Star Mountain Capital has continued its hiring spree with the appointment of former Merrill Lynch options specialist James Camarda (pictured) as managing director.
He brings twenty years of experience within the different funding sector. Throughout his time at Merrill Lynch, now a part of Financial institution of America, he held the position of director and divisional different funding specialist, the place he led a crew of 4 specialists, managed a seven-state territory and engaged with over a thousand monetary advisers.
Camarda will probably be primarily based in Star Mountain’s Tampa, Florida workplace.
“James has had a powerful 20 12 months profession in different investments at Merrill Lynch, one of many world’s largest funding administration companies,” stated Brett Hickey, Star Mountain’s founder and chief govt. “James will play a pivotal and multifaceted position, together with forming and managing strategic partnerships with wealth administration platforms and different traders.”
Star Mountain has over $4bn (£3bn) of other belongings underneath administration, specializing in the US decrease mid-market.
“Having gotten to know Star Mountain’s management crew and spectacular shopper base, I used to be intrigued by how giant and fragmented the decrease middle-market is, making up practically 50 per cent of the US financial system. With M&A exercise anticipated to extend amongst small and medium-sized companies attributable to getting older demographics, I see a novel alternative for traders,” stated Camarda. “Star Mountain’s distinctive origination, underwriting and portfolio value-add platform positions us effectively to capitalize on these alternatives, offering publicity to a market section many portfolios lack.”
Star Mountain has been increasing its crew. Earlier this month, it named Curtis Glovier, a former managing director and funding committee member at Fortress Funding Group, as managing director and strategic portfolio officer.
It additionally just lately appointed asset administration veteran Scott Couto and pensions skilled Charles Millard as senior advisers.