Daily News: May 18, 2012

Cassel Salpeter Names Philip Cassel Associate

Cassel Salpeter, a Florida-based independent investment banking firm, hired Philip Cassel to its professional staff. Cassel will serve as an associate and will focus on M&A and restructuring assignments.

“Philip’s wide range of expertise is particularly useful at a firm like ours,” said James Cassel, the company’s chairman and co-founder. “His background is exactly what we need to help our clients handle complex transactions.”

Cassel, a graduate of Massachusetts Institute of Technology, previously held the positions of Associate at Rialto Capital Finance Group (a wholly owned subsidiary of public homebuilder Lennar Corporation) and analyst at Alvarez & Marsal. In addition to his work in restructuring and private equity, he has also assisted with cash flow modeling, budget planning, and court filings.

“I am looking forward to working with a growing investment banking firm in Miami, especially one that gives me an opportunity to work alongside my father,” Cassel added.

Cassel Salpeter is a middle-market investment bank focused on providing independent and objective advice to middle market and emerging growth companies. The firm is led by James Cassel and Scott Salpeter.