The PrinceRidge Group LLC Names William Haley Head of Asset-Backed Securities Banking Group

September 17, 2009 08:15 AM Eastern Daylight Time

The PrinceRidge Group LLC, the new institutional client-oriented broker-dealer founded by John Costas (Chairman) , Michael Hutchins (CEO), Ahmed Alali, Colette Dow, Ronald Garner and Matthew Johnson, has named William Haley head of its asset-backed securities banking group, reporting to Ahmed Alali.

This ABS group will provide select clients with capital market advisory and execution services across the entire capital structure. Commenting on the opportunity, William Haley said, “Disruption in public and private ABS channels has created a need for intermediaries like PrinceRidge to provide advisory services and custom-tailored financing packages that will facilitate and deepen client access to investors in senior and subordinated securities, as well as the whole loan market.”

Mr. Haley brings more than 25 years of financial services industry experience to PrinceRidge. He is a highly accomplished executive who has worked extensively in building profitable capital market businesses. Mr. Haley has served a diverse roster of financial service clients, often in turbulent market conditions.

Prior to joining PrinceRidge, Mr. Haley served as corporate managing director and group executive at ABN Amro where he ran investment-grade capital market origination.

From 1996 to 2003, Mr. Haley was a managing director and head of frequent issuer ABS coverage at J.P. Morgan Chase. His resume also includes management roles at Prudential Securities, Lehman Brothers and Salomon Brothers.

Mr. Haley said, “I’m excited about PrinceRidge given the high quality and experience of the talent coming into the firm. This dynamic team will surely drive innovation and value creation for our clients.”

About The PrinceRidge Group

PrinceRidge is a financial services firm built upon extensive industry experience, professionalism and integrity. The firm is client-oriented, fixed-income focused and offers a variety of financial services to an institutional customer base. PrinceRidge is committed to employing the highest quality professionals with significant industry experience, deep product knowledge, integrity and entrepreneurial spirit. For more information about The PrinceRidge Group LLC please visit www.princeridge.com.

Disclaimer: All investments involve different degrees of risk. You should be aware of your risk tolerance level and financial situations at all times. You should read any and all prospectuses carefully before making any investment decisions. You are free at all times to accept or reject all investment recommendations made by The PrinceRidge Group LLC. All products sold by The Prince RidgeGroup LLC are subject to market risk and may result in the entire loss to the client’s investment. A recommendation, which you are free to accept or reject, is not a guarantee for the successful performance of an investment and we are expressly prohibited from guaranteeing accounts against losses arising from market conditions.