RYE, N.Y.--(BUSINESS WIRE)--Mar. 18, 2019--
Associated Capital Group (NYSE:AC) announced today that Kenneth D.
Masiello, CPA, has been named the Chief Accounting Officer of Associated
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
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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Source: Associated Capital Group, Inc.
Douglas R. Jamieson
President & CEO