American Capital elects David G Richards to board of directors

American Capital has elected David G Richards to the firm’s board of directors, effective immediately.  He will become a member of the Board's Executive Committee and its Au

American Capital has elected David G Richards to the firm’s board of directors, effective immediately.  He will become a member of the Board's Executive Committee and its Audit, Compliance and Valuation Committee.
 
"We are very pleased to welcome Dave Richards to the American Capital board and look forward to his perspectives," says Malon Wilkus, American Capital Chairman and Chief Executive Officer.  "His deep knowledge of investment and fund management companies and his extensive experience investing in the financial services sector sets the stage for him to make important contributions to the company."
 
Until earlier this month, Richards, 43, was a Portfolio Manager with Pine River Capital Management, a global alternative asset management firm, where he focused on investments in the financial sector.  Prior to joining Pine River in 2011, he was an analyst with Goldentree Asset Management.  Earlier in his career, Richards held analyst positions with Citadel Investment Group, Raymond James & Associates and SunTrust Bank.  Richards received an MBA from Emory University and a BS in Biology from Providence College.
 
"I am very pleased to have the opportunity to become a part of American Capital," says Richards.  "As a leading alternative asset manager with a diverse set of funds under management, American Capital has a bright future.  I look forward to being a member of the Board as it works to promote the interests of the company's shareholders and create shareholder value."