Peter D. Goldstein Named Chief Legal Officer & David M. Goldman Named General Counsel 

Rhea-AI Summary

Associated Capital Group (NYSE:AC) has announced the appointment of Peter D. Goldstein as Chief Legal Officer and David M. Goldman as General Counsel and Director of Corporate Development, effective April 16, 2021. This leadership change follows the retirement of Kevin Handwerker, who served as General Counsel for six years. Goldstein brings extensive legal experience from GAMCO Investors and the SEC, while Goldman has been with GAMCO since 2011, previously serving at Deutsche Asset Management. Associated Capital focuses on alternative investment management and direct investment strategies.

Positive

• Appointment of experienced leaders Peter D. Goldstein and David M. Goldman may enhance legal and compliance functions.
• Goldstein's extensive background in law and regulation could strengthen the company's legal framework.

Negative

• The retirement of Kevin Handwerker may lead to transitional challenges in legal oversight.

Associated Capital Group (NYSE:AC) appointed Peter D. Goldstein as the Chief Legal Officer and David M. Goldman as General Counsel and Director of Corporate Development of Associated Capital Group, effective April 16, 2021.

On behalf of our shareholders, directors, and fellow teammates, we thank Kevin Handwerker for the past six years of service as General Counsel of Associated Capital Group and wish him well on his retirement.

Peter Goldstein rejoined affiliate GAMCO Investors, Inc. (NYSE:GBL) in July 2020 as General Counsel of Gabelli Funds and has been appointed General Counsel of GAMCO. Peter had most recently been the General Counsel and Chief Compliance Officer at Buckingham Capital Management since December 2011 after a seven-year stint as the Director of Regulatory Affairs at GAMCO. Earlier in his career, Peter was a litigation partner with Dorsey & Whitney in New York. He subsequently joined the Securities & Exchange Commission where he was a Branch Chief in the Enforcement Division. Peter was the Associate General Counsel of GAMCO Investors, Inc. from 1997 through 2000 before joining Goldman Sachs in late 2000. Peter is a graduate of Boston College Law School (J.D., magna cum laude), holds a M.S. from Harvard University and completed his undergraduate degree at Brandeis University (cum laude).

David Goldman joined GAMCO Investors in January 2011 and is currently the General Counsel and Chief Compliance Officer of GAMCO Asset Management Inc., the institutional and private wealth management subsidiary. Prior to joining GAMCO, from 2008, David was a Director at Deutsche Asset Management, Deutsche Bank’s Retail Asset Management Division since 2008. He initially joined Bankers Trust - Alex. Brown in Baltimore in 1998, prior to its acquisition by Deutsche Bank. David is a graduate of University of Maryland School of Law and holds an LLM from Georgetown University School of Law in Securities Regulation. He completed his undergraduate studies at Indiana University in Bloomington with a B.S. in Accounting.

About Associated Capital Group, Inc.

Associated Capital Group, Inc. (NYSE:AC), based in Greenwich Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA” f/k/a Gabelli Securities, Inc.). The proprietary capital is earmarked for our direct investment business that invests in new and existing businesses. The direct investment business is developing along three core pillars; Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with $150 million of authorized capital as a “fund-less” sponsor; the SPAC business (Gabelli special purpose acquisition vehicles), launched in April 2018; and, Gabelli Principal Strategies Group, LLC (“GPS”) created to pursue strategic operating initiatives.

For further information please visit www.associated-capital-group.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210412005923/en/

FAQ

Who are the new legal appointments at Associated Capital Group on April 16, 2021?

Peter D. Goldstein was appointed as Chief Legal Officer and David M. Goldman as General Counsel and Director of Corporate Development.

What experience does Peter D. Goldstein bring to Associated Capital Group?

Goldstein has previous roles at GAMCO Investors and the SEC, providing extensive legal and regulatory expertise.

What is the significance of David M. Goldman's role at Associated Capital Group?

Goldman, having been with GAMCO since 2011, will oversee corporate development and legal matters, enhancing the company's governance.

What changes occurred in the legal team of Associated Capital Group recently?

The recent changes include the retirement of Kevin Handwerker and the appointments of Goldstein and Goldman.

How might the new leadership impact Associated Capital Group's stock performance?

The appointments may lead to improved legal oversight and compliance, potentially boosting investor confidence.