People: Medley Capital Corp (MCC.N)

MCC.N on New York Stock Exchange

14.50USD
1 Aug 2013
Price Change (% chg)

$-0.10 (-0.68%)
Prev Close
$14.60
Open
$14.71
Day's High
$14.71
Day's Low
$14.42
Volume
48,203
Avg. Vol
116,561
52-wk High
$16.25
52-wk Low
$12.13

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Summary

Name Age Since Current Position

Brook Taube

42 2011 Chairman of the Board, Chief Executive Officer

Richard Allorto

41 2010 Chief Financial Officer, Chief Compliance Officer, Secretary

Arthur Ainsberg

66 2011 Lead Independent Director

Andrew Fentress

42 2011 Director

Seth Taube

41 2011 Director

Richard Dorfman

64 2012 Independent Director

Karin Hirtler-Garvey

56 2011 Independent Director

John Mack

65 2011 Independent Director

Biographies

Name Description

Brook Taube

Mr. Brook Taube is Chairman of the Board, Chief Executive Officer of Medley Capital Corp. Mr. Taube is Managing Partner of MCC Advisors and Senior Portfolio Manager of the private investment funds managed by Medley since 2007. In addition to serving on board of directors, Mr. Taube currently serves on the board of Sierra Income Corporation and on the investment committee for SIC Advisors, the investment adviser to Sierra Income Corporation. Mr. Taube’s intimate knowledge of the business and operations of MCC Advisors, familiarity with the financial industry and the investment management process in particular, and experience as a director of another business development company not only gives the board of directors insight but also positions him well to continue to serve as the Chairman of board of directors. Mr. Taube’s positions as Chief Executive Officer of the Company, Managing Partner of MCC Advisors and member of its Investment Committee provides the board with a direct line of communication to, and direct knowledge of the operations of, the Company and MCC Advisors, respectively.

Richard Allorto

Mr. Richard T. Allorto, Jr., is Chief Financial Officer, Chief Compliance Officer, Secretary of Medley Capital Corp. Mr. Allorto was Chief Financial Officer, Chief Compliance Officer and Secretary of Sierra Income Corporation; Chief Financial Officer since 2010 of MCC Advisors; Chief Financial Officer of GSC Investment Corp. from 2007 to 2010. Mr. Allorto is the Chief Financial Officer, Chief Compliance Officer, and Secretary of the Company. Mr. Allorto also is the Chief Financial Officer and Chief Compliance Officer of Medley and is responsible for the financial operations of the various private funds managed by Medley. Prior to joining Medley, Mr. Allorto held various accounting and finance positions at GSC Group, Inc., a registered investment advisor, including, most recently as Chief Financial Officer of a publicly traded business development company that was externally managed by GSC Group. Prior to GSC Group, Mr. Allorto was an Audit Supervisor at Arthur Andersen. Mr. Allorto received a B.S. in Accounting from Seton Hall University and is a licensed CPA.

Arthur Ainsberg

Mr. Arthur S. Ainsberg is Lead Independent Director of Medley Capital Corp. Mr. Ainsberg has over 35 years of experience in the financial services industry and a deep understanding of public and accounting matters for financial service companies. Mr. Ainsberg has served as a director, Chairman of the Audit Committee and member of the Compliance Committee of Nomura Securities International, Inc. (the U.S. based broker-dealer of The Nomura Group) since 1996. Mr. Ainsberg has served as a director for National Financial Partners Corporation, an independent financial services distribution company from July 2003 through May 2012. From August 2009 through June 2011, Mr. Ainsberg served as Chief Operating Officer of Lehman Brothers Inc. in liquidation, the most complex bankruptcy in the United States. Prior to this engagement, Mr. Ainsberg served as the Independent Consultant for Morgan Stanley & Co. from December 2003 until July 2009, under the Global Research Analyst Settlement, and was responsible for selecting and monitoring the providers of independent research for the clients of Morgan Stanley. Previously, Mr. Ainsberg was Chief Operating Officer at two investment partnerships, Brahman Capital Corp. from 1996 to 2000 and Bessent Capital Corp. during 2001. He also served as Chairman of the New York State Board for Public Accountancy from 1999 to 2000 and was a member of that board from 1993 to 2001. From 1998 to 2000, he was also a member of the Board of District 10 of the National Association of Securities Dealers.

Andrew Fentress

Mr. Andrew Fentress is Director of Medley Capital Corp. He was Managing Partner of MCC Advisors and Senior Portfolio Manager of the private investment funds managed by Medley; previously, a Partner at CN Opportunity Fund from 2003 – 2005. Mr. Fentress has been the Managing Partner of investment adviser, MCC Advisors, since inception and Senior Portfolio Manager of the private investment funds managed by Medley since 2007. Through his depth of experience in managerial positions in investment management, leveraged finance and financial services, as well as his intimate knowledge of the business and operations of MCC Advisors and the private investment funds managed by Medley

Seth Taube

Mr. Seth Taube is Director of Medley Capital Corp. He is a Managing Partner of MCC Advisors and Senior Portfolio Manager of the private investment funds managed by Medley LLC (“Medley”) since 2007. In addition, Mr. Taube has served as President, Chief Executive Officer and Chairman of the board of directors of Sierra Income Corporation, a non-traded business development company since its inception in June 16, 2011. Mr, Taube also serves as Chief Executive Officer of SIC Advisors LLC, which serves as the investment adviser to Sierra Income Corporation. In addition to serving on board of directors, Mr. Taube currently serves on the board of Sierra Income Corporation, Proactive Northern Container, Advanced Data Centers and Bennu Glass. Through his depth of experience in managerial positions in investment management, leveraged finance and financial services, as well as his intimate knowledge of the business and operations of MCC Advisors and the private investment funds managed by Medley, Mr. Taube brings knowledge of private equity and investment banking.

Richard Dorfman

Mr. Richard A. Dorfman is Independent Director of Medley Capital Corp. He was Managing Director of Securities Industry and Financial Markets Association (SIFMA); and President and CEO of Federal Home Loan Bank of Atlanta from 2007 – 2010. Since April 2010, Mr. Dorfman has held the position of Managing Director and Head of Securitization for the Securities Industry Financial Markets Association (SIFMA), the securities industry advocacy group. From 1984 through 1997, Mr. Dorfman was the President and Chief Executive Officer of the Federal Home Loan Bank of Atlanta, the Federal Home Loan Bank. Prior to Federal Home Loan Bank of Atlanta, Mr. Dorfman provided strategic and operational consulting and advisory work to several Federal Home Loan Banks nationwide, as well as the Federal Home Loan Bank Systems Office of Finance. Mr. Dorfman was the Managing Director & Head of U.S. Agencies and Mortgages at ABN Amro, Inc. and also held a number of senior executive positions with Lehman Brothers Inc., including the role of as head of the business unit dealing with mortgage-backed securities, related investment products and the pertinent financial institutions.

Karin Hirtler-Garvey

Ms. Karin Hirtler-Garvey is Independent Director of Medley Capital Corp. In February, 2012, Ms. Hirtler-Garvey was appointed Chairman of the Board of Directors of Aeropostale Inc. Prior to being appointed, Ms. Hirtler-Garvey served as a Director of Aeropostale since August 2005 where she was the lead independent director and served as a member of the Nominating and Corporate Governance Committee and Chairperson of the Audit Committee. From May 2009 to November 2011, Ms. Hirtler-Garvey was the Chief Risk Executive for Ally Financial Inc. From March 2005 to December 2008, Ms. Hirtler- Garvey was a principal in a start-up real estate development venture based in New Jersey. From 1995 to 2005, Ms. Hirtler-Garvey held various senior level management positions at Bank of America, including Chief Operating Officer, Global Markets, President of Trust and Credit Banking Products, and Chief Financial Officer/Chief Operating Officer for the Wealth and Investment Management division. Ms. Hirtler-Garvey is also a director of USAA Federal Savings Bank and Western World Insurance Co, each a privately held corporation. Ms. Hirtler-Garvey is a Certified Public Accountant.

John Mack

Mr. John E. Mack is Independent Director of Medley Capital Corp. Previously, he was Senior Managing Executive Officer and Chief Financial Officer of Shinsei Bank of Tokyo. He has over 35 years of international banking, financial business management and mergers and acquisitions experience. From November 2002 through September 2005, Mr. Mack served as Senior Managing Executive Officer and Chief Financial Officer of Shinsei Bank, Limited of Tokyo, Japan. Prior to joining Shinsei Bank and for more than twenty-five years, Mr. Mack served in senior management positions at Bank of America and its predecessor companies, including twelve years as Corporate Treasurer of NationsBank Corporation and NCNB Corporation. Mr. Mack is a member of the Board of Directors of Flowers National Bank, Incapital Holdings LLC, Residential Capital LLC Searchlight Minerals Corp., and is Vice Chairman and a director of Islandsbanki hf located in Reykjavik, Iceland. Mr. Mack holds an MBA from the University of Virginia, Darden School of Business and received his bachelor’s degree in Economics from Davidson College.

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