Wolfert To Advise Aquiline

Rick Wolfert has joined Aquiline Capital Partners as a senior advisor. He most recently served as vice chairman of commercial finance with CIT Group

PRESS RELEASE
Aquiline Capital Partners LLC (“Aquiline”), a New York based private equity firm investing in financial services, today announced that Frederick E. “Rick” Wolfert has joined the firm as a Senior Advisor. Mr. Wolfert, who has over 28 years of experience in global commercial finance and banking, most recently serving as Vice Chairman, Commercial Finance of CIT Group, will be assisting Aquiline in evaluating opportunities in the commercial and specialty finance sectors.

 

“Rick is a proven business leader in the commercial finance industry,” said Jeffrey Greenberg, the Managing Principal of Aquiline. “As we look to expand our investments in financial services, we believe now is an opportune time to be evaluating investment opportunities in this dynamic and underserved sector. We are privileged to have an executive of Rick's caliber assisting us and we welcome him to Aquiline.”

 

“I am very excited to join Aquiline Capital Partners to develop an ambitious strategic plan to take advantage of attractive opportunities emerging in the commercial and specialty finance sectors,” said Mr. Wolfert. “The firm has quickly built a reputation for making smart, well-timed investments that will yield strong returns for its investors. I am delighted to be joining this talented and experienced team.”

 

Mr. Wolfert joined CIT as Vice Chairman in 2004 to head the company's commercial finance business. During his three years with the company, he successfully led a major transformation and strategic redesign of the business. Prior to joining CIT, Mr. Wolfert was President and Chief Executive Officer of GE Healthcare Financial Services, Inc. and President, Chief Operating Officer and a member of the Board of Directors of Heller Financial Services.

 

About Aquiline Capital Partners

Aquiline is a private equity firm based in New York investing in financial services sectors such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing. Aquiline seeks to add value to its portfolio companies through strategic, operational and financial guidance.

Aquiline Capital Partners LLC