Associated Capital Group Names Kenneth Masiello Chief Accounting Officer
March 18 2019 - 09:00AM
Business Wire
Associated Capital Group (NYSE:AC) announced today that Kenneth
D. Masiello, CPA, has been named the Chief Accounting Officer of
Associated Capital Group.
Mr. Masiello was formerly at GE Capital for 18 years, most
recently as Controller with GE Equity, where he had financial
regulatory reporting responsibilities for the alternative asset
portfolio. As a controller within GE Capital, Ken held a series of
positions within its divisions responsible for preparing business
segment reporting. He initially joined GE Capital at its
headquarters to focus on the windup of Kidder Peabody. Prior to GE
Capital, Ken was with AIG Global Investment Group as a FinOp for
its investment advisory business that managed the Latin American
and Asia Infrastructure funds. He began his career in public
accounting with the broker dealer practice at Oppenheim Appel Dixon
and subsequently joined Ernst & Young in its financial services
practice. Mr. Masiello received his undergraduate degree in
Accounting from Siena College.
Doug Jamieson, President of Associated Capital, said, “We are
fortunate to have Ken Masiello’s extensive experience in financial
reporting, tax compliance, acquisitions and divestitures to head up
our accounting team at Associated Capital. We look forward to his
contributions as we continue to execute on our growth plans for the
company.”
About Associated Capital Group, Inc.
The Company has been publicly traded since November 30, 2015
following its spin-off from GAMCO Investors, Inc.
The Company operates its investment management business via
Gabelli & Company Investment Advisers, Inc. (“GCIA” f/k/a
Gabelli Securities, Inc.), its 100% owned subsidiary. GCIA and its
wholly-owned subsidiary, Gabelli & Partners, collectively
serve as general partners or investment managers to investment
funds including limited partnerships, offshore companies and
separate accounts. The Company primarily manages assets in equity
event-driven strategies, across a range of risk and event arbitrage
portfolios and earns management and incentive fees from its
advisory activities. GCIA is registered with the Securities and
Exchange Commission as an investment advisor under the Investment
Advisers Act of 1940, as amended.
The Company operates its institutional research services
business through G.research, an indirect wholly-owned subsidiary of
the Company. G.research is a broker-dealer registered under the
Securities Exchange Act of 1934, as amended, that provides
institutional research services and acts as an underwriter.
The Company also derives investment income/(loss) from
proprietary trading of assets awaiting deployment in its operating
businesses.
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version on businesswire.com: https://www.businesswire.com/news/home/20190318005147/en/
Douglas R. JamiesonPresident & CEO(203)
629-2726Associated-Capital-Group.com
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