Contact Information: For More Information: Marjorie Dunn Manager, Marketing & Communications 312/254-0892
CHICAGO, IL--(Marketwire - June 4, 2008) - MorrisAnderson is pleased to
announce that Philip Ostroski has joined their Milwaukee office as a
Managing Director. "Many of us at MorrisAnderson have known Phil for a
long time," says Principal Howard Korenthal. "We are very excited to have
someone with his extensive experience in middle-market lending, business
risk valuations and business development join MorrisAnderson. Phil will be
a tremendous asset to us with helping to market our services in the
Milwaukee area, Wisconsin, and the upper Midwest."
Before joining MorrisAnderson, Ostroski was President of Associated
Commercial Finance in Milwaukee, the asset-based lending subsidiary of
Associated Banc Corp. While there, he grew the enterprise from less than
$20 million in secured loans to more than $180 million in six years.
Ostroski is also a 20-year veteran of Bank One in Milwaukee, where he was a
Senior Vice President. While there, he managed the Bank's Equipment Finance
group, and had overall management responsibility for its regional
Commercial Finance product and lending group. Additionally, he played a
crucial role in analyzing the bank's weak-performing product groups based
on market position and in developing strategic outlooks for future market
performance.
Ostroski has also worked as an independent consultant playing a key role in
the turn around of several manufacturing facilities. He has also worked as
an auditor and credit analyst for the Walter E. Heller Co. Miami and in
Industrial Engineering at the Fort Pitt Steel Casting Company in the
Pittsburgh area.
Ostroski holds a bachelor's degree in mathematics from Alliance College,
and has completed graduate work at Florida International University.
More about MorrisAnderson:
Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee,
Los Angeles, Cleveland, Nashville and St. Louis. The firm's service offerings include
performance improvement, financial advisory, investment banking, interim
management, lender services, turnarounds, workouts, litigation support,
valuation, information technology services, and insolvency services and
wind-downs. MorrisAnderson emphasizes hands-on involvement for companies
with $20 million to $200 million in annual sales. Now celebrating its 27th
anniversary, the firm recently merged with Centre Health Partners, a
management consulting firm specializing in financial and operational
performance improvement services for the health-care industry.
MorrisAnderson's new health-care division is based in Nashville, Tenn.
