Press Release
Mark Kahn Joins Principia as EVP Sales to Lead Global Business Development
Mark brings 20 years of sales and administrative experience in
structured finance
Jersey City, NJ – August 7, 2007 - Principia Partners, a leading
solution provider for the management and administration of structured finance
transactions, has appointed Mark Kahn as its EVP Sales. He will be directly
responsible for managing global business development and further strengthening
the sales pipeline in the rapidly growing structured finance market.
Mark Kahn joins Principia with a highly successful track record
in leading business development and managing client relationships in the
structured finance trust, administration and servicing businesses at JPMorgan
Chase Bank and Deutsche Bank. Most recently, Kahn managed Product and Client
Services for Systems and Services Technologies, Inc., a wholly owned subsidiary
of JPMorgan Chase and a part of its Worldwide Securities Services division.
He also held various executive positions, managing business development
for JPMorgan's CDO, Structured Investment Vehicle (SIV) and ABCP Conduit
administration business units.
Prior to joining JPMorgan, Kahn managed the ABCP and SIV Conduit
administration businesses at Bankers Trust Company, where he was responsible
for product development, operations, client management, administration and
sales. Before that, he was a Senior Consultant at Arthur Andersen & Co.
“We are delighted to add Mark to our leadership team,” states
Theresa Adams, President and CEO of Principia. “Mark brings the unique
combination of qualities required of this role: an impeccable sales track
record, proven
managerial success and hands-on, deep industry knowledge. With
more than 20 years experience in structured finance, Mark has intimate technological
and business process knowledge of Principia’s key target markets.
In addition, he will provide invaluable insight to Principia’s product
development and other supporting teams. As Principia continues
to develop leading solutions for operations such as ABCP conduits,
SIVs and credit
derivative product companies, Mark will be instrumental in guiding
the company to meet its aggressive expansion goals."
“Principia is well-recognized in the industry for its
innovative software supporting the administration and operations
of structured finance
vehicles," says Kahn. "The company is respected for its industry
knowledge and focus on building value: Getting businesses up and running
quickly and enabling programs to scale with the market demands. I am enthusiastic
about the company’s commitment to the market at this very exciting
stage of its growth, and I look forward to helping shape and execute
its sales strategy. ”
About Principia Partners
Principia Partners is the leading solution provider for structured
finance operating companies and investment managers. The Principia SFP
solution helps significantly reduce the operational risks and costs associated
with the management and administration of ABCP conduits, securities arbitrage
conduits, structured investment vehicles (SIVs), credit derivative product
companies (CDPCs), CDO collateral managers and structured credit investment
managers. Principia helps meet the unique structuring and intensive processing
requirements for these vehicles, increasing operational efficiency and
business opportunity while satisfying rating agency demands. With extensive
testing and development in the market, the system is designed to address
the industry’s call for more standardization. It provides a unified
platform with day-to-day portfolio management, in conjunction with the
automation of operationally-intensive administrative tasks such as compliance
reporting, accounting, and maintaining an audited operating policy.
Principia Partners is headquartered at the Harborside Financial Center, Jersey City, New Jersey, USA with an office at 1 Cornhill in London, UK and a Technology Center in Conshohocken, PA, USA.
For press information contact:
Ben Jarrold
Metia
101 St. Martins Lane
London WC2N 4AZ
Tel: + 44 (0) 20 3100 3610
Fax: + 44 (0) 20 3100 3770
Email: Ben.Jarrold@metia.com
Shamira Alidina
Metia
101 St. Martins Lane
London WC2N 4AZ
Tel: + 44 (0) 20 3100 3598
Fax: + 44 (0) 20 3100 3770
Email: Shamira@metia.com