Washington, DC (May. 26, 2005) –Promontory Asset Finance Company, LLC (PAFC) announced today that Gwinne Berexa will join the firm as a Managing Director, expanding PAFC's ability to meet the strong client interest in its innovative financing product. 

PAFC, based in Greenwich, Conn., is an independent financial services firm founded in 2003 by a team of seasoned bankers and securitization professionals. PAFC has developed new financial technology that enables PAFC to provide enhanced multi-year liquidity capacity to asset-backed issuers. PAFC’s clients include banks, and consumer and commercial finance companies, including those that originate and service credit cards, consumer and auto loans and residential mortgages.

“We are delighted to welcome Gwinne Berexa to our team. Her expertise and experience will enhance our ability to create innovative and uniquely flexible structured transactions for our clients,” said Duncan Hennes, Chief Executive Officer. “Gwinne will play an important role in both origination and in licensing our proprietary structure to other financial intermediaries.”

Before coming to Promontory, Ms. Berexa was a Principal at Banc of America Securities, LLC, in high-grade debt capital markets, responsible for commercial paper investor services and the origination of new highly structured asset-backed commercial paper conduits. 

Earlier, she was at Providian Financial as Vice President in charge of securitization and corporate development; and at West Deutsche Landesbank, she was Vice President in the portfolio management and securitization division, responsible for the firm's arbitrage vehicle, called Greyhawk Funding.

Ms. Berexa started her career as an Analyst and then Vice President at Charles Schwab, where her duties ranged from credit and research for Schwab Family of Funds to credit and risk management for Charles Schwab and Co., Inc. She also is a graduate of Prudential Corporation's PACE training program, covering enterprise planning, real estate and project finance.

PAFC is privately held. It was founded in July 2003 by Eugene Ludwig, Managing Partner of Promontory Financial Group, and other highly seasoned banking and finance professionals. These include Mr. Hennes, Jeff Bardos, Chief Operating Officer, John Costa, Executive Vice President, and Robert Novick, Managing Director.

Promontory Asset Finance Company, LLC, 660 Steamboat Road , Greenwich , CT , 06830
(203) 422-0460 www.pafc.com