John Frishkopf, head of the asset management and treasury group at New Star Financial, is to retire from the company on 30 September 2016.
Frishkopf was a founding member of the firm and has served in his current role since NewStar’s inception in 2004.
He will remain involved with the company as an external advisor to provide decision support to the management committee and to advise the risk committee of the board of directors as needed on strategic funding matters.
Frishkopf will be succeeded as treasurer by Michael Eisenstein, a managing director in the treasury group. Eisenstein joined NewStar in 2005 and has served as assistant treasurer since 2011, playing key roles in all treasury management activities, including building the company’s market-leading securitisation platform. He has more than 16 years of treasury management and debt capital markets experience.
Prior to joining NewStar, Eisenstein worked at Bank of Tokyo Mitsubishi UFJ Capital Corporation (BTMU) in its investment banking group covering non-investment grade commercial finance companies in the transportation sector.
NewStar’s chief executive Tim Conway says: “John played a key role in building the company and establishing our securitisation platform as the centrepiece of our funding strategy. In fact, he was one of the pioneers of middle market loan securitisation, driving innovation and helping to broaden investor interest in the asset class as the market developed. Working with Mr Eisenstein, he also built a world-class treasury organisation with un-matched securitisation expertise and a strong operating platform. His asset-liability strategy, disciplined liquidity management and thought leadership also helped guide us through periods of unprecedented market turbulence. As a result, he leaves us better for it and we are grateful for his many significant contributions.”