NEW YORK, N.Y., August 18, 2009 – SecondMarket, the largest marketplace for illiquid assets, announced today that CEO Barry Silbert has been named by Treasury & Risk magazine as one of 2009’s 100 Most Influential People in Finance.
“We are truly pleased to receive this honor and to be recognized among the leaders in the financial community,” said Silbert, who was recognized in the “Change Agents” category. “This recognition is further evidence of our success in providing transparency and centralization to the trading of illiquid assets, which is critical in today’s difficult economic climate.”
SecondMarket, through its trading platform, proprietary matching algorithm and deep network of contacts, has established itself as the trusted, independent marketplace for investors across a variety of illiquid asset classes, including private company securities, limited partnership interests, auction-rate securities, bankruptcy claims, collateralized debt obligations, residential and commercial mortgage-backed securities, warrants/restricted stock in small capitalization companies and whole loans. Its trading network of more than 3,000 market participants collectively manages over $1 trillion in assets available for investment.
The 100 honorees profiled by Treasury & Risk include some of the most prominent names in public service (President Obama, Treasury Secretary Timothy Geithner, FDIC Chairman Sheila Bair) and the private sector (Warren Buffett, Jamie Dimon, Larry Ellison), as well as corporate CFOs, treasurers and controllers, bankers, dealmakers and politicians. In addition to Silbert, listed as “Change Agents” are Edward Liddy (Chairman and CEO, AIG), Meredith Whitney (Founder, Meredith Whitney Advisory Group) and Jeffrey Sprecher (Chairman and CEO, IntercontinentalExchange).
“Singling out the 100 most influential people in finance each year is usually a daunting task for Treasury & Risk; even more so in this year of unprecedented economic events,” said Treasury & Risk’s Editor-in-Chief Donna Miskin. “The editors speak to a raft of industry thought leaders, including executives, bankers, economists and consultants, to come up with the final list.”
Treasury & Risk, published monthly since 1991, covers what its 45,000 subscribers, who are senior financial executives, need to know about new developments, emerging trends, best practices and technology in treasury and risk management as they take on greater leadership roles at U.S. corporations in the wake of the financial crisis.
To view the full list, please visit: http://www.treasuryandrisk.com/Issues/2009/June%202009/Pages/100MostInfluentialPeopleinFinance.aspx
About SecondMarket
Founded in 2004, New York-based SecondMarket is the largest marketplace for illiquid assets, such as private company securities, limited partnership interests, auction-rate securities, bankruptcy claims, collateralized debt obligations, residential and commercial mortgage-backed securities, warrants/restricted stock and whole loans. SecondMarket, which has conducted more than $1 billion in transactions since the launch of the company, has more than 3,000 participants, including global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors that collectively manage over $1 trillion in assets available for investment. For more information, visit www.SecondMarket.com.
