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Rodman & Renshaw Names Horin CFO



By AP
18 March 2008 @ 10:53 am EST

NEW YORK - Rodman & Renshaw Capital Group Inc. hired Jefferies & Co.'s David Jay Horin to be chief financial officer, the investment bank said Tuesday.

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Horin replaces Thomas Pinou, who will refocus on cutting expenses and helping to integrate companies Rodman & Renshaw buys.

Horin has spent the past five years at Jefferies & Co., where he was managing director of accounting policy and financial reporting. Before that, he spent 10 years at KPMG LLP.

Chief Executive Michael Lacovara said in a statement Horin has experience structuring broker-dealer acquisitions, which is important because Rodman & Renshaw expects to be an active acquirer.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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