Tiptree Financial Inc. (“Tiptree” or the “Company”) (NASDAQ:TIPT) today
announced the appointments of Lesley Goldwasser and Jonathan Ilany to
Tiptree’s Board of Directors, effective immediately. Today’s
appointments fill a previous vacancy on the Board and increase Tiptree’s
Board size from six directors to seven.
“Lesley’s addition to the Board provides Tiptree with significant added
financial expertise, which should be valuable in driving our future
corporate strategy,” remarked Michael G. Barnes, Chairman of the Board
of Tiptree. “In addition, we are pleased to welcome Jonathan back to the
Board and expect he will make significant contributions as he did in his
previous tenure.”
Ms. Goldwasser is a Managing Partner of GreensLedge Capital Markets LLC
(“GreensLedge”). Prior to joining GreensLedge, Ms. Goldwasser was
associated with Credit Suisse Group AG (“Credit Suisse”) as a Managing
Director where she had global responsibility for the Hedge Fund
Strategic Services unit. Before Credit Suisse, Ms. Goldwasser spent 12
years at Bear, Stearns & Co. Inc. (“Bear Stearns”) where she was co-head
of Global Debt and Equity Capital Markets units and had global
responsibility for structured products. Prior to her tenure at Bear
Stearns, Ms. Goldwasser spent 12 years at Credit Suisse in a variety of
management positions, including responsibility for both the Asset Backed
and Non-Agency Mortgage Trading Desks. Ms. Goldwasser is a graduate of
the University of Cape Town, South Africa.
Mr. Ilany is Executive Vice President, Head of Mortgage Finance and
Asset Management of Tiptree and its subsidiary, Tiptree Operating
Company, LLC, and a member of Tiptree’s management Executive Committee
since October 1, 2014. Previously, Mr. Ilany was a member of the Board
from August 2010 until September 15, 2014. Mr. Ilany served as a
director of Rescap, a subsidiary of Ally Bank from November 2011 until
December 2013. Since 2005, he has been a private investor and passive
partner at Mariner Investment Group. Mr. Ilany was a partner at Mariner
Investment Group from 2000 until 2005, responsible for hiring and
setting up new trading groups, overseeing risk management, and serving
as a senior member of the Investment Committee and Management Committee
of the firm. From 1996 to 2000, Mr. Ilany was a private investor.
Previously, he spent 13 years at Bear Stearns & Co. Inc. and also held
positions at Merrill Lynch. From 1971 until 1975, Mr. Ilany served in
the armored corps of the Israeli Defense Forces, and was honorably
discharged holding the rank of First Lieutenant. Mr. Ilany received his
B.A. and M.B.A. from the University of San Francisco.
About Tiptree
Tiptree is a diversified holding company engaged through its
consolidated subsidiaries in a number of businesses and is an active
acquirer of new businesses. Tiptree, whose operations date back to 2007,
currently has subsidiaries that operate in four industry segments:
insurance and insurance services, specialty finance, asset management
and real estate. Tiptree is publicly traded on the NASDAQ stock market
(NASDAQ: TIPT). For additional information, please visit Tiptree’s
website at www.tiptreefinancial.com.
Forward-looking Statements
This release contains “forward-looking statements” which involve risks,
uncertainties and contingencies, many of which are beyond Tiptree’s
control, which may cause actual results, performance, or achievements to
differ materially from anticipated results, performance, or
achievements. All statements contained in this release that are not
clearly historical in nature are forward-looking, and the words
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,”
“plan,” “project,” “should,” “target,” “will,” or similar expressions
are intended to identify forward-looking statements. Such
forward-looking statements include, but are not limited to, statements
about Tiptree’s plans, objectives, expectations and intentions. The
forward-looking statements are not guarantees of future performance and
are subject to risks, uncertainties and other factors, many of which are
beyond Tiptree’s control, are difficult to predict and could cause
actual results to differ materially from those expressed or forecasted
in the forward-looking statements. Tiptree’s actual results could differ
materially from those anticipated in these forward-looking statements as
a result of various factors, including, but not limited to those
described in the section entitled “Risk Factors” in Tiptree’s Annual
Report on Form 10-K, and as described in the Company’s other filings
with the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which speak
only as to the date of this release. The factors described therein are
not necessarily all of the important factors that could cause actual
results or developments to differ materially from those expressed in any
of Tiptree’s forward-looking statements. Other unknown or unpredictable
factors also could affect Tiptree’s actual results statements.
Consequently, Tiptree’s actual performance could be materially different
from the results described or anticipated by its forward-looking
statements. Given these uncertainties, investors should not place undue
reliance on these forward-looking statements. Except as required by the
federal securities laws, Tiptree undertakes no obligation to update any
forward-looking statements.
Copyright Business Wire 2015