NEW YORK--(BUSINESS WIRE)--The PrinceRidge Group LLC, the institutional client-oriented broker-dealer founded by John Costas (Chairman) and Michael Hutchins (CEO), has named Michael McGovern as Head of Debt Capital Markets, reporting to the Head of Investment Banking, John McNicholas, and the COO of Corporate Credit, Scott Vandersnow. Mr. McGovern will be a valued addition to PrinceRidge, specifically helping expand its banking and placement efforts.
“We are delighted to have Mike join PrinceRidge,” said McNicholas. “Mike has vast experience across the spectrum of debt products. He will lead our efforts to bring customized debt financing solutions to our middle-market issuer clients.” Vandersnow adds, “Our sales and trading business looks forward to working with Mike to assist his origination efforts by leveraging PrinceRidge’s extensive distribution capabilities.”
Mr. McGovern will add over 25 years of investment banking and debt capital markets experience to the PrinceRidge team. Most recently, Mr. McGovern co-founded Regian Capital Advisors, an investment banking advisory boutique. He previously served as the Head of US Leveraged and Acquisition Finance for HSBC. Prior to joining HSBC, Mr. McGovern was a Managing Director at JP Morgan Chase for 18 years, holding a variety of leadership positions including Head of Origination for Global Syndicated Finance, and Head of Corporate Finance for Consumer and Healthcare Investment Banking. Mr. McGovern earned his B.S. in Finance and Economics at Manhattan College, and his Masters in Business Administration at Columbia University Graduate School of Business.
About The PrinceRidge Group LLC
PrinceRidge is a financial services firm built upon extensive industry experience, professionalism and integrity. The firm is client-oriented and fixed-income focused. PrinceRidge offers a variety of financial services to their institutional customer base including sales and trading in corporate credit and structured products and investment banking services such as new issue placements, underwritings and M&A advisory. PrinceRidge is committed to employing the highest quality professionals with significant industry experience, deep product knowledge, integrity and entrepreneurial spirit. For more information about The PrinceRidge Group LLC please visit www.princeridge.com.