WL Ross & Co.
In 2000, Ross bought out his equity fund and opened WL Ross & Co. in New York with $440 million in investor money and a staff that included four top managers who, along with Ross, make up the firm's investment committee: David H. Storper, who runs trading; David L. Wax, a longtime workout specialist; Stephen J. Toy, an Asia expert; and Pamela K. Wilson, a J.P. Morgan & Co. veteran. Companies in this group include American Home Mortgage Servicing, which seems to be attempting to return to profitability by modifying the loans of delinquent homeowners. The company recently added servicing of 185,000 loans from Citibank.
Read more about this topic: Wilbur Ross
Famous quotes containing the word ross:
“The New Yorker will be the magazine which is not edited for the old lady from Dubuque.”
—Harold W. Ross (1892–1951)