Peter J. Solomon, a 20 year-old independent investment banking advisory firm, has announced that Frederick Frank and Mary C.
Peter J. Solomon, a 20 year-old independent investment banking advisory firm, has announced that Frederick Frank and Mary C. Tanner have joined the firm as vice chairman and managing director, respectively.
They will launch and head PJSC’s global pharmaceutical and life sciences practice.
Frank (pictured) was most recently vice chairman of Barclays Capital. He began his career at Smith Barney in 1958, where he attained the position of vice president and director. Subsequently, he joined Lehman Brothers in 1969 as a partner. With Tanner, Frank built the first dedicated, global healthcare franchise at Lehman Brothers in the 1970s and 1980s.
Frank is chairman of the board of Epix Pharmaceuticals and a director of Landec Corporation, the Institute for Systems Biology, PDL Biosciences, and Pharmaceutical Product Development. In addition, he is chairman of the National Genetics Foundation and a member of the advisory boards of the Yale School of Organization and Management, the Harvard School of Public Health, and the Massachusetts Institute of Technology Center for Biomedical Innovation.
Prior to joining PJSC, Tanner headed Life Sciences Partners, a company she founded to specialise in healthcare investment and strategic advisory work. Previously, she served as senior managing director at both Lehman Brothers and Bear Stearns. Tanner has devoted more than 25 years to the global healthcare industry. She is a director of Evotec, Synvista Therapeutics, and Acute Pain Therapy, and is a member of the Dean’s Council of the Yale School of Medicine.
Peter J. Solomon, PJSC founder and chairman, says: ‘I am thrilled we are able to bring together Fred and Mary to broaden our presence in healthcare. They have been friends of mine for years, as well as valued former colleagues, and they have enormous expertise and extensive global experience in high-profile mergers and acquisitions, licensing and partnering for companies of all sizes.’
PJSC has a global reputation in multiple sectors, including media and communications, retail, distribution and consumer products. Further, in healthcare information technology and distribution, the firm has provided advisory services in multiple transactions with companies including McKesson and Walgreen.
As part of its expansion into new franchises, last month PJSC also announced the addition of two senior bankers, Richard S. Brail and Frederic M. Seegal, to run the firm’s media and communications practice. Overall, PJSC has successfully completed more than 400 strategic and financial advisory assignments.
