April 15, 2005 New York, NY - Peter S. Rawlings, a well-known leader in the field of corporate finance, will head U.S. RE Securities, LLC. The Company has also been admitted to membership in the National Association of Securities Dealers, Inc. (NASD).
"We're especially pleased that Peter Rawlings will take the helm at U.S. RE Securities," said Tal P. Piccione, Chairman and Chief Executive Officer of the parent, U.S. RE Companies, Inc., "particularly now that it has achieved membership in the NASD. Mr. Rawlings brings to U.S. RE Securities over 30 years of experience at the top level of his profession."
Mr. Rawlings will serve as Chairman of the Board of Managers and Chief Executive Officer of U.S. RE Securities, LLC. He served earlier as Chairman of Investment Banking and Head of Capital Markets at Investec, Inc. Prior to its sale to Investec, he was Managing Director of PMG Capital. Earlier, he held senior management positions with Lehman Brothers and headed Capital Markets for Paine Webber.
"We're pleased to extend the services offered by U.S. RE Securities in line with its membership in the NASD," Mr. Piccione said. "As a broker-dealer member of the NASD, U.S. RE Securities, LLC, will provide investment and merchant banking services within the domestic and international insurance and reinsurance arenas. The Company also is expected to play an important role in the field of securitization tied to the transfer of risk."
For more information, contact Mechlin Moore, MDM Communications (239-777-1595 mmoore7412@aol.com.
