New York State Superintendent of Banks to Join Wolfensohn & Company
(Wolfensohn & Company Press Release)
New York , February 14, 2007 - Wolfensohn & Company, L.L.C., a private investment firm and an advisor to corporations and governments, today announced that Diana L. Taylor, New York State Superintendent of Banks, will be joining the firm as a Managing Director effective March 15, 2007. Ms. Taylor will be actively involved in the firm’s consulting and advisory work as well as its private equity investment activities.
“I am extremely pleased that Diana has decided to join us,” said James Wolfensohn, Chairman of Wolfensohn & Company, L.L.C. “Diana’s experience in investment banking and her special knowledge of the banking, housing and energy sectors will be invaluable to the firm’s clients. In addition, I believe Diana’s broad expertise will be a great asset to us in our private equity investment activities.”
“I am honored to have been invited to join Wolfensohn & Company,” said Ms. Taylor. “I am really looking forward to working with Jim and the other members of his firm. He has put together a wonderful, talented team, and I am thrilled to be a part of it.”
As Superintendent of Banks for New York State, Ms. Taylor is the regulator for over 3,500 financial institutions with assets totaling over $1.5 trillion, including the New York State chartered banking institutions, and over 80% of the foreign banks that do business in the United States. In addition, the Department regulates the mortgage industry, and money service businesses, such as check cashers and money transmitters. Prior to her 2003 appointment as Superintendent of Banks by Governor Pataki, Ms. Taylor was the Governor’s Deputy Secretary for Finance and Housing. Ms. Taylor worked for several years in the energy business, first as Vice President of KeySpan Energy and then as Chief Financial Officer of the Long Island Power Authority. She started her career as an investment banker with Smith Barney, then with Lehman Brothers and Donaldson Lufkin & Jenrette. She was a founding partner of M. R. Beal & Co., a successful investment banking firm concentrating primarily in municipal bonds. She earned her AB at Dartmouth College, followed by her MBA and MPH at Columbia University.
About Wolfensohn & Company, L.L.C.
Founded by James D. Wolfensohn in 2005, Wolfensohn & Company, L.L.C. is a private investment firm and an advisor to corporations and governments. With offices in New York, Washington D.C., London, Moscow, and Singapore, Wolfensohn & Company provides strategic consulting advice to governments and large corporations doing business in emerging market economies. The firm also invests for its own account in private equity transactions. Prior to founding Wolfensohn & Company, Mr. Wolfensohn was President of the World Bank Group from 1995 to 2005. Before joining the World Bank, Mr. Wolfensohn was President and Chief Executive Officer of James D. Wolfensohn Inc., an investment firm that advised major international and U.S. corporations.