Founder Norton Reamer Becomes Vice-Chairman
Asset Management Finance LLC (AMF) announced today that Brian D. Finn
has been named Chief Executive Officer, succeeding Norton H. Reamer, who
assumes the title of Vice-Chairman and Founder.
Mr. Finn has served as Chairman of the Board of AMF since August 2008
when Credit Suisse (NYSE: CS) purchased a majority interest in AMF. In
assuming this new role as Chairman and CEO, he will relinquish his
duties as Chairman of Alternative Investments with Credit Suisse’s Asset
Management business, but will continue to have an active role at Credit
Suisse as a Senior Advisor, focusing on Asset Management strategy and
certain strategic partnerships. Mr. Reamer, who has been CEO of AMF
since its founding in 2003, will become Vice Chairman of the Board and
continue as an advisor to the firm.
Headquartered in New York, AMF provides asset management firms with
capital while enabling them to maintain their ownership, independence
and operational autonomy. Since its formation, AMF has completed 14
transactions with both traditional and alternative managers for a broad
range of initiatives including owner liquidity, internal equity
transfers, management buy-outs and other strategic objectives. AMF’s
investments are diversified across a wide variety of strategies
consisting of emerging markets, domestic and international equities,
real estate, currency, timber and wealth management. In August 2008,
Credit Suisse purchased an 83 percent stake in AMF from National Bank
Financial of Canada for $384 million. The investment in AMF, along with
a credit facility provided by Credit Suisse, has more than tripled AMF’s
capital base.
“AMF is building a strong global brand among asset managers as a
provider of innovative and attractive capital solutions,” said Mr. Finn.
“With the asset management sector undergoing significant change, this is
an exciting time to be taking the helm of this organization.”
“AMF has successfully created a new investment model to help asset
managers remain independent, and Credit Suisse has added tremendous
value and business momentum,” said Norton Reamer. “With the partnership
working so well, now is the appropriate time for me to hand over the CEO
reins to Brian and the existing management team, all of whom are
remaining in place. I look forward to the new role I will have at AMF,
which will allow me continued active involvement with colleagues,
clients and prospective clients.”
Before being named as Chairman of Alternative Investments at Credit
Suisse, Mr.