Great Elm Group Names Jason Reese To Succeed Peter Reed As CEO

RTTNews | 678 days ago
Stocktwits
Great Elm Group Names Jason Reese To Succeed Peter Reed As CEO

(RTTNews) - Alternative asset manager Great Elm Group, Inc. (GEG) announced Friday that Peter Reed has resigned as Chief Executive Officer effective immediately. The Board of Directors has unanimously appointed Jason Reese to the additional role of CEO effective upon Reed's resignation.

Reese assumes the CEO position as a financial services executive with over 30 years of experience founding and growing multiple financial services and real estate companies.

Reese served as the Executive Chairman of Great Elm's Board of Directors since February 2020 and will now serve as Chairman of the Board and CEO. Reese is the Co-Founder, Chairman and Chief Executive Officer of Imperial Capital Asset Management, LLC and the Co-Founder of Imperial Capital, LLC, both founded in 1997.

During his time at Imperial Capital, Reese formed Monomoy Properties REIT, LLC in 2014, focusing on the Industrial Outdoor Storage sector, and continues to serve on the Board of Directors. He is also a founding member of City Ventures, LLC, a California-based private home builder, and has served on the Board of Directors since its inception in 2009. Reese is the largest beneficial owner of Great Elm stock.

Tags: GEG
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UK Housing Demand Weakest Since 2023, Sales Fall: RICS

UK Housing Demand Weakest Since 2023, Sales Fall: RICS

Demand for residential property declined to the lowest since 2023 and agreed sales turned negative and house prices logged a subdued growth in February as the stamp duty deadline approaches, the Royal Institution of Chartered Surveyors, or RICS, said on Thursday. Buyer demand weakened in February with the balance falling to -14 percent from -1 percent in January. This was the weakest result since
RTTNews | 4h 9min ago
Yen Rises On BOJ Chief Ueda Remarks

Yen Rises On BOJ Chief Ueda Remarks

The Japanese yen strengthened against other major currencies in the European session on Thursday, as the Bank of Japan (BoJ) chief's remarks reinforced expectations of a rate hike.
RTTNews | 4h 20min ago
Asian Shares Decline On Tariff Concerns

Asian Shares Decline On Tariff Concerns

Asian stocks ended lower on Thursday despite softer U.S. inflation data bolstering the case for more Federal Reserve interest-rate cuts this year.
RTTNews | 4h 58min ago
Antipodean Currencies Fall Amid Global Trade War Concerns

Antipodean Currencies Fall Amid Global Trade War Concerns

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday, as concerns about the impact of the ongoing trade war continue to weigh on the markets.
RTTNews | 5h 16min ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the pre-European session on Thursday.
RTTNews | 5h 52min ago
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