Tiptree Financial Inc. (“Tiptree” or the “Company”) (NASDAQ: TIPT), a
diversified holding company, today announced that Sandra E. Bell will
join the Company as Chief Financial Officer, effective July 1, 2015.
Ms. Bell brings over 30 years of business experience in the financial
services and energy industries, both as a public company Chief Financial
Officer and as an investment banker. Most recently, Ms. Bell served as
Chief Financial Officer of Prospect Mortgage, LLC (“Prospect”), a
private equity owned mortgage originator and servicer, overseeing all
financial activities, including strategic planning, treasury, financial
reporting, bank and rating agency relationships and investor relations.
Prior to joining Prospect, from 2008 to 2011, Ms. Bell served as Chief
Financial Officer of PHH Corporation (“PHH”), a publicly traded,
multi-divisional financial services company engaged in the private label
mortgage services and fleet management businesses. While at PHH, her
responsibilities included treasury, cash management and banking
relationships, strategic planning, budgeting and forecasting, investor
relations, accounting and public reporting, audit and tax. Prior to PHH,
Ms. Bell served as Executive Vice President and Chief Financial Officer
of the Federal Home Loan Bank of Cincinnati, where Ms. Bell managed its
development, profitability and risk of its core business lines. She also
led the strategic financial management and reporting functions,
including SEC reporting; treasury, including funding and capital and
risk management; credit services, including the lending and credit risk
management functions; and management of a whole loan mortgage portfolio.
Prior to assuming her position at the Federal Home Loan Bank, Ms. Bell
had been a Managing Director at Deutsche Bank Securities, where she had
been employed for 13 years. Ms. Bell received a Bachelor of Arts degree
in Economics from The Ohio State University and a Masters in Business
Administration from Harvard Business School.
“We are excited to have Sandra join our team. Her wealth of financial
and public company experience, as well as her strategic vision, are a
perfect fit for Tiptree,” said Geoffrey N. Kauffman, Co-Chief Executive
Officer of Tiptree.
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 five segments: insurance and
insurance services, specialty finance, asset management, real estate and
corporate and other (which includes Tiptree’s principal investments).
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.
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