Press Release
Mark Kahn Joins Principia as EVP Sales to Lead Global Business Development
Mark brings 20 years of sales and administrative experience in
structured finance
Jersey City, NJ – August 7, 2007 - Principia Partners, a leading
solution provider for the management and administration of structured finance
transactions, has appointed Mark Kahn as its EVP Sales. He will be directly
responsible for managing global business development and further strengthening
the sales pipeline in the rapidly growing structured finance market.
Mark Kahn joins Principia with a highly successful track record
in leading business development and managing client relationships in the
structured finance trust, administration and servicing businesses at JPMorgan
Chase Bank and Deutsche Bank. Most recently, Kahn managed Product and Client
Services for Systems and Services Technologies, Inc., a wholly owned subsidiary
of JPMorgan Chase and a part of its Worldwide Securities Services division.
He also held various executive positions, managing business development
for JPMorgan's CDO, Structured Investment Vehicle (SIV) and ABCP Conduit
administration business units.
Prior to joining JPMorgan, Kahn managed the ABCP and SIV Conduit
administration businesses at Bankers Trust Company, where he was responsible
for product development, operations, client management, administration and
sales. Before that, he was a Senior Consultant at Arthur Andersen & Co.
“We are delighted to add Mark to our leadership team,” states
Theresa Adams, President and CEO of Principia. “Mark brings the unique
combination of qualities required of this role: an impeccable sales track
record, proven
managerial success and hands-on, deep industry knowledge. With
more than 20 years experience in structured finance, Mark has intimate technological
and business process knowledge of Principia’s key target markets.
In addition, he will provide invaluable insight to Principia’s product
development and other supporting teams. As Principia continues
to develop leading solutions for operations such as ABCP conduits,
SIVs and credit
derivative product companies, Mark will be instrumental in guiding
the company to meet its aggressive expansion goals."
“Principia is well-recognized in the industry for its
innovative software supporting the administration and operations
of structured finance
vehicles," says Kahn. "The company is respected for its industry
knowledge and focus on building value: Getting businesses up and running
quickly and enabling programs to scale with the market demands. I am enthusiastic
about the company’s commitment to the market at this very exciting
stage of its growth, and I look forward to helping shape and execute
its sales strategy. ”
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