Boston, Massachusetts, April 14, 2005 - NewStar Financial, Inc., a Boston-based finance company announced the hiring of three senior banking professionals with extensive experience to expand the Company's growing presence across the country. NewStar's newest professionals are:
"With the addition of Bob, Pat and Greg, our creative and flexible team becomes even stronger," said NewStar Chief Executive Officer Tim Conway. "One of our key competitive advantages is the expertise and experience of our bankers. These latest additions will add to that advantage for the benefit of our clients."
These bankers will report to David Dobies and Tim Shoyer, Co-Heads of NewStar's Middle Market Group. NewStar now has more than 50 professionals directly sourcing financing opportunities in the corporate middle market, commercial real estate, and structured products sectors based on geographic location and industry specialty (Media, Manufacturing, Business Services, Healthcare, Retail, Consumer Products, Energy and Transportation).
About NewStar Financial, Inc.:
NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products. For more information, please contact the appropriate individual below.
Gaffney Bennett Public Relations