B. Riley Financial promoted Dan Shribman to chief investment officer. He will be based in New York.

“I am pleased to announce Dan’s promotion as our Chief Investment Officer,” said Bryant Riley, chairman and co-CEO of B. Riley Financial. “Our continued growth provides us with a wider view of compelling ideas that benefit not only our clients, but also B. Riley. As the dynamic between active and passive continues to shift towards passive investing, our diversified platform provides us with unique insight and an ability to invest in and alongside our clients and partners, which in turn creates opportunities for us. Dan’s significant experience and track record, along with flexibility in our balance sheet, has allowed us to further capitalize on the proprietary opportunities our growing platform offers.”

As chief investment officer, Shribman will help identify value investments for B. Riley with a focus on maximizing the company’s capital allocation.

Shribman will also continue to serve as president of its B. Riley Principal Investments subsidiary, which acquired United Online and magicJack in July 2016 and November 2018, respectively.

Prior to joining B. Riley in 2018, Shribman served as a portfolio manager for a New York-based special situation asset manager. During his tenure, he led investments in dozens of public and private opportunities across the industrials, transportation, automotive, aerospace, gaming, hospitality and real estate industries. Shribman additionally has investment and operational experience spanning corporate turnarounds, capital markets financings, and communication and capital deployment initiatives.