FINANCE
B. Riley Expands Steve Reiner's Role
Los Angeles–based financial-services company B. Riley Financial Inc. named Steven H. Reiner to the newly created position of chief business development officer, asset dispositions, for the company’s Great American Group LLC subsidiary. Reiner will continue to hold his position as managing director and the head of consumer investment banking for the B. Riley & Co. LLC subsidiary.
“Our clients’ financial needs are rarely singular in nature, with the solution requiring specialists from multiple financial disciplines,” said Bryant Riley, B. Riley financial chairman, in a statement. “As such, we take a collaborative approach to each engagement, which means tapping, when necessary, into the capital-raising expertise within our B. Riley & Co. investment banking group as well as Great American Group’s advisory services, including valuation, asset disposition and liquidation services. Steve’s many years of experience as an investment banker, combined with his background as a company operator in the retail sector, allow him to assemble the appropriate team that can best advise clients on a range of complex financial and operational issues.”
Reiner has more than 25 years of experience in investment banking and apparel industry management, working with such financial firms as Salomon Brothers Inc.; Oppenheimer & Co., where he founded the company’s Consumer Investment Banking practice; and Financo, where he opened the investment bank’s Los Angeles office. He also served as president of off-price agent Jessica’s and a senior executive with Skechers USA Inc.
“Great American has a 40-year, distinguished history of providing financial solutions to business owners, executives and lenders,” Reiner said. “The access to B. Riley & Co.’s capital-raising and advisory capabilities will enable us to offer clients a broader range of integrated, value-added solutions.”
Also joining Great American’s business-development team is Ryan Mulcunry, an executive vice president in Great American Group’s Advisory and Valuation Services division.
