Daily News: February 12, 2013

McCray, Cummings Join Salus Capital Partners

Salus Capital Partners announced it recently hired Jonas McCray as SVP, Underwriting, Loan Closing and Internal Compliance and Nick Cummings as assistant VP, Underwriting, Special Opportunities.

McCray will be responsible for managing underwriting and due diligence, evaluating investment risk, ensuring sound business structure and managing overall transaction execution. He also serves as the internal compliance officer for Salus.

Prior to joining Salus, McCray was an attorney at Proskauer Rose, focusing primarily on debt finance, credit facilities and related transactions.

Cummings is responsible for evaluating and mitigating risks associated with new and existing loans to borrowers in the process of a turnaround, restructuring or in bankruptcy. Prior to Salus, he was an assistant vice president in the Global Restructuring Group of RBS Citizens.

“Both Jonas and Nick are ‘game changers’ for Salus Capital and both are significant additions and complement our team well,” Andrew H. Moser, President of Salus Capital, said. “Together we will continue to execute at the highest levels and strive to meet the needs of our borrowers in a swift and ever-changing economic environment.”