Executive Change: Maurice H. Hartigan II to Garnet as Chief Strategy Officer

Harrison, New York-based loan-sale advisory firm Garnet Capital Advisors, LLC announced that senior banking-industry executive Maurice H. Hartigan II has joined the firm as Limited Partner and Director of Strategic Development. Mr. Hartigan will manage Garnet’s strategic planning process and support the firm’s senior-level client relationships.

Mr. Hartigan joins Garnet following 43 years in the financial services industry, most recently as CEO of The Risk Management Association, the financial-services industry’s most prominent association of risk professionals.  During his tenure at RMA, Hartigan led the Association to a period of dramatic growth in membership, revenues and profitability. He retired from RMA in July of 2007.  Previously, he held senior positions in both client and risk management at PNC Financial Services and at Chemical Bank (now JPMorgan Chase), where he was Head of Wholesale Client Management, Head of International Banking and Chair of the Credit Risk Policy Committee.

“We are thrilled to have a banking-industry executive of Maury’s standing joining Garnet,” said Lou DiPalma, a Managing Partner and Head of Sales at Garnet.  “Maury’s amazing success growing RMA from both the operational and profit perspectives is an ideal template for guiding Garnet through our current period of heavy growth and institutionalizing our substantial intellectual assets.” 

Garnet Managing Partner Sean McVity also noted the critical role Hartigan will play in maximizing the client impact of Garnet’s loan-sale advisory business, adding, “We have always been dedicated to a priority of providing clients with objective and meaningful advice, in addition to our transaction-execution strength.   Maury’s tremendous depth of experience in banking and credit policy will be an invaluable asset in helping Garnet to better assess and anticipate the institutional needs of our creditor clients.”

Garnet Capital Advisors, LLC is a New York-based financial-services firm specializing in managing loan-portfolio sales for banks and other credit grantors.  In addition, Garnet Capital also provides capital-raising and M&A advisory services to growth-oriented and emerging-market-sector companies, both domestically and internationally. Garnet is active in Latin America through its Garnet Las Américas division, based in San Juan, Puerto Rico, and in Eastern Europe through its Warsaw, Poland-based subsidiary Garnet Polska, sp. z o.o. Garnet Capital has 17 professionals and offices in New York, Chicago, Atlanta, Pittsburgh, San Juan and Warsaw, Poland.  Bear Stearns Merchant Banking and Fortress Investment Group are investors in Garnet Capital.