Bear’s CDO Head Joins Churchill Financial

David Heilbrunn has joined The Churchill Financial Group as senior managing director and head of corporate strategy and development. It is a new position. He previously was senior managing director and head of collateralized debt obligations for Bear Stearns.

PRESS RELEASE

The Churchill Financial Group, a leading commercial finance and asset management company, today announced that David A. Heilbrunn has joined the firm in the newly created position of Senior Managing Director, Head of Corporate Strategy & Development. He will also be a member of Churchill’s senior management team.

In his new position, Mr. Heilbrunn will be responsible for executing and coordinating M&A, joint venture and strategic alliances, launching new product offerings, managing existing and new banking and investor relationships and coordinating future capital raising activities.

Prior to joining Churchill, Mr. Heilbrunn was Senior Managing Director and CDO Group Head for Bear Stearns & Co’s. Structured Financial Products Group, where he managed a multitude of issuer and investor relationships (private equity firms, hedge funds, financial sponsors, etc.) and executed large-scale transactions. Before that, he spent 12 years with JPMorgan, leading various business units, most recently serving as Managing Director, Structured Credit Products, responsible for the bank’s North American CDO origination, structuring and execution activities.

“Churchill’s growth strategy is aggressive and David’s broad business development expertise and strong relationships and reputation within the global banking and securitization markets will further enhance our standing as a top-tier competitor in the middle market finance and leveraged loan asset management space,” said Ken Kencel, President and Chief Executive Officer for Churchill. “David is an experienced and highly regarded professional and a welcome addition to our leadership team. He will lead our efforts to accelerate our corporate growth strategy and broaden our relationships in the banking and investor community.”

“I am pleased to be a member of Churchill’s leadership team and ready to take on the challenges that come with this new position,” said Mr. Heilbrunn. “Churchill is a very dynamic group and I am excited about playing a meaningful role in the continued growth of this well capitalized, highly professional and diversified organization. I look forward to embracing the challenges associated with this newly created position and building upon the company’s success.”

About Churchill Financial Group

Churchill Financial Group, headquartered in New York, is a leading commercial finance and asset management company. Churchill has three complementary businesses: Churchill Financial, which focuses on providing senior lending to middle market companies; Churchill Capital, which provides subordinated debt financing to middle market companies; and Churchill Pacific, which manages portfolios of CDOs and other fixed income funds. Churchill Financial and Churchill Capital focus on lending to companies backed by leading private equity firms and other investors. Churchill has approximately $2 billion of committed capital to support its financing activities and over $3.5 billion in assets under management. Churchill has offices in New York, Minneapolis, Los Angeles, Chicago and Boston. For more information please visit our Web site at www.churchillnet.com.