Churchill Pacific Asset Management Announces Executive Management Changes.- Promotes Three Senior Executives to Co-President - 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 -- Churchill Financial Holdings LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Churchill Financial"), a middle market commercial finance and asset management company, today announced the promotion of three senior executives at Churchill Pacific Asset Management LLC ("Churchill Pacific"). Churchill Pacific, based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA, is the CDO (Collaborative Data Objects) A programming interface from Microsoft for accessing MAPI-based e-mail, calendaring and scheduling servers. Originally called "OLE Messaging" and "Active Messaging," CDO wraps the Enhanced MAPI library into a COM object that provides the asset management platform of Churchill Financial, with approximately $4.5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Stephen J. Ahearn has been promoted to Co-President, in addition to his current role as Director of Research; John M. Casparian has been appointed as Co-President and Director of Operations & Administration; and Kevin J. Hickam has assumed the title of Co-President and Director of Portfolio Management. Messrs. Ahearn, Casparian, and Hickam, who are all partners in Churchill Financial, have worked together for over 15 years at Churchill Pacific, formerly known as Centre Pacific, and, prior to that, at Transamerica Investment Services. Churchill Financial acquired Centre Pacific in September 2006. Churchill Financial also announced the resignation of Heather E. Creeden, Head of Asset Management for Churchill Pacific, effective immediately, to pursue other opportunities. "We are delighted to recognize these three talented individuals and look forward to leveraging their collective wealth of experience to continue to grow the asset management platform," said Ken Kencel, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Churchill Financial. "Churchill Pacific has grown its assets under management substantially since we acquired the business last year, and we are excited about its continued potential." He added, "Heather Creeden played an important role in building Churchill Pacific into a leader in their industry. We thank her for her hard work and dedication, and wish her all the best in the future." About Churchill Financial Churchill Financial, based in New York, is a leading commercial finance and asset management company focused on providing senior and subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". financing to middle market companies and managing portfolios of CDOs and other fixed income funds. The firm currently has over $4.5 billion in assets under management. It targets lending to companies backed by leading private equity firms and other investors. Churchill Financial was founded by Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. Merchant Banking and Senior Management in February 2006 and has approximately $1 billion of committed capital to support its financing activities. |
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