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B. Riley Securities Advances Capital Structure Advisory Efforts with New Senior Hire

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B. Riley Securities, a subsidiary of B. Riley Financial (Nasdaq: RILY), has announced the appointment of Brendon Philipps as Managing Director to lead their Capital Structure Advisory and Liability Management efforts. Philipps joins from Guggenheim Partners, bringing nearly 15 years of experience in complex transactions, including restructurings, debt amendments, and capital raises.

Andy Moore, CEO of B. Riley Securities, emphasized the importance of Philipps' expertise in navigating the current complex capital environment. Philipps expressed enthusiasm for expanding B. Riley's product offerings and leveraging opportunities in the current economic climate.

Philipps' background includes roles at Guggenheim Partners, KLS Diversified Asset Management, Millstein & Co., and Rothschild. He holds an MBA from Carnegie Mellon University and a BA in Economics from the University of California, Santa Cruz.

B. Riley Securities, una sussidiaria di B. Riley Financial (Nasdaq: RILY), ha annunciato la nomina di Brendon Philipps come Direttore Generale per guidare i loro sforzi nella consulenza sulla struttura del capitale e nella gestione delle passività. Philipps proviene da Guggenheim Partners, portando con sé quasi 15 anni di esperienza in transazioni complesse, tra cui ristrutturazioni, modifiche del debito e raccolte di capitale.

Andy Moore, CEO di B. Riley Securities, ha sottolineato l'importanza della competenza di Philipps nel navigare l'attuale complesso ambiente del capitale. Philipps ha espresso entusiasmo nell'ampliare l'offerta di prodotti di B. Riley e nel sfruttare le opportunità nell'attuale clima economico.

Il background di Philipps include ruoli presso Guggenheim Partners, KLS Diversified Asset Management, Millstein & Co. e Rothschild. Ha conseguito un MBA presso la Carnegie Mellon University e una laurea in Economia presso l'Università della California, Santa Cruz.

B. Riley Securities, una subsidiaria de B. Riley Financial (Nasdaq: RILY), ha anunciado el nombramiento de Brendon Philipps como Director General para liderar sus esfuerzos en Asesoría de Estructura de Capital y Gestión de Pasivos. Philipps se une desde Guggenheim Partners, trayendo casi 15 años de experiencia en transacciones complejas, incluidas reestructuraciones, enmiendas de deuda y aumentos de capital.

Andy Moore, CEO de B. Riley Securities, enfatizó la importancia de la experiencia de Philipps en la navegación del complejo entorno de capital actual. Philipps expresó entusiasmo por expandir la oferta de productos de B. Riley y aprovechar las oportunidades en el clima económico actual.

El historial de Philipps incluye roles en Guggenheim Partners, KLS Diversified Asset Management, Millstein & Co. y Rothschild. Tiene un MBA de la Carnegie Mellon University y una licenciatura en Economía de la Universidad de California, Santa Cruz.

B. 라일리 증권(B. Riley Securities)은 B. 라일리 파이낸셜(B. Riley Financial, Nasdaq: RILY)의 자회사로, 브렌돈 필립스(Brendon Philipps)를 자본 구조 자문 및 부채 관리 노력을 이끌 관리 이사로 임명했다고 발표했습니다. 필립스는 구겐하임 파트너스(Guggenheim Partners)에서 이전에 복잡한 거래, 구조 조정, 채무 수정 및 자본 조달 등에서 거의 15년의 경험을 쌓았습니다.

B. 라일리 증권의 CEO인 앤디 무어(Andy Moore)는 현재 복잡한 자본 환경을 탐색하는 데 있어 필립스의 전문성이 중요하다고 강조했습니다. 필립스는 B. 라일리의 제품 제공을 확장하고 현재 경제 상황에서 기회를 활용할 수 있다는 점에 대해 열정을 표현했습니다.

필립스의 배경에는 구겐하임 파트너스, KLS 다각화 자산 관리, 밀스타인 & 컴퍼니(Millstein & Co.), 로스차일드(Rothschild)에서의 역할이 포함됩니다. 그는 카네기 멜론 대학교에서 MBA를 취득하였고, 캘리포니아 대학교 산타크루즈에서 경제학 학사 학위를 받았습니다.

B. Riley Securities, une filiale de B. Riley Financial (Nasdaq: RILY), a annoncé la nomination de Brendon Philipps au poste de Directeur Général pour diriger ses efforts en conseil sur la structure du capital et gestion des passifs. Philipps rejoint Guggenheim Partners, apportant près de 15 ans d'expérience dans des transactions complexes, y compris des restructurations, des modifications de dettes et des levées de fonds.

Andy Moore, PDG de B. Riley Securities, a souligné l'importance de l'expertise de Philipps pour naviguer dans l'environnement complexe du capital actuel. Philipps a exprimé son enthousiasme à l'idée d'élargir l'offre de produits de B. Riley et de tirer parti des opportunités dans le climat économique actuel.

Le parcours de Philipps inclut des rôles chez Guggenheim Partners, KLS Diversified Asset Management, Millstein & Co. et Rothschild. Il est titulaire d'un MBA de l'Université Carnegie Mellon et d'une licence en économie de l'Université de Californie, Santa Cruz.

B. Riley Securities, eine Tochtergesellschaft von B. Riley Financial (Nasdaq: RILY), hat die Ernennung von Brendon Philipps zum Managing Director bekannt gegeben, um ihre Bemühungen in der Kapitalstrukturberatung und Liquiditätsmanagement zu leiten. Philipps wechselt von Guggenheim Partners und bringt fast 15 Jahre Erfahrung in komplexen Transaktionen mit, darunter Restrukturierungen, Schuldenänderungen und Kapitalerhöhungen.

Andy Moore, CEO von B. Riley Securities, hob die Bedeutung von Philipps' Fachkenntnissen hervor, um die aktuellen komplexen Kapitalbedingungen zu navigieren. Philipps äußerte Begeisterung darüber, die Produktpalette von B. Riley zu erweitern und Chancen im aktuellen wirtschaftlichen Umfeld zu nutzen.

Philipps' beruflicher Werdegang umfasst Positionen bei Guggenheim Partners, KLS Diversified Asset Management, Millstein & Co. sowie Rothschild. Er hat einen MBA von der Carnegie Mellon University und einen BA in Wirtschaftswissenschaften von der University of California, Santa Cruz.

Positive
  • Strengthening of B. Riley Securities' expertise in capital structure advisory and liability management
  • Addition of a senior professional with 15 years of experience in complex financial transactions
  • Potential expansion of product offerings and investment banking platform
Negative
  • None.

Brendon Philipps joins B. Riley Securities from Guggenheim to Lead the Firm's Capital Structure Advisory and Liability Management Efforts

LOS ANGELES, Sept. 23, 2024 /PRNewswire/ -- B. Riley Securities, a leading middle market investment bank and subsidiary of B. Riley Financial (Nasdaq: RILY), today announced the addition of Brendon Philipps as a Managing Director where he will lead the firm's Capital Structure Advisory and Liability Management efforts.

"We are excited to welcome Brendon and his expertise to our team," said Andy Moore, CEO of B. Riley Securities. "Companies across the middle market are looking for help navigating a complex capital environment where the pace of restructurings is accelerating. Brendon brings deep experience advising companies through this environment and will be an invaluable resource to our go-forward strategy."

"I am thrilled to join the B. Riley Securities team and look forward to expanding its product offerings and robust investment banking platform," said Philipps.  "I believe there are meaningful opportunities, especially in the current economic climate, for companies, creditors and sponsors to maximize value through capital structure optimization."

Philipps is a leading capital advisory and restructuring professional with nearly 15 years supporting and executing complex transactions, including in- and out-of-court restructurings, debt amendments, debt and equity capital raises, and 363 auctions. Prior to joining B. Riley, Philipps served as a Managing Director at Guggenheim Partners for the past five years. While at Guggenheim, Phillipps served as lead banker on the recent restructuring of Robertshaw, a major precedent setting case for sponsor-backed liability management transactions in the Southern District of Texas. He previously worked in the Special Situations practice at KLS Diversified Asset Management and the Restructuring practices of Millstein & Co. and Rothschild.

Philipps holds an MBA from the Tepper School of Business of Carnegie Mellon University and a BA in Economics from the University of California, Santa Cruz.

For more information about B. Riley Securities, visit www.brileysecurities.com.

About B. Riley Securities
B. Riley has served as a preeminent fixture in small and middle market brokerage and investment banking for over 25 years. We provide a full suite of investment banking and capital markets services to companies, financial sponsors, and institutional investors across all industry verticals. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, corporate restructuring and recapitalization. Widely recognized for our thematic proprietary equity research, clients benefit from B. Riley's extensive network, industry expertise, and proven execution capabilities of our end-to-end financial services platform. Please see disclosures about B. Riley Securities Research here. B. Riley Securities is a subsidiary of B. Riley Financial (Nasdaq: RILY).

About B. Riley Financial
B. Riley Financial is a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. B. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its affiliated subsidiaries, B. Riley provides end-to-end financial services across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services. B. Riley opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies. B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com.

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Cision View original content:https://www.prnewswire.com/news-releases/b-riley-securities-advances-capital-structure-advisory-efforts-with-new-senior-hire-302255074.html

SOURCE B. Riley Financial, Inc.

FAQ

Who is the new senior hire at B. Riley Securities (RILY)?

Brendon Philipps has been hired as Managing Director to lead B. Riley Securities' Capital Structure Advisory and Liability Management efforts.

What is Brendon Philipps' previous work experience before joining B. Riley Securities (RILY)?

Brendon Philipps previously served as a Managing Director at Guggenheim Partners for five years, and has also worked at KLS Diversified Asset Management, Millstein & Co., and Rothschild.

What specific expertise does Brendon Philipps bring to B. Riley Securities (RILY)?

Brendon Philipps brings nearly 15 years of experience in complex transactions, including in- and out-of-court restructurings, debt amendments, debt and equity capital raises, and 363 auctions.

How does B. Riley Securities (RILY) expect to benefit from Brendon Philipps' appointment?

B. Riley Securities expects to expand its product offerings and robust investment banking platform, particularly in capital structure optimization and navigating the complex capital environment.

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