Mr. Blum has over twenty five years of investment banking and capital markets experience. Prior to joining Westwood, Mr. Blum was a Managing Director in the Investment Banking Group of Prudential Securities Inc.
During his twelve-year tenure at Prudential, Mr. Blum served in a variety of capacities and was involved in many facets of investment banking, restructuring and capital raising for companies in numerous industries. He was a founding member of the Asset-Backed Securities Group, and was later elevated to Group Head of that area. Under Mr. Blum s guidance, Prudential achieved a number three market share in ABS, was the number one firm in home equity securities for six consecutive years, and dominated the issuance of securities backed by unguaranteed portions of SBA 7(a) loans.
Mr. Blum also has been involved with mergers and acquisitions, initial and subsequent public offerings of common stock, subordinated debt, preferred stock, and senior, unsecured debt. Early in his Prudential tenure, Mr. Blum traded swaps, options, futures, FRAs, currencies and Treasuries (domestic, C$ and Gilts) for Prudential Global Funding. At Global Funding, Mr. Blum traded approximately US$5 billion of swaps, including numerous innovative swap transactions, such as LIBOR arrears swaps, swaps with imbedded options and other structures that had not yet become commonplace. Mr. Blum served on several management committees, including the Investment Banking Committee and Marketing Committee.
Mr. Blum received bachelors and masters degrees from California State University, as well as an MBA from UCLA Graduate School of Management as a Carter Fellow (academic top 2%). A frequent lecturer, Mr. Blum has spoken at or chaired a great number of industry conferences. His writings have been published in several books edited by Frank Fabozzi, and he is a frequent commentator on the housing and credit crises on the CNBC, BBC and Bloomberg networks, as well as in leading periodicals.