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Brian M. Barefoot Joins Carl Marks as Senior Advisor
April 2009
For Immediate Release
Media Contact: Cheryl Seredy, Falls Communications
(216) 472-2385 | cseredy@fallscommunications.com
April 16, 2009 (New York) – Brian M. Barefoot, a former senior executive with more than three decades of experience at PaineWebber Inc. and Merrill Lynch & Co., has joined Carl Marks & Co. LP, a longstanding and respected merchant bank. In his new position as senior advisor, Barefoot will identify new business opportunities for Carl Marks and provide strategic advice to current Carl Marks businesses.
Before joining Carl Marks, Barefoot served from 2001-2008 as president of Babson College, an internationally recognized management school located in Massachusetts. Upon his retirement from the institution, he was elected president emeritus. Under Barefoot’s leadership, Babson strengthened its innovative programs for undergraduate and MBA students, which helped earn the college the No. 1 ranking in entrepreneurship by U.S. News and World Report for 15 consecutive years.
A graduate of Babson College, Barefoot served as chairman of the board of trustees from 1996-2001. He joined the governing board of the college in 1985 and served in numerous capacities.
Prior to Babson, Barefoot served as president and CEO of NeoVision Hypersystems Inc., a leading provider of software solutions specializing in advanced visualization and decision support for the financial services industry. When he left the company to join Babson College, he remained with NeoVision as a nonexecutive chairman of the board.
Barefoot also served as executive vice president and director of Investment Banking at PaineWebber Inc. He was a member of its board of directors and served as president of its subsidiary, PaineWebber International. During his 25-year tenure at Merrill Lynch & Co., Barefoot held various senior management positions, retiring as senior vice president and managing director. Barefoot also founded Frontier Sports Development Corp. in 1992 and served as president and CEO until the company’s sale two years later.
“Brian’s reputation as a highly effective leader, as well as his extensive experience in financial services and business management, bring a great deal of value to Carl Marks,” said Mark L. Claster, president of Carl Marks & Co. “He is a great addition to our team and the continued success of Carl Marks.”
Currently, Barefoot is a director and member of the Audit Committee and chair of the Finance and Business Operations Committee of Blue Cross Blue Shield of Massachusetts. He serves on the board of trustees of St. Edwards School, a private independent school in Vero Beach, Fla., and has been elected to serve as upcoming vice chair. He has also served on the board of trustees of the Kent Place School in Summit, N.J., a leading private independent school for women. In 1998, he received the prestigious Ellis Island Medal of Honor from the Ellis Island Honor Society for his contributions to the business and educational communities.
Barefoot received his undergraduate degree from Babson College and earned an M.B.A. from Pace University’s Lubin School of Management. He also has attended a number of Harvard Executive Education Programs.
About Carl Marks
Carl Marks is among the country’s leading investment and advisory services firms. The company began as a dealer of foreign securities in 1925 and branched out to include a range of specialized services, including corporate revitalization, investment banking, distressed securities, private equity, real estate and asset management.
Carl Marks Securities LLC, based in New York, assists its clients in executing private placements of debt and equity. The firm is a member of FINRA and SIPC. Additional information about Carl Marks Advisory Group LLC and Carl Marks Securities LLC is available at www.carlmarks.com.
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