SANTA BARBARA, California, February 17, 2011 /PRNewswire/ --
Investment veteran Dovi Frances has been named president of SG Acquisitions, LLC, it was announced today by SG Acquisitions. SG Acquisitions, LLC (SGA) is a multifaceted investment firm and family-office, owned by Russian billionaire Sergey Grishin.
A former native of Israel, Frances brings more than a decade of finance, sales and marketing experience to the company, and has most recently worked for Deutsche Bank Private Wealth Management in Los Angeles as a private banker and client advisor. Frances is an alumnus of UCLA Anderson School of Business where he earned his MBA in finance and marketing.
SGA focuses on the purchase and rehabilitation of commercial and residential real estate properties, providing credit advice and solutions for wealthy individuals through SG Companies, investments in seed and early stage technology startups, and investments in the capital market.
Throughout the market dislocations that began in 2008, SGA invested $134.6 million in commercial and residential properties in the US and Europe. SGA has also invested in several technology start-ups including 7Flowers.ru (http://7flowers.ru) and TekTrak.com (http://tektrak.com).
Frances brings his extensive experience and entrepreneurial drive to SG Acquisitions. "I am honored to be assuming the role of president for a company with such potential," says Frances. "I look forward to further developing all of SG Acquisitions' entities in the US, including our flagship SG Companies."
Along with his new appointment as president of SG Acquisitions, Frances is also a co-founder of SG Companies, along with Grishin. They founded SG Companies after experiencing firsthand the inefficiencies in the lending marketplace. They felt like there was no one who actually understood and advised wealthy individuals properly with respect to the credit side of their balance sheet. As a result they founded SG Companies with one goal in mind - become a household name in advisory and execution of jumbo and specialty financing in the United States.
SG Companies is comprised of SG Private Wealth Advisors, LLC (SGPWA) and SG Private Lending Group, Inc. (SGPLG). SGPWA is a private wealth advisory and consulting firm whose goal is to provide high net worth clients with comprehensive and customized credit solutions. SGPLG provides high net worth clients with access to jumbo and super jumbo financing ranging from $2 million to over $20 million.
SOURCE SG Acquisitions, LLC