Lehman

Dan Lehman Appointed Next CEO & President of HELP USA, Inc.

Retrieved on: 
Wednesday, October 11, 2023

HELP USA, the renowned national homeless service provider, announced today that Dan Lehman has been appointed the next CEO and President.

Key Points: 
  • HELP USA, the renowned national homeless service provider, announced today that Dan Lehman has been appointed the next CEO and President.
  • “After an extensive search, the Board of Trustees unanimously selected Dan from a list of very qualified candidates.
  • He is the best choice to lead us into the future,” said HELP USA Board Chair Anthony Williams.
  • He comes to HELP USA from New York City-based Primary Care Development Corporation, where he has been Executive Vice President and Chief Financial Officer since 2021.

AC Power Welcomes Christy Searl as Chief Revenue Officer

Retrieved on: 
Thursday, August 17, 2023

NEW YORK, Aug. 17, 2023 /PRNewswire/ -- AC Power LLC, a New York City-based brownfield solar redeveloper, is excited to announce the addition of Christy Searl as Chief Revenue Officer. This new role represents an investment in AC Power's executive leadership team, positioning the mission-driven firm for rapid, sustainable growth. With an impressive career spanning law, finance, business development and strategic planning, Christy brings a wealth of experience and strategic insight to AC Power.

Key Points: 
  • NEW YORK, Aug. 17, 2023 /PRNewswire/ -- AC Power LLC, a New York City-based brownfield solar redeveloper, is excited to announce the addition of Christy Searl as Chief Revenue Officer.
  • With an impressive career spanning law, finance, business development and strategic planning, Christy brings a wealth of experience and strategic insight to AC Power.
  • As Chief Revenue Officer, Christy will collaborate closely across senior leadership to execute the company's strategic plans through overseeing the business development, project sales and marketing teams to further build and grow the AC Power project portfolio.
  • "I am thrilled to join AC Power in this role of Chief Revenue Officer and to work with the management team to guide AC Power through this exciting chapter in its growth.

New Book Confronts Current, Inadequate Wildfire Management Practices

Retrieved on: 
Wednesday, July 12, 2023

WASHINGTON, July 12, 2023 /PRNewswire/ -- Running Out of Time: Wildfires and Our Imperiled Forests , a new book released this week by Amplify Publishing, aims to shed light on wildfire management practices and provides innovative solutions from the perspective of two management experts, authors David L. Auchterlonie and Jeffrey A. Lehman.

Key Points: 
  • WASHINGTON, July 12, 2023 /PRNewswire/ -- Running Out of Time: Wildfires and Our Imperiled Forests , a new book released this week by Amplify Publishing, aims to shed light on wildfire management practices and provides innovative solutions from the perspective of two management experts, authors David L. Auchterlonie and Jeffrey A. Lehman.
  • Of all the natural disasters humans face, wildfire is the only catastrophe that is controllable and, often, predictable.
  • Running Out of Time remains forward-looking and solutions-oriented by proposing an incentive-based novel public-private partnership to finance the work ahead.
  • "Based on exhaustive research, this book describes our broken systems of forest and wildland fire management and offers a variety of innovative and proactive solutions.

New era of smart irrigation will embrace AI and machine learning alongside human expertise, says industry pioneer Calsense

Retrieved on: 
Thursday, June 22, 2023

CARLSBAD, Calif., June 22, 2023 /PRNewswire/ -- The future of smart irrigation will soon see human expertise partnered with powerful artificial intelligence and machine learning to minimize water and labor waste and ensure our landscapes remain sustainably beautiful.

Key Points: 
  • That's the message from a newly unveiled roadmap from smart irrigation industry leader Calsense.
  • The Calsense announcement provides a multi-phase vision for its irrigation technology over the coming years.
  • "At Calsense, we have nearly 40 years of smart irrigation experience ," said Calsense Senior Product Manager Josh Lehman.
  • "This new vision for smart irrigation allies that unparalleled industry understanding with cutting edge technology to make the process of irrigation increasingly efficient and by extension, sustainable."

J.P. Morgan Asset Management Hires Interest Rates Expert Priya Misra

Retrieved on: 
Monday, June 5, 2023

NEW YORK, June 5, 2023 /PRNewswire/ -- J.P. Morgan Asset Management today announced that Priya Misra will join the firm as a managing director and portfolio manager on the Core Plus team in its Global Fixed Income, Currency & Commodities (GFICC) business.  Ms. Misra starts with the firm in August and will report to Kay Herr, Head of Research and incoming U.S. Chief Investment Officer for GFICC. 

Key Points: 
  • Ms. Misra joins J.P. Morgan from TD Securities, where most recently she was the Head of Global Rates Research.
  • "We are thrilled to bring Priya on board and add her significant rates markets expertise to our team of skilled investors," said Bob Michele, CIO and Head of Global Fixed Income, Currency & Commodities for J.P. Morgan Asset Management.
  • The average portfolio manager at J.P.  Morgan Asset Management has over 20 years of experience and the firm retains 96% of its top talent.
  • She has a postgraduate diploma in management, majoring in finance, from the Indian Institute of Management, Bangalore, India.

Einstein, Montefiore, and Lehman College Launch New M.S. Program in Biological Sciences

Retrieved on: 
Thursday, May 4, 2023

BRONX, N.Y., May 4, 2023 /PRNewswire/ -- Albert Einstein College of Medicine and Montefiore Health System have announced a collaboration with Lehman College of the City University of New York (CUNY) to launch the Einstein Discover Research Program .

Key Points: 
  • BRONX, N.Y., May 4, 2023 /PRNewswire/ -- Albert Einstein College of Medicine and Montefiore Health System have announced a collaboration with Lehman College of the City University of New York (CUNY) to launch the Einstein Discover Research Program .
  • The Discover Program immerses students in research, incorporating them into laboratory teams with National Institutes of Health-funded investigators, postgraduate fellows, Ph.D. students, and lab technicians.
  • CUNY Lehman College, a Bronx-based, minority-serving institution, currently offers a Master of Arts (M.A.)
  • Current and incoming students at Lehman College may apply to the program.

SCG Asset Management Announces the Appointment of Ian Merrill, Kevin Murphy and Todd Dilatush to Senior Executive Roles

Retrieved on: 
Tuesday, May 2, 2023

SCG Asset Management (“SCG”) today announced that Ian Merrill, Kevin Murphy and Todd Dilatush have joined the firm as President, Head of Trading, Product and Risk Management, and Head of Distribution, respectively.

Key Points: 
  • SCG Asset Management (“SCG”) today announced that Ian Merrill, Kevin Murphy and Todd Dilatush have joined the firm as President, Head of Trading, Product and Risk Management, and Head of Distribution, respectively.
  • "SCG is proud to welcome Ian, Kevin and Todd to our team, who together bring a wealth of experience spanning over 80 years.
  • Their deep understanding of structured derivatives, quantitative investment strategies, risk management and distribution will be a valuable asset to our organization," said Chief Executive Officer Gregory H. Sachs.
  • SCG is built on the founding principles of providing solid risk-adjusted returns, active risk and investment management and transparent investor relations.

Recent banking crises are rooted in a system that rewards excessive risk-taking -- as First Republic's failure shows

Retrieved on: 
Monday, May 1, 2023

First Republic is the latest victim of the panic that has roiled small and midsize banks since the failure of Silicon Valley Bank in March 2023.

Key Points: 
  • First Republic is the latest victim of the panic that has roiled small and midsize banks since the failure of Silicon Valley Bank in March 2023.
  • The collapse of SVB and now First Republic underscores how the impact of risky decisions at one bank can quickly spread into the broader financial system.
  • Banks provided incentives that encouraged executives to take big risks to boost profits, with few consequences if their bets turned bad.
  • One question we are grappling with now is what can be done to keep history from repeating itself and threatening the banking system, economy and jobs of everyday people.

S&L crisis sets the stage

    • The precursor to the banking crises of the 21st century was the savings and loan crisis of the 1980s.
    • The so-called S&L crisis, like the collapse of SVB, began in a rapidly changing interest rate environment.
    • Savings and loan banks, also known as thrifts, provided home loans at attractive interest rates.

Short-term incentives

    • Lenders passed mortgages made to people who could not afford them onto Wall Street firms, which in turn bundled those into securities to sell to investors.
    • It all came crashing down when the housing bubble burst, followed by a wave of foreclosures.
    • Incentives rewarded short-term performance, and executives responded by taking bigger risks for immediate gains.

A familiar ring

    • The interest rate risk was particularly acute for SVB, since a large share of depositors were startups, whose finances depend on investors’ access to cheap money.
    • When the Fed began raising interest rates last year, SVB was doubly exposed.
    • As startups’ fundraising slowed, they withdrew money, which required SVB to sell long-term holdings at a loss to cover the withdrawals.
    • Banks had over $620 billion in unrealized losses at the end of 2022, largely due to rapidly rising interest rates.

The big picture

    • We believe the bipartisan bill recently filed in Congress, the Failed Bank Executives Clawback, would be a good start.
    • In the event of a bank failure, the legislation would empower regulators to claw back compensation received by bank executives in the five-year period preceding the failure.
    • This article was updated on May 1, 2023, with details of the FDIC’s seizure of First Republic Bank and its sale to JPMorgan Chase.

University of North Florida and Humana Expand Meals on Wings Program to Address Food Insecurity Among Older Adults

Retrieved on: 
Wednesday, April 19, 2023

The Meals on Wings program addresses food and nutrition insecurity among older adults and provides a solution to the ongoing hunger problem.

Key Points: 
  • The Meals on Wings program addresses food and nutrition insecurity among older adults and provides a solution to the ongoing hunger problem.
  • View the full release here: https://www.businesswire.com/news/home/20230419005329/en/
    University of North Florida student volunteers and faculty prepare food for the Meals on Wings program, supported by Humana.
  • Meals on Wings uses student volunteers to recover food, prepare the meals and deliver them to homebound older adults.
  • Meals on Wings aims to address the nation’s hunger problem by getting food assistance to more older adults through program expansion.

EP Wealth Advisors® Expands in Pennsylvania with Acquisition of Lehman & DeRafelo Financial Resources, LLC

Retrieved on: 
Wednesday, April 5, 2023

EP Wealth Advisors, LLC (“EP Wealth”), a leading independent registered investment adviser (“RIA”) on a mission to provide clients with personalized service through integrated financial planning, investment management and tax and estate planning, has acquired Media, Pennsylvania-based Lehman & DeRafelo Financial Resources, LLC (“Lehman & DeRafelo”).

Key Points: 
  • EP Wealth Advisors, LLC (“EP Wealth”), a leading independent registered investment adviser (“RIA”) on a mission to provide clients with personalized service through integrated financial planning, investment management and tax and estate planning, has acquired Media, Pennsylvania-based Lehman & DeRafelo Financial Resources, LLC (“Lehman & DeRafelo”).
  • Lehman & DeRafelo provides multifaceted financial planning and investment management services with a focus on high-net-worth clients.
  • Firm principals Rich DeRafelo and Ron Lehman will each assume the role of Regional Director, while Jeff Lehman will become a Senior Wealth Advisor.
  • EP Wealth is proud to welcome them to our team.”
    “We’re excited about the additional resources and capabilities that our firm and clients will now enjoy thanks to joining EP Wealth,” added Lehman and DeRafelo.