CHICAGO, Aug. 9, 2011 (GLOBE NEWSWIRE) -- Neutral Tandem, Inc., (Nasdaq:TNDM), a leading provider of global interconnection services, announces the addition of David Zwick to its management team as the company's Senior Vice President of Business Development. David will play a key role, focusing on the company's merger and acquisition (M&A) strategy.
Mr. Zwick brings 13 years of M&A experience in the telecommunications industry to Neutral Tandem. As a senior investment banker at Lehman Brothers and Barclays Capital, he advised clients on more than $85 billion of successful M&A transactions in the telecom sector globally. David began his investment banking career with Lehman Brothers and was based in New York for 11 years. For the most recent two years, he was based in Hong Kong and played a leadership role to build a communications & media investment banking group in Asia-Pacific for Barclays Capital. Mr. Zwick holds a Bachelor's degree with honors in Finance from the University of Illinois and earned an MBA from Northwestern University's Kellogg School of Management.
"David will be instrumental in executing Neutral Tandem's M&A strategy," states Ed Evans, CEO of Neutral Tandem. "As a veteran of some of the largest and most complex M&A transactions in the telecom industry, his proven and global experience will aid Neutral Tandem in developing and implementing a cohesive, strategic plan. I am delighted that David has joined us."
"Neutral Tandem presents an attractive opportunity for me to contribute to a company that is well positioned to transform the industry," adds David Zwick, Sr. Vice President of Business Development for Neutral Tandem. "I am looking forward to working together with the executive team to bring Neutral Tandem to the next level." Mr. Zwick joined Neutral Tandem effective August 1, 2011, reporting to Mr. Evans.