CIFC Corp has appointed Jeffrey S Serota to its board of directors.
Serota is a senior executive with significant principal investing and management experience.
Currently, he serves on the boards of directors of SandRidge Energy and Exco Resources and has served on the boards of over a dozen other public and private companies.
Serota was a senior partner and senior advisor for Ares Management until his retirement earlier in the year.
Bob Machinist, CIFC's chairman says: "We are delighted to have Mr. Serota join our board of directors. He brings years of relevant business and management experience to our board and we welcome being able to work with him at CIFC."
Concurrent with the appointment, Frank C Puleo resigned from the board.
Puleo says: "It has been a pleasure to be involved with CIFC and its original CEO, Peter Gleysteen, since its inception as a start-up through its growth, with the support of Charlesbank Capital Partners and more recently Columbus Nova, into one of the largest CLO managers. While I am a big believer in the company's prospects, my other business activities require increasing time commitments. I wish the current team continued success not only as a CLO manager but in its continuing development of a diverse array of credit asset management products."
