LOS ANGELES--(BUSINESS WIRE)--Saban Capital Group, Inc. (SCG), the private investment firm specializing in the media, entertainment and communications industries, today announced that Fred Gluckman has resigned as the company’s Executive Vice President and Chief Financial Officer effective as of June 1. Mr. Gluckman has been employed by SCG since 2003 and served as Senior Vice President and Chief Financial Officer from 2010 to 2016 and EVP and CFO since then.
“We are grateful for the significant accomplishments we have achieved as the result of the 15 years of dedicated service, partnership and leadership we have had with Fred,” said Adam Chesnoff, SCG’s President and COO. “He will be deeply missed by the entire Saban team, and we wish him all the best as he moves on to pursue new opportunities.”
“I am proud of our accomplishments during my tenure at SCG and confident in the team and its leadership as the company continues to grow and expand in the future,” said Fred Gluckman.
Mr. Gluckman is succeeded by Greg Ivancich, who has joined SCG as Chief Financial Officer. Mr. Ivancich joined SCG from Exeter Property Group, a Pennsylvania-based real estate private equity firm (“Exeter”), where he served as Principal and a founding partner of Exeter’s international business from April 2013 to March 2018 and held roles overseeing financial reporting, capital raising, operations and acquisitions in the US and Europe. Prior to Exeter, Mr. Ivancich spent his career as an investment banker to the real estate industry where he advised public and private companies on initial public offerings, mergers and acquisitions, and public capital markets transactions. Mr. Ivancich’s roles included Director of Real Estate Investment Banking at Barclays, Executive Director of Real Estate Investment Banking at Morgan Stanley, and COO/Director of Real Estate Investment Banking at Credit Suisse.
Mr. Invancich will be working closely with Mr. Gluckman during this transition.
About Saban Capital Group
Saban Capital Group ("SCG") is a leading private investment firm based in Los Angeles specializing in the media, entertainment, and communication industries. SCG was established by Haim Saban, co-founder of Fox Family Worldwide, a global television broadcasting, production, distribution and merchandising company owned in partnership with Rupert Murdoch and The News Corporation, following its sale to The Walt Disney Company in October 2001. The firm currently makes both controlling and minority investments in public and private companies and takes an active role in its portfolio companies. SCG's current private equity investments include: Univision (the premier Spanish-language media company in the US); Celestial Tiger Entertainment (a venture with Lionsgate and Astro, Malaysia’s largest pay TV platform, to launch and operate new branded pay television channels across Asia); MNC (Indonesia's largest and only vertically-integrated media company); and Partner Communications (a leading telecommunications company in Israel). Saban Brands LLC, an affiliate of SCG, was formed in 2010 to acquire, manage and license entertainment properties and consumer brands across media and consumer platforms globally, and currently holds the rights to Power Rangers and Paul Frank Industries in its portfolio, among many others. Additionally, SCG founded Saban Films in 2014 to acquire and distribute independent feature films in North America. With offices in Los Angeles and Singapore, SCG actively manages a globally diversified portfolio of investments across public equities, credit, alternative investments, and real property assets. For more information, please visit www.saban.com.