Vice President Management
Resume:
JEROME T. FADDEN
Wellington, FL 33414
(o) 212-***-**** (c) 203-***-****
********@*****.***
FINANCIAL SERVICE INDUSTRY EXECUTIVE
An innovative senior financial executive who has successfully led a diverse
range of companies through financial challenges, critical strategic
transactions and management transitions. An accomplished business leader
with hands-on experience in initial public offerings, public and private
debt and equity financings, start-ups, mergers, acquisitions and
divestitures. Skilled in leading expense reduction efforts and "right-
sizing" initiatives as well as financial and strategic planning and
analysis. Experiences include complex, multi-billion dollar, international
organizations, mid-cap companies, as well as small, entrepreneurial start-
ups. Well-versed in reviewing, building, and rectifying deficiencies in
operating, reporting, and risk management systems. Substantial experience
in addressing technical accounting issues, having been involved in numerous
annual and quarterly financial reports and SEC registration statements.
Particular expertise:
Problem Analysis & Solution Development Effective Team Builder
and Business Leader
Strategy Development and Execution Leadership Expense Management
Resolving Accounting & Regulatory Issues Capital Management and
Financing Alternatives
Research Analyst & Rating Agency Relationships Transaction
Evaluation, Structuring and Negotiations
Investment Oversight & Risk Management Management Reporting,
Financial Planning & Analysis
FADDEN & CO., LLC
2003- Present
Financial Consultant/Interim Executive Officer
Seasoned financial executive providing turnaround consulting and interim
management to a variety of firms dealing with financial distress,
regulatory issues, capital raising or management transitions. Affiliated
with boutique merchant banking firm, Tri-Artisan Capital Partners, as
Managing Director and Operating Executive.
. Chief Restructuring Officer, Derecktor Shipyards Conn., LLC, one of
the leading shipbuilding, repair and services businesses, specializing
in yachts, commercial, and military vessels. (2009-Present)
. Acting President and Chief Financial Officer of start-up insurance
company; achieved successful regulatory approval and development of
operating platform. Capital raising efforts terminated in early 2009
(2008-'09)
. Advisor to specialty finance company to address liquidity challenges,
covenant defaults, and deteriorating loan collateral credit quality.
(2008)
. Advisor to hedge fund in connection with their consideration of rescue
financing to distressed portfolio company; evaluated viability of
distressed insurance agency franchise business.
. Interim Chief Financial Officer for the largest US manufacturer of
aluminum and vinyl windows. (2005-2006)
. Chief Financial Officer of start-up reinsurance and alternative risk
company (Equus Re). (1989-1999)
PLATINUM UNDERWRITERS HOLDINGS, LTD
2002-2003
President and Chief Executive Officer
Chief Executive Officer leading the initial public offering of the
reinsurance division of St. Paul Companies.
. Led the company through the initial public offering process including
the development of stand-alone financial statements, a new business
plan, aggressive expense reductions, the formation of tax-efficient
corporate structure, receipt of regulatory approvals, and IPO investor
road show.
. Hired new executive management team, reduced headcount from 250 to
175, leased new office space and instituted new financial reporting
processes.
. The company raised over $1.0 billion in public offering of common
stock, private placement of equity securities and hybrid equity units
in the midst of turbulent financial markets.
PAINE WEBBER GROUP INC. / PAINE WEBBER INCORPORATED
1999-2002
Executive Vice President and Chief Financial Officer (1999-2001)
Executive Vice President, Director of Strategic Development, Office
of the President (2001-2002)
Senior financial executive of one of the largest publicly traded full
service securities firms in the U.S.
. Key participant in $620 million acquisition and integration of J.C
Bradford and Co.
. Key participant in financial team executing merger of PaineWebber
Group with UBS AG.
. Responsible for financial reporting for combined company including
broker dealer, investment banking, capital markets and Mitchell
Hutchins asset management businesses.
. Chaired monthly MBS and High Yield Bond inventory pricing review
committee with sales/trading personnel.
. Led RFP and implementation process for new enterprise wide reporting
system (Oracle).
. Led analysis of Paine Webber's private client strategy for Japan and
Australia after UBS acquisition.
NAC RE CORP.
1996-1998
Executive Vice President and Chief Financial Officer
Senior financial executive of publicly traded reinsurance company.
. Responsible for oversight of $1.9 billion investment portfolio,
including asset allocation recommendations to the Board and review of
independent investment managers' performance.
. Achieved ratings upgrades from major rating agencies, strong earnings
growth and 50% stock price increase.
. Led several strategic investments; a Lloyd's managing agency (Denham
syndicate), a fixed income investment manager (Prime Advisors) and an
international reinsurance broker (minority interest in Benfield
Greig).
TRAVELERS GROUP (and its predecessor Primerica Corp.)
1990-1996
Vice President and Treasurer (1994-1996)
Responsible for all treasury and capital markets activities for financial
services holding company and subsidiaries.
. Led finance/treasury team in numerous strategic transactions,
including $4.8 billion purchase of Aetna insurance operations, IPO of
Travelers/Aetna P/C unit and tax-free spinoff of Transport Life
business.
. Raised over $4.6 billion in 26 separate public debt financings for
Travelers Group and its subsidiaries.
. Responsible for firm wide asset-liability and interest rate exposure
analysis and oversight of corporate insurance purchases.
Chief Financial Officer - Gulf Insurance Group (1992-1994)
Senior financial officer of the property/casualty insurance operations of
Primerica Corp.
. Modernized accounting and financial processes and upgraded financial
controls.
. Led the company through its participation in the initial Primerica
investment in Travelers Insurance whereby a 50% stake in Gulf
Insurance, along with other consideration, was exchanged for a 27%
interest in Travelers.
. Key participant in ultimate acquisition of Travelers Insurance
Company, including due diligence investigation, transaction execution
and initial cost cutting initiatives.
Vice President - Head of Finance Group/Financial Planning & Analysis
(1990-1992)
Responsible for financial management and Board reporting for all business
units.
. Led annual firm-wide financial budget process and monthly review of
business unit operating performance.
. Responsible for management and disposition of non-strategic
investments; corporate assets, discontinued operations, excess real
estate, $300 million LDC debt portfolio, and 124 environmental
contamination sites.
LEHMAN BROTHERS INC. / E.F HUTTON LBO INC.
1985-1990
Vice President - Mergers and Acquisitions Department (1989-1990)
Vice President - Merchant Banking/Principal Investment Group (1986-
1989)
Associate - E.F. Hutton LBO, Inc. (1985-1986)
. Involved in wide range of financial advisory assignments including
hostile takeover defenses, acquisitions and divestitures across varied
industries.
. Responsible for the execution of leveraged buyout investments and
bridge loan transactions using firm capital.
Previous employment:
THE CHASE MANHATTAN BANK - Second Vice President - Domestic Financial
Institutions Dept. (1980-1983)
UNION BANK - Credit Trainee (1979-1980)
EDUCATION
HARVARD UNIVERSITY, Graduate School of Business Administration - MBA
1983-1985 STANFORD UNIVERSITY -- BA, Economics
1975-1979
COMMUNITY AFFILIATION
Member of the Board of Trustees of the Westminster School, Simsbury CT.
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