DBL Holdings, LLC (dba Drexel Burnham Lambert) is establishing a high quality financial institution dedicated to serving Middle Market entrepreneurs, businesses and investors in North America, Europe, and, ultimately, Asia, particularly in the leveraged finance area, (The Middle Market, as seen by the Company, consists of small and mid-sized public and private companies (typically those with less than $1.0 billion revenues/market capitalization), aspiring and successful entrepreneurs and entrepreneurial companies with impressive track records and solid business models, and special situation opportunities. DBL will focus on companies with revenues and market capitalizations below $250 million (the “Lower Quadrant”), and transaction sizes between $10 million and $50 million, as well as investors targeting such entities.
The Company’s Middle Market efforts will include capabilities in investment banking, fixed income sales and trading, and certain areas of asset management and “merchant banking” (i.e., the ability to commit capital to its clients’ financing needs) that are well-suited to a Middle Market business. These capabilities all will be supported by the necessary research and analytical resources, which would either be developed internally or acquired under the appropriate circumstances.
The focus of the Company’s investment banking effort will be on the leveraged finance area, as well as capabilities in general corporate finance, traditional private placements, mergers and acquisitions, restructuring and distressed services, and other specialized functions important to a Middle Market client base. The Company’s fixed income sales and trading capability will play a major role in and of itself, as well as supporting the efforts of the investment banking and asset management businesses. A critical component of the sales and trading operation will be a capital markets and syndication effort in order to support the funding activities of the Company’s Middle Market business clients, while providing investment opportunities for its investor clientele.
The broadly-defined asset management effort will include merchant banking capabilities in order to assist Middle Market entities in accessing capital in the appropriate circumstances, while providing the Company’s Middle Market investors with investment opportunities in this sector. The Company expects that its ability to quickly source capital will provide a competitive advantage over many other Middle Market firms, especially with respect to the Lower Quadrant.
The Company launched its business activities, and is soliciting engagements, by providing high quality expert consulting/expert witness services, as well as advice in the mergers and acquisitions, joint venture and strategic business alliance areas.
BOARD OF DIRECTORS & MANAGEMENT
Dr. Craig Anthony Zabala
Co-Founder, Executive Chairman, President, and Chief Executive Officer
Dr. Zabala is also the Founder, Chairman, President, and Chief Executive Officer of The Concorde Group, Inc. since 1998; Founder, Chairman, President and Chief Executive Officer of Blackhawk Capital Group BDC, Inc., since 2004; Co-Founder, President and Director of Concorde Europe Limited (United Kingdom), since 2001; Co-Founder and President of Concorde Investment Managers since 2000; Founder, Chairman, President and Chief Executive Officer of DBL since 2000, and Managing Director and Registered Representative of John W. Loofbourrow Associates, Inc., Member of FINRA, SIPC and MSRB, since 2014.
From 2007 to 2013, Dr. Zabala was a Registered Representative at Torsiello Securities, Inc., a FINRA member broker dealer, in New York City. From 2010 to 2011, he was Managing Director of Merchant Banking at 787 Capital Group LLC, a privately-held merchant banking firm in New York City. Dr. Zabala was responsible for building 787 Capital's investment banking advisory and merchant banking businesses in the U.S. and globally and working with the owners and executive management of 787 Capital in developing the firm’s client base of qualified institutional buyers (“QIBs”), family offices, and ultra-high net worth individuals under a joint venture with The Concorde Group, Inc.
From 2002 to 2003, he was a Registered Representative and an Investment Advisor with Brean Murray & Co., Inc. in New York City. From 1999 to 2001, Dr. Zabala was Senior Vice President of Merchant Banking and Investment Advisor with Trautman, Wasserman & Company, a merchant bank and broker dealer in New York City under a joint venture with Concorde Group. From 1997 to 1998, Dr. Zabala was Vice President and Investment Advisor, Private Client Group, Merrill Lynch & Co., New York City. From 1996 to 1997, Dr. Zabala was an investment banker at Baird Patrick & Company, Inc., New York City. Prior to this, from 1994 to 1995, Dr. Zabala was an Acting Chief Financial Officer and Investment Banker at Gilman Securities, Inc., family office, in New York City. From 1992 through April 1996, Dr. Zabala was Vice Chairman of the Board of Directors of Golf Reservations of America, Inc., Sherman Oaks, California. From 1989 to 1990, he was Assistant to the President and Investment Banker and Vice President of Corporate Finance at D.H. Blair and Company, an investment bank and broker dealer in New York City.
From 1998 to 2002, he was Scholar in Residence and Visiting Lecturer at the Zicklin School of Business and the Department of Finance, Graduate School, Baruch College, City University of New York, where he taught MBA courses on entrepreneurial strategy and a M.S. degree in Finance course on investment banking. From 1991 to 1993, Dr. Zabala was a Visiting Scholar and Lecturer at the Walter A. Haas School of Business, University of California, Berkeley teaching courses on entrepreneurship, venture capital and applied finance. From 1990 to 1991, he was Visiting Fellow at the School of Industrial and Business Studies, University of Warwick, Coventry, England. From 1986 to 1990, he served as Assistant Professor of Management at the School of Management, Rensselaer Polytechnic Institute, in Troy, New York. Dr. Zabala was a Doctoral Fellow conferred by the U.S. Senate (1979 to 1981) and an Economist at the U.S. Department of Labor (1979 to 1982) and an Economist at the U.S. Department of Commerce (1982 to 1986) in Washington, D.C. During part of his career in Washington, D.C., he was also employed full-time as an autoworker from 1976 to 1983 at the General Motors Assembly Division, General Motors Corporation, Van Nuys, California, where he worked and also carried out research on production relations for his doctoral research on the U.S. automobile industry.
Dr. Zabala received his A.B., magna cum laude, Pi Gamma Mu and Phi Beta Kappa, in 1974, and Chancellor Fellow conferred by the Graduate Division (1974 to 1983) leading to the M.A. in 1977 and Chancellor Fellow and Doctoral Fellow, conferred by the U.S. Senate and the U.S. Department of Labor (1979-1981), for the Ph.D. in 1983 and postdoctoral scholar in 1986 from the University of California, Los Angeles. He also pursued postgraduate studies in production theory and econometrics in the Department of Economics, The George Washington University, Washington, D.C. in 1983 to 1985 and studied finance with a focus on globalization and central banking at the Center for Financial and Management Studies, School of Oriental and African Studies (SOAS), University of London, United Kingdom from 2013-2015. Dr. Zabala is currently a Ph.D. candidate in Finance at EDHEC-Risk Institute, École des Hautes Études Commerciales du Nord, Nice, France. He is also a Visiting Scholar at the Institute for Research on Labor and Employment, UCLA, and a Visiting Researcher at the Max Planck Institute for the Study of Societies, Cologne, Germany.
Dr. Zabala is Member of the Board of Visitors at the University of California, Los Angeles since 2016 and is also a Board Member of the Dean of Social Sciences Centennial Campaign Committee for UCLA’s 100th Anniversary in 2019.
Dr. Zabala has published widely in academic books and journals in the fields of business, economics, finance, industrial relations, management, sociology, and federal government and financial services industry publications.
Dr. Zabala holds the General Securities Registered Representative (Series 7), Uniform State Securities Agent (Series 63), Investment Advisor Representative (Series 65), Limited Securities Representative-Investment Banking (Series 79) and Operational Professional (Series 99) securities licenses.
Gerald L. Brodsky
Senior Managing Director & President Nominee
Mr. Brodsky is Chief Operating Officer of the Company and will assume the position of President upon the completion of the Offering and join the Board of Directors prior to a public offering. Mr. Brodsky has more than 45 years of experience on Wall Street. Mr. Brodsky has recently been acting as an independent expert witness/consultant with respect to capital markets and valuations matters, as well as supervisory, risk management and compliance activities at regulated broker-dealers. His most recent employment position was that of Chief Compliance Officer and Anti-Money Laundering Officer at Dinosaur Financial Group LLC, a mid-sized registered international broker-dealer. Prior to that, he was Managing Director/Chief Operating Officer of Emerald Point Capital LLC., a firm that raised capital for private equity and hedge funds. Previously, Mr. Brodsky was a Managing Director at Alvarez & Marsal Dispute Analysis and Forensic Services, LLC and prior thereto was a partner at Bates White, LLC in Washington, D.C. Mr. Brodsky was Chief Operating Officer and Director of Investment Banking at Harmonic Research, Inc., a NASD member broker-dealer in New York with investment banking, merchant banking and asset management businesses. Previously, Mr. Brodsky was Managing Director of Corporate Development and Investment Banking at Maxcor Financial Group, Inc., a publicly traded inter-dealer broker, and, before that, he was Managing Director and Chief Operating Officer of Investment Banking at Southcoast Capital/Brenner Securities Corporation. Prior thereto, Mr. Brodsky was Managing Director and Capital Markets (Derivatives) Credit Manager at Bankers Trust Company, where he developed its on-line derivatives credit management and reporting system, coordinated all derivatives-based credit-related initiatives, and was the Business Manager for the newly-established Credit Derivatives business line. Before that, he was Managing Director and Director of the Investment Banking Department at Mabon Securities Corporation.
Prior to the above, Mr. Brodsky was Managing Director and Chief Operating Officer in the Corporate Finance Department at the old Drexel Burnham Lambert, where he managed the four committees that reviewed and approved all investment banking transactions (and was personally involved in the execution of approximately 500 transactions in the middle market and high yield areas) and developed and managed the department's rapidly-growing operating infrastructure. Mr. Brodsky began his career as an investment banker in the Corporate Finance Department at Morgan Stanley & Co., Inc., where he was the day-to-day relationship manager for numerous Fortune 100 companies. He personally closed more than 100 financial transactions in a broad spectrum of product/service areas, including public and private debt (taxable and tax-exempt) and equity financing, mergers and acquisitions, joint ventures, strategic alliances, project finance, leasing, derivative products, principal investments, venture capital, and corporate financial advisory services.
Mr. Brodsky received his MS in Operations Research and Finance from the MIT Sloan School of Management, Cambridge, Massachusetts, and his BS from Massachusetts Institute of Technology.
Mr. Brodsky holds the General Securities Registered Representative (Series 7), General Supervisory (Series 24), and Uniform State Securities Agent (Series 63), Limited Securities Representative-Investment Banking (Series 79) and Operations Professional (Series 99) securities licenses.
Robert Jeffery Owens
Mr. Owens has been a Director of DBL Holdings since 2000. He is Co-Founder and Director on the Concorde Group Holdings’ Board of Directors since January 16, 2015, Director on The Concorde Group, Inc. Board of Directors since 2000, Director of Blackhawk Capital Group BDC Inc. since 2004, and Director of Concorde Europe Limited in the United Kingdom since 2001. He founded and operated Owens Concrete Construction Company in 1978 until 2000, when he sold the company and joined Concorde’s Boards.
Robert M. Fujii
Vice President and Secretary
Mr. Fujii has been a Vice President and Secretary at DBL Holdings LLC since 2000. He is a Co-Founder and has been Vice President and Secretary of Concorde Group Holdings, LLC since January 16, 2015, Vice President and Secretary of The Concorde Group, Inc. since 1999. He is Vice President and Secretary of Blackhawk since April 22, 2004. From 1993 to 1999, Mr. Fujii was a financial consultant to Craig A. Zabala & Company, a business consulting company in New York City. From 1992 to 1993, Mr. Fujii worked as a financial analyst for Nichirei Foods America sales office in San Francisco. From 1979 to 1992, Mr. Fujii worked as the Supervisor of Budgets and General Accounting for Varian Associates, Inc., a manufacturer of scientific measuring instruments, located in Walnut Creek, California.
Mr. Fujii received his BA in Biochemistry in 1971 from the University of California at Berkeley and an MBA in International Business and Finance from the Haas School of Business, University of California at Berkeley in