Carlton taps Bromme Cole to take on role of chief operating officer.Carlton Advisory Services' chairman Howard L. Michaels has announced that seasoned investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. , Bromme H. Cole, has joined Carlton as managing director and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . As chief operating officer of Carlton, Cole's responsibilities are allocated equally among internal corporate management issues and externally focused, new business development projects. Among his responsibilities are execution of several new business ventures, including the acquisition and expansion of a European platform, establishing additional domestic branch offices, growing Carlton's 1031 Property Exchange business, and expanding Carlton's high net worth investor clientele. Cole will be a member of Carlton's Executive and Principal Investment Committees. Cole's experience includes more than 20 years of successful real estate investing Real estate investing involves the purchase of real estate for profit. Profits are accumulated slowly by renting out properties in a cashflow method, or are generally improved and resold for a capital gain. and financial management. He is also an expert in placing structured debt and equity for real estate assets. Prior to joining Carlton, Cole was the principal of Hampton/Hoerter, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an equity funds manager and investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and to health care companies with significant real property holdings. He spent the previous 11 years at Bankers Trust/Deutsche Bank, where he established a long track record of fund investing He has ancillary real estate experience in structured finance, project development, leasing programs and loan acquisition ventures. Major transactions in which he played a prominent role include the $1.2 billion acquisition acquisition of Hennessy Relais SA, a company with a portfolio of assets throughout Europe, for a joint venture between a European bank and a large, Asian based, private equity fund. A graduate of Boston University, Cole received his MS from New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the . He holds various professional licenses including NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Series 7, 63 and 65, and real estate broker licenses for New York, Connecticut, Pennsylvania, Massachusetts, Florida and New Jersey. |
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