Press Release
Principia Partners Appoints Daniel R. Smith as New Executive Vice President and CFO
Leading technology solution provider gears up to meet growth demands and business objectives
Jersey City, New Jersey – April 28, 2005 – Principia Partners LLC, a leading technology provider of comprehensive front-to-back office solutions for managing highly complex structured financial assets, liabilities and derivatives, today announced that it has appointed Daniel R. Smith as EVP and Chief Financial Officer to oversee Principia’s finances and administrative functions.
A key responsibility of the role will be to guide the company's growth through change management and value creation strategies, which include implementing enhanced strategic budgeting, planning and forecasting disciplines, as well as costing and accounting systems. Dan brings to Principia over 15 years experience working with publicly traded companies. In addition, Dan is a CPA, received his M.B.A. from New York University and his B.S. in Accounting from the Pennsylvania State University.
Prior to Principia, Dan was SVP of Finance and Administration at Viewpoint, a public digital marketing firm specializing in online shopping technology and services, where he led funding and cost reduction strategies in support of key organizational objectives. He also has six years of public auditing and consulting experience at Arthur Andersen and has served as Treasurer, CFO and COO at a variety of companies in the business-to-business and consumer sectors.
“We are delighted to have someone of Dan’s leadership and cross-organizational experience on board as we usher in an era of unprecedented growth in Principia’s history,” states Theresa Adams, CEO and President of Principia Partners. “We have set very ambitious long range objectives for our business and our product, and we are delighted to have Dan help manage the growth and changes we experience.”
About Principia Partners
Principia Partners is the leading software provider for the management and administration of structured finance and credit investment operations. Some of the largest investors in structured credit ABS, MBS and CDOs use Principia SFP as the operational backbone for their portfolios. It enables them to consistently manage, analyze and report on these investments and their associated liabilities and hedges. On a single platform, clients can perform the full range of portfolio management, cashflow and exposure analysis, compliance, risk reporting and accounting activities demanded by their business. Operational inefficiencies associated with using multiple spreadsheets and undedicated systems are reduced by integrating and streamlining these activities on a unified platform that addresses challenges unique to the management of structured finance operations.
Principia SFP’s powerful analytics and ability to interface with, combine and consistently apply deal, cashflow and performance data from the leading industry providers empowers managers to know and understand their investments. On an ongoing basis, users have the control to track, analyze and evaluate risk exposures at the deal, tranche or collateral level and gain a consolidated view of risk across any number of portfolios. The fully auditable operational environment provides the flexibility needed to adapt to changing management, regulatory and accounting mandates and ensure transparency is consistently delivered to investors at every stage of the portfolio lifecycle.
For 15 years, the platform has been used by global commercial banks, insurance companies and investment managers, as well as supporting off-balance sheet operations such as ABCP conduits.
Principia Partners is headquartered in New York, with a European office in the City of London and a technology center in Conshohocken, Pennsylvania.
For press information contact:
Ben Jarrold
Tel: + 44 (0) 20 7618 1370
Email: Jarrold@ppllc.com