Garnet Capital Opens Office in Warsaw, Poland

Garnet Capital Advisors, LLC today announced the opening of a new office in Warsaw, Poland to develop a loan-sale and investment banking practice in Poland and Central Europe.

In conjunction with this expansion, Garnet added a team of Polish nationals to its staff in both Warsaw and New York:

• Veteran Polish banker Barbara Sk³odowska, who comes to Garnet from Millennium Bank, will act as General Director of the Warsaw office;

• Polish marketing specialist Agata Obrebska will coordinate new-business development and marketing efforts from Garnet’s New York headquarters office.

“We are tremendously excited to tap into the great business opportunity in Poland and Central Europe,” said Garnet Managing Partner Sean McVity. “Garnet has a long history of developing new markets, and making it easier for credit-granting institutions to find liquidity for a wide variety of new products.

“Garnet has historically brought analytic discipline, strong disclosure standards and clear, sharp portfolio presentation which streamline the sale process and make value much clearer for sellers. With our 15 years of experience in selling all classes of corporate and retail loans, both performing and nonperforming, we believe we can play a role in the development of the Polish secondary loan markets and add significant value for financial institutions there".

Garnet Capital Advisors, LLC, headquartered in New York City, is a leading financial advisor in the debt-sales market, providing loan-sale advisory services to banks and other creditors, and capital-raising and M&A services to leading debt purchasers. Garnet has offices in New York, Warsaw and Tokyo. Bear, Stearns Merchant Banking and Drawbridge Special Opportunities Fund, L.P., a division of Fortress Investment Group, are minority investors in Garnet.

(Source: PressZoom.com)

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