AST Phoenix Advisors continued its growth efforts last week with the high-profile hiring of former Georgeson senior managing director and general counsel Rachel Posner as senior vice president of business development.
Earlier this month, American Stock Transfer & Trust Company (AST) rebranded Phoenix Advisory Partners in a strategic move the company said is intended to create better consistency across the AST brand.
‘The rebranding is part of our strategy to convey our broader scope of services and enhanced capabilities as a business unit of AST and part of the Link Group network,’ said John Siemann, executive vice president of AST Phoenix Advisors. ‘People will recognize that our comprehensive suite of customized equity solutions is now available under one roof.’ AST Phoenix Advisors provides proxy solicitation, corporate governance, mergers and acquisition consulting, investor relations, information agent and shareholder activism services throughout the US and Canada.
In a statement, Mark C Healy, president and CEO of AST, said the rebranding ‘emphasizes AST’s commitment to providing a broad range of services to our clients, utilizing the resources of the global enterprise.’
Posner will oversee all business development for AST Phoenix Advisors and be responsible for the execution of all strategic initiatives at the firm. Prior to her position at Georgeson, she was an M&A associate at the prominent law firm Fried, Frank, Harris, Shriver & Jacobson in New York where she advised Fortune 50 companies on mergers and acquisitions, proxy contests and corporate governance matters.
Posner says she is excited to join the AST team that has an industry reputation for being collaborative, innovative and authoritative.
‘They understand the business better than anyone else in the market,’ said Posner about her new colleagues at AST Phoenix Advisors. ‘We are exploring ways to fully leverage our brand and incredible knowledge in the marketplace.’
Initially, Posner indicated that the company will look to maintain its existing service offerings and use ‘further due diligence’ to perhaps build new lines of business for the future.
‘We have the agility to implement business plans quickly and decisively with the commitment and support of the leadership of AST Phoenix Advisors and across the broader AST organization,’ she said.
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