Cohen Highlights 2003 – 2009

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My resume and personal highlights when I helped Cohen Bros. become Alesco Financial and whatever the final destination that company ends up.

COHEN HIGHLIGHTS:

  • Launched Cohen’s first stand alone CDO (Dekania CDO I).
    • 2 standalone Dekania CDOs, 12 Alesco CDOs with a combination of insurance and bank debt securities, and 3 Dekania Europe CDOs
    • Create framework for analysis
    • Served on the credit committee
    • Developed website reporting mechanism to provide details to investors in the CDO transactions.
    • Met with investors to market new CDO transactions and to provide updates to existing CDO transactions
    • Conducted due diligence on over 250 distinct insurance companies, varying in size from $5 mm of surplus to over $5 billion of surplus.  Companies included small private companies, mutuals of all sizes, publicly traded companies, Bermuda reinsurers and Lloyd’s integrated vehicles.
    • Induced management teams to issue favorably-treated for investor debt securities
    • Worked with a number of start up companies and private equity buyouts
      • Conducted comprehensive due diligence on the business prospects of numerous start-ups and provided keystone financing for the transactions.
  • Helped move the domestic CDO origination network to Europe and created the framework from their accumulation of assets and securitization of assets into investor- and tax-friendly CDOs.
  • Developed frame work and proprietary templates in order to systematically analyze potential insurance companies
  • Amassed and managed over $3.0 billion of insurance debt securities, which produced recurring revenues in excess of $20 mm per annum.
  • In addition to the recurring asset management fees, I helped produced an estimated $75.0 mm of upfront structuring and placement fees.
  • Launched the first three Euro-denominated insurance subordinated debt CDO (totaling nearly a billion Euros in initial value)

• Specified as Cohen’s insurance industry expert and a member of the collateral manager credit committees. Served on the credit committee for every Cohen, Dekania, Alesco CDO transaction.

• Developed the collateral management framework for the non-ABS asset managers. The framework included credit screening for prospective issuers, ongoing credit analysis and monitoring of actual issuers, systematic reporting of information to investors and methodology for taking any necessary credit actions on the portfolio.

• Analyzed and provided debt funding to over 150 insurance companies in amounts ranging from $5 mm to $150 mm per issuance.

• Marketed new CDO transactions to investors, specifically educating investors on Cohen’s CDO capabilities and industry expertise, the historical profile of the insurance industry and credit profile of individual companies.

• Managed assets of $3 billion for ten separate CDOs by providing investors detailed information on the performance of the underlying collateral and taking any actions on the individual collateral

• Restructured over $100 mm of distressed debt.

• Worked with rating agencies to refine and improve the ratings process for both the underlying collateral and the individual CDO transactions. FroRating agencies wer

  • • ⁃ 2 standalone Dekania CDOs, 12 Alesco CDOs with a combination of insurance and bank debt securities, and 3 Dekania Europe CDOs
    • Create framework for analysis
    • Served on the credit committee
    • Developed website reporting mechanism to provide details to investors in the CDO transactions.
    • Met with investors to market new CDO transactions and to provide updates to existing CDO transactions
    • Conducted due diligence on over 250 distinct insurance companies, varying in size from $5 mm of surplus to over $5 billion of surplus.  Companies included small private companies, mutuals of all sizes, publicly traded companies, Bermuda reinsurers and Lloyd’s integrated vehicles.
    • Induced management teams to issue favorably treated debt
    • Worked with a number of start up companies and private equity buyouts
      • Conducted comprehensive due diligence on the business prospects of numerous start-ups and prvided
  • Developed frame work and proprietary templates in order to systematically analyze potential insurance companies
  • Amassed and managed over $3.0 billion of insurance debt securities which produced recurring revenues in excess of $20 mm per annum.
  • In addition to the recurring asset management fees, I helped produced an estimated $75.0 mm of upfront structuring and placement fees.
  • Launched the first Euro-denominated insurance subordinated debt CDO
  • Launched Cohen’s first stand alone collateralized debt obligation, Dekania CDO I, Ltd., a $300 million pool of insurance debt securities.
  • Structured, marketed and closed 17 CDOs with an aggregate deal value in excess of $11 billion.
  • Developed the collateral management framework for the non-ABS asset managers. The framework included credit screening for prospective issuers, ongoing credit analysis and monitoring for the portfolio, periodic investor reporting and a credit committee methodology.
  • Conducted due diligence on over 250 distinct insurance companies, varying in size from $5 mm of surplus to over $5 billion of surplus.  Companies included small private companies, mutuals of all sizes, publicly traded companies, Bermuda reinsurers and Lloyd’s integrated vehicles.
  • Provided debt funding to over 150 insurance companies in amounts ranging from $5 mm to $150 mm per issuance and totaling over $3 billion.
  • Marketed new CDO transactions to investors, specifically educating investors on Cohen’s CDO capabilities and expertise, the historical profile of the insurance industry and credit profile of individual companies.
  • Amassed and managed over $3.0 billion of insurance debt securities which produced recurring revenues in excess of $8 mm per annum.
  • Restructured over $100 mm of distressed debt within the portfolio.
  • Worked with rating agencies to refine and improve the ratings methodology for both the underlying collateral and the CDO structures.
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