Black Diamond appoints MD and structured product portfolio manager

Black Diamond Capital Management has appointed Jerome Shapiro as a managing director and structured product portfolio manager. Shapiro joined the firm on June 1 at its Greenwich, Connecticut office and has responsibility for structured product investments across the Black Diamond platform.

PRESS RELEASE

Black Diamond Capital Management, L.L.C. (“Black Diamond”), a leading alternative asset management firm with over $8 billion in assets under management, today announced the appointment of Jerome Shapiro as a Managing Director and Structured Product Portfolio Manager.

Mr. Shapiro joined the firm on June 1 at its Greenwich, Connecticut office and has responsibility for structured product investments across the Black Diamond platform.

“Jerome’s hiring expands our structured product capabilities and reflects Black Diamond’s view that structured investment opportunities are an attractive asset class for generating returns for our clients,” said Stephen Deckoff, Managing Principal of Black Diamond. “Jerome is a seasoned professional and his expertise will enable us to continue to enhance our capabilities in this important area.”

“It’s a privilege to join the Black Diamond team,” said Mr. Shapiro. “I’m confident that we have the experience and ability to significantly enhance and grow our structured products portfolio.”

Mr. Shapiro was most recently a Senior Vice President at One William Street, an alternative investment firm, managing an asset-backed portfolio across multiple commercial and consumer sectors. He previously worked at Merrill Lynch & Co. in the Principal Investment Group, co-managing a whole loan portfolio. He also held positions in trading and structuring CMBS and other mortgage products at Bear, Stearns & Co. Mr. Shapiro holds a BS in Mathematics from Tufts University.

About Black Diamond

Black Diamond Capital Management, LLC, is a privately held alternative asset management firm. Black Diamond manages approximately $8 billion in assets across three complementary investment platforms: Control Distressed/Private Equity Funds, a Hedge Fund, and CLOs and other structured vehicles.

SOURCE Black Diamond Capital Management L.L.C.

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