People: Institutional Financial Markets Inc (IFMI.K)
8 Dec 2016
Mr. Joseph M. Donovan is Independent Director of Institutional Financial Markets Inc. He has served as our director since December 16, 2009 and currently serves as a member of the Compensation Committee of the Board of Directors (the “Compensation Committee”) and the Chairman of the Investment Committee of the Board of Directors (the “Investment Committee”). Mr. Donovan is currently retired. Prior to his retirement in January 2007, Mr. Donovan was Chairman of Credit Suisse’s ABS and debt financing group, which he led since March 2000. Prior to that, Mr. Donovan was a managing director and head of asset finance at Prudential Securities from 1998 to 2000 and at Smith Barney from 1995 to 1997. Mr. Donovan began his banking career at The First Boston Corporation in 1983, ultimately becoming a managing director at CS First Boston, where he served as Chief Operating Officer of the Investment Banking Department from 1992 to 1995. Mr. Donovan received his M.B.A. from the Wharton School at the University of Pennsylvania and has a degree in Accountancy from the University of Notre Dame. Mr. Donovan is the Non-Executive Chairman of the Board and Chairman of the audit committee of FLY Leasing Limited (formerly known as Babcock & Brown Air Limited) (NYSE: FLY), an aircraft leasing company headquartered in Dublin, Ireland. Mr. Donovan was a director of RAM Holdings, Ltd. (NASDAQ: RAMR), a Bermuda-based provider of financial guaranty reinsurance, until his resignation from that position on March 1, 2010. Mr. Donovan joined the board of directors of the Homeownership Preservation Foundation, a non-profit organization, in January 2010. Mr. Donovan joined the board of directors and is chairman of the audit committee of STORE Capital Corporation (NYSE: STOR), a net-lease REIT based in Scottsdale, Arizona, in November 2014.
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