LEGACY BENEFITS HIRES DIRECTOR OF CAPITAL MARKETS
Hirshorn To Spearhead Capital Markets Activities
New York, NY, July 21, 2008 - Legacy Benefits, LLC announces the addition of Mark Hirshorn to head its Capital Markets efforts. Prior to joining Legacy, Mark spent two years as Director, US Securitization at Fortis Securities LLC in New York. He focused on client-based transactions and projects involving structured solutions in the global markets. Prior to joining Fortis, Mr. Hirshorn spent ten years at Bayerische Hypo- und Vereinsbank where he managed the bank’s US securitization efforts.
Hirshorn will lead the company’s capital markets initiatives, developing and marketing life settlement based products and structures while establishing relationships with an expanded group of institutional clients. Hirshorn said, “This is a unique opportunity to help an established and respected organization build out its funding platform and origination capacity. Leveraging my experience, and the skills developed over the past twenty years, I look forward to helping Legacy reach its full potential in the global markets.”
Meir Eliav, Legacy’s President & Founder, said, “I am very excited about Mark joining Legacy’s leadership team. He brings a unique skill set by bridging the gap between life settlements and capital markets. Mark will be responsible for managing our transaction structuring and development activities.”
Hirshorn graduated with a BS in Mathematics from Dickinson College and an MBA in Finance and Accounting from Cornell University.
About Legacy Benefits
A recognized leader in the life settlement industry, Legacy Benefits Corporation pioneered this burgeoning specialty finance field 16 years ago. Today, Legacy Benefits, LLC maintains the company’s reputation as an industry innovator. Since 1991, Legacy Benefits Corporation has specialized in the origination, servicing and management of life insurance assets for a broad range of institutional clients. Legacy Benefits utilizes an ever-evolving array of sophisticated analytical tools and upholds the highest ethical standards when evaluating and acquiring insurance policies for its institutional clientele. Legacy Benefits was founded by company president Meir Eliav, a 30-year financial services veteran, who was a founding member and past-president of the Life Insurance Settlement Association (LISA), the largest U.S. trade association in the industry.
In 2004, Legacy Benefits Corporation became the first provider to originate a portfolio of life settlement assets for a securitization transaction underwritten by Merrill Lynch and rated A1/Baa3 by Moody’s Investor Services.
