New York, NY (PRWEB) May 10, 2011
The Broadsmoore Group, a privately held investment advisory and merchant banking firm, today announced a modification of the company’s executive responsibilities and has selected David Ring as its new President while appointing Gil Sacher to the corporate advisory board.
“As The Broadsmoore Group continues to grow and evolve at a rapid pace-building the investment portfolio, establishing new relationships, and increasing our executive team, we felt that David’s entrepreneurial background and comprehensive financial experience was exactly what we needed in the role of President at this time in the company’s maturity,” said AJ DiScala the company’s Founder and Managing Principal.
Mr. Ring brings over fifteen years of experience in the financial services industry as an owner, advisor, merchant banker, and principal of a broker dealer. Prior to Broadsmoore, Mr. Ring was a co-founder of a litigation fund which invested in legal claims and lawsuits by advancing money to litigants while their claims were still pending. Mr. Ring was also responsible for over $200 million in case investments, collections and receivables. He was in charge of overseeing the firm’s 10,000 case investments, financial modeling and reporting, asset protection, infrastructure, and operations. Prior to co-founding the litigation fund, Mr. Ring was a partner in Knightsbridge Equities where he was responsible for risk management, operations, technology infrastructure, trade clearing and execution, financial reporting and business continuity. During Mr. Ring’s tenure, the company grew from a single New York office to a presence in eight cities globally. During his career, Mr. Ring has also been an advisor to companies in roles such as acquisitions, M&A, operations, valuation and pricing, deal structuring and negotiating alternative financing, and providing financial advice and implementation.
“I am excited to take on this new role at The Broadsmoore Group,” said David Ring. “I believe that with our growing team of experts and the vision that is quickly becoming a reality with each new portfolio company, The Broadsmoore Group will be able to provide the most substantial investment opportunities built only with corporations that have paradigm shifting and profitable business models. I am grateful to Gil Sacher for his great leadership and direction and look forward to working closely with him as we continue to build great investment opportunities and a protected environment for investors.”
For more information about The Broadsmoore Group you can go to their website at AJ Discala
About AJ Discala:
Abraxas J. Discala
Chief Executive Officer(CEO)
AJ DiScala brings over 20 years of experience in merchant banking, principal investing and financial advisory. Mr. AJ DiScala began his career at his family’s real estate firm, DiScala Fairfield, which was eventually sold to Grubb & Ellis in 1989, providing the firm with a strong foothold in the highly coveted Northeast market. Continuing his real estate endeavors, AJ Discala subsequently worked at Carson Crane and Alliance Partners. Mr. AJ DiScala then joined TJM Institutional Services as a bond broker in 1996. During his three years with the Chicago based institution, he raised capital for their hedge fund and provided coverage for the US Treasury bond market. Prior to forming The Broadsmoore Group, Mr. AJ DiScala served as Managing Partner and Co-Founder of Calico Capital Group, LLC, a New York and Los Angeles based merchant banking and advisory firm that focused on the unique needs of small to mid-cap emerging growth companies. Mr. DiScala brought his access to a robust pipeline of potential clients and investment opportunities to Calico. During his tenure, Mr. AJ DiScala was responsible for over 50 transactions ranging from $2 million to more than $200 million. The firm built a portfolio of promising companies based on its ability to not only provide capital, but to assemble quality management teams and build brand names quickly and efficiently through Mr. AJ DiScala’s extensive connections in various industries. Throughout his career in financial services, Mr. DiScala has advised on over $1 billion in secured debt, equity, and mezzanine financing transactions across a broad spectrum of industries.
About The Broadsmoore Group:
The Broadsmoore Group is a privately held financial advisory and investment firm dedicated to making a difference and creating a secure financial marketplace where the client’s needs come first. The company’s network of family offices and high net worth individuals provide the ability to connect strong, socially responsible companies to the right resources. The company’s priority is to provide its strategic partners with proven expertise in finance, liquidity generation, operations, marketing, security and cyber brand management. The Broadsmoore Group’s core philosophy is to return to basics, provide liquidity to those who need it, work to reduce fraud and corruption and strategically partner with only those companies who support a humanitarian, socially responsible or paradigm shifting investment opportunity.
AJ Discala says, The company has re-engineered the investment model by looking for only one reason not to do a deal, rather than one reason to do a deal. The company will not initiate due diligence or evaluate any investment opportunity unless a humanitarian or socially responsible value is clearly identified. Once the value is established Broadsmoore adds an essential step before every transaction, KYC “Know your Counterparty”, to evaluate and score any potential counterparty risk. The Broadsmoore Group works closely with those focused on repairing the financial markets and has co-founded Intellivise to provide in-depth due diligence efforts on the front end that help to prevent fraud and deception before any transaction occurs. The Intellivise score rates risk and bolsters investor confidence, resulting in greater long term market participation. The result is a financial marketplace with sustainable capital infusion and growth where investors share in profitability and the fulfillment of making a difference.
