Chicago, Il., USA - July 11, 2014, Chicago, Il., USA - OFS Capital Corporation, a business development company (BDC), announced that Bilal Rashid has been appointed as chairman of the board of directors and chief executive officer.
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Mr. Rashid has served on the Company’s Board of Directors since 2010 and has been a member of the Investment Committee of OFS Capital Management, LLC, the external advisor to OFS Capital (along with its affiliates, "OFS Management"), since 2010.
Mr. Rashid has been part of the leadership group of OFS Management since 2008 and has been actively involved in the investing and capital markets activities of the firm. He has more than 18 years of experience in credit, structured credit and debt capital markets.
Before joining OFS Management in 2008, He was a Managing Director in the Global Markets & Investment Banking Division at Merrill Lynch, and prior to that, he was a Vice President at Natixis Capital Markets from 2003 to 2005. He joined Natixis as part of a large team move from CIBC World Markets, where he was a Director from 1999 to 2003.
Prior to that, he worked as a financial analyst at Lehman Brothers and as an investment analyst in the project finance area at the International Finance Corporation, which is part of the World Bank.
Mr. Rashid has a B.S. in Electrical Engineering from Carnegie Mellon University and an M.B.A. from Columbia University. He replaces Glenn Pittson, who will remain on the Board of Directors of OFS Capital.
In addition, Jeffrey Cerny has been appointed as Chief Financial Officer and Treasurer.
Mr. Cerny has served as a member of the Investment Committee of the external advisor since 2010 and replaces Robert Palmer, who has resigned from his positions as Chief Financial Officer and Treasurer.
Mr. Cerny joined OFS Management in 1999 and has been part of its leadership group since 2000. He has been actively involved in the investing and corporate activities of the firm. Prior to that, Mr. Cerny held various positions at Sanwa Business Credit Corporation, American National Bank and Trust Company of Chicago and Charter Bank Group, a multi-bank holding company. ■