraged buyouts, and offerings of equity, convertibles and debt. About Brera Brera Capital Partners, LLC manages a $680 million private equity investment fund, investing in a very limited number of companies in a few selected industries including telecommunications, financial services and outsourcing. Brera seeks to increase value by bringing to each investment proven experience in building successful companies, a spirit of true partnership with management and an unconditional commitment always to do what is right for the company. For more information about Brera, please visit its Website at www.brera.com. |
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