NEW YORK, June 20, 2017 /PRNewswire/ -- WL Ross &
Co. LLC (WLR), the distressed private equity arm of Invesco,
announced today that Hal Malone has joined the firm to head
its Shipping & Transportation practice. He will be
responsible for leading all of the firm's investing activities in
transportation, a principal component of WLR's distressed private
equity business.
Greg Stoeckle, senior managing
director and co-head of WLR, commented, "Hal's financial and
operational background is representative of what we are looking for
in the next generation of the firm's leadership. He brings a
fresh perspective to the transportation sector, and his proven
ability to execute will enable us to further evolve the business
and strengthen our ability to provide meaningful outcomes for
clients."
Mr. Malone joins WLR from the
Navig8 Group, a fully integrated provider of shipping
management services and the world's largest independent pool and
commercial management company, where he served as chief strategic
officer. Prior to Navig8, he spent over 18 years in
investment banking, most recently as a managing director in the
maritime group at Jefferies LLC. During Mr. Malone's career, he has served as the lead
advisor in a number of high profile maritime transactions,
including the initial public offering of Navigator Holdings (the
parent company of Navigator Gas), the merger of Navig8
Crude Tankers with General Maritime to create Gener8 Maritime and
the recapitalization of Overseas Shipholding through chapter 11 on
behalf of the ad hoc equityholders committee.
Mr. Malone earned a B.S. in
economics from the Wharton School of Business at the University of Pennsylvania.
About WL Ross & Co. LLC
WL Ross & Co. LLC was founded in 2000 by professionals
previously from Rothschild, Inc., who were among the leaders in
advising various constituencies in bankruptcies and workouts around
the world, assisting in restructuring more than $200 billion of liabilities. The firm
has sponsored and managed private equity investments in a number of
sectors including financial services, steel, energy, textiles,
shipping, automotive components and other industries. WL Ross &
Co. LLC is an indirect, wholly owned subsidiary of Invesco Ltd.
About Invesco
Invesco is an independent investment management firm dedicated
to delivering an investment experience that helps people get more
out of life. NYSE: IVZ; www.invesco.com
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SOURCE WL Ross & Co. LLC