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Age 39, Hugh is the Chief Operating Officer of Gramercy Capital, which is a leading specialty finance company focused on the origination of mortgage loans and mezzanine financings secured by commercial real estate. He joined SL Green Realty Corp. in February 2004 to formulate the business plan of Gramercy Capital and launch its initial public offering, which closed in August 2004.
From the start, Gramercy Capital has competed successfully with Wall Street and commercial banks and in the development of CDO financing for bridge lending. By combining a relative value lending approach and flexible financing, the Company was able to grow rapidly and outperform its competitive set. The Company has continued to demonstrate its leadership by branching out into new financial products and developing an integrated origination, financing and asset management platform. The Company's success has been affirmed recently through its second CDO issuance with market-leading subordination levels.
Before joining SL Green'Gramercy Capital in 2004, Hugh spent almost two years at RBS Greenwich Capital as a managing director responsible for the structuring, pricing and distribution of mezzanine debt, preferred equity investments and other high yield structured debt interests. For over six years before that as a director at Credit Suisse First Boston, he established and ran the high yield private placement group and closed over $2 billion of such investments as both principal and agent. While at CSFB he developed many of the norms now employed in the single asset high yield finance business. | 