Harvey Tepner Joins WL Ross

Harvey Tepner has joined WL Ross & Co. as a principal. He previously was a partner with Compass Advisers, where he led the firm's restructuring practice.




WL Ross & Co. LLC is pleased to announce that Harvey L. Tepner has joined the firm as a Principal. Before joining WL Ross & Co., Mr. Tepner spent more than 20 years as an investment banker specializing in bankruptcies, corporate restructurings, and troubled company mergers and acquisitions. Mr. Tepner started his Wall Street career at Rothschild Inc. where he worked with Wilbur L. Ross, Jr., the Founder and Chairman of WL Ross & Co. He subsequently served as an officer in the corporate finance departments of Dillon Read & Co. and Loeb Partners, and most recently was a Partner at Compass Advisers, leading its restructuring practice.

“It is great to have Harvey as part of our team,” said Wilbur Ross. “He brings with him a wealth of knowledge and experience that we will utilize as we seek new investment opportunities, and I am particularly pleased to be working with him again.”

Mr. Tepner is a member of the International Insolvency Institute, a former director and member of the American Bankruptcy Institute, and a member of the Turnaround Management Association.

About WL Ross & Co.:
WL Ross & Co., a part of Invesco Ltd., since October 2006, invests in and restructures financially distressed companies with an objective toward creating new, world-class enterprises. Atlanta-based Invesco, which together with its subsidiaries and affiliates manages (as of December 31, 2007) more than $500 billion of assets, recently announced the closing of the $4 billion WL Ross Recovery Fund IV.