Financo Names West Coast Chief

Philippe Faraut has joined Financo Inc. as a managing director and head of West Coast operations. He previously was a director with the Sage Group. Before that, he led consumer retail I-banking for HSBC Securities USA.

PRESS RELEASE
Financo, Inc., a leading investment banking firm that specializes in advisory services to retailers and merchandising companies, today announced that it has named Philippe Faraut as a Managing Director and Head of its West Coast operations. Mr. Faraut will serve as a member of Financo’s Operating Committee and will report directly to Chairman and Chief Executive Officer Gilbert W. Harrison and President and Chief Operating Officer William S. Susman.

Mr. Faraut brings extensive investment banking expertise in the consumer retail space, having advised a wide range of companies on divestitures and acquisitions including Kraft, Schneider Electric and Jimmy Choo Ltd. Mr. Faraut joins Financo from the Sage Group-Los Angeles, where he served as Director, responsible for the origination of transactions in the apparel, retail and consumer industries. Prior to that, Mr. Faraut was Director of Global Investment Banking at HSBC Securities USA Inc., where he led the firm’s Consumer Retail team. He additionally spent six years as Vice President of Global Industries and Retail Groups at Merrill Lynch & Co. In his new role, Mr. Faraut will be responsible for the origination and execution of Financo’s West Coast office transactions.

Gilbert W. Harrison commented, “We have known Philippe for several years, and he worked with Bill Susman in the past. Philippe brings a first class addition to Financo and already knows many of the leaders in California retail, apparel, footwear and other merchandising and consumer goods companies. He has also worked with many of the California private equity firms. As a result, he brings the expertise and knowledge to continue to build our firm on the West Coast.”

Philippe Faraut said, “I am excited to join Financo, as I have known and respected the firm for many years. I look forward to contributing to its growth, as I see significant potential on the West Coast.”

Mr. Faraut holds a Master of Business Administration degree from the Anderson School at UCLA and a Hospitality Management degree from the Centre International De Glion in Montreaux, Switzerland. He currently resides in Pacific Palisades, CA.

About Financo, Inc.

Based in New York, Financo provides a comprehensive range of advisory services, including traditional investment banking, on a global basis. The independent firm specializes in the retail and merchandising sectors, serving retailers across all formats, apparel and accessory manufacturers, fashion houses and related manufacturers and distributors of consumer-related products. Headquartered in New York City, Financo has offices in London and Los Angeles. For additional information, please visit the company’s web site at www.financo.com.