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ABL

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Share Name Share Symbol Market Type
TSXV:ABL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce That E. Dennis McCluskey Has Joined Integrated Priv

09/03/2010 12:43pm

Marketwired Canada


Integrated Asset Management Corp ("IAM") (TSX:IAM) and John Robertson, President
and Chief Executive Officer of its wholly-owned subsidiary, Integrated Private
Debt Corp. ("IPD") are pleased to announce that on March 1, 2010 E. Dennis
McCluskey joined IPD as Chief Risk Officer.


Prior to joining IPD, Dennis was the founding President & CEO of CIT Business
Credit Canada, Inc. ("CITBCCI") an asset based lending ("ABL") joint venture
between Canadian Imperial Bank of Commerce ("CIBC") and Cit Group, Inc. During
his nine-year tenure on secondment from CIBC, CITBCCI grew from a true start-up
to what is presently considered the largest and best-in-class Canadian ABL
platform. As part of his role as President and CEO, Dennis was personally
involved in a number of high profile financings and restructurings. During his
previous 23 year career with CIBC, Dennis held senior head office management
positions in risk management, corporate finance and special loans.


As Chief Risk Officer, Dennis will be responsible for the integrity and
maintenance of IPD's investment grade loan portfolios. 


IPD manages and provides funding from an aggregate of $0.9 billion in Integrated
Private Debt Fund LPs on behalf of a number of pension funds and other
institutional investors. IPD offers fixed rate, investment grade term loans to
mid-market companies for such purposes as refinancing existing debt, plant
expansion or modernization, project financing and management buyouts.


IAM is Canada's leading alternative asset management company, with approximately
$2.1 billion in assets and committed capital under management in private debt,
private equity, managed futures, real estate and retail alternative investments.


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