Rainer (Ramses) Erdtmann has been appointed to head the Finance Department and oversees all financial matters for the company. Mr. Erdtmann began his career in Europe as an investment banker. He was accepted into the Investment Banking Program of Commerzbank in Germany after he graduated with distinction from the Westfaelische Wilhelms Universitaet in Muenster, majoring in Financing and Banking. He was later recruited by the asset management arm of Commerzbank and became a portfolio manager for international clients. The portfolio assets under management exceeded $1Billion Dollars. In 1994 he co- founded a German-based real estate company, United Properties Immobilien & Anlagen GmbH, which to date has successfully developed over 30 different projects and manages a portfolio of over 250 units. His main area of responsibility has been setting up the organization and overseeing the financial aspects of its operations. Mr. Erdtmann came to the US in the mid- nineties to manage the assets for a US equity pool and several European investors. He became actively involved in some of the holding companies and served on several of their boards. Building on his European network, he has since consulted high net-worth individuals and closed-end funds, and actively advised in the selection of US investments for over $500 Million. Furthermore he finalized over $120 Million of equity and debt transactions for private equity partnerships. "I have known Ramses for over 15 years, he has a strong analytical background, I am glad we could recruit him for this task," said Mr. Duggan.
Jason Adelman has been appointed as a new Board Member and member of the
Audit Committee for Pharmacyclics. Mr. Adelman is the founder and Senior
Managing Director of Burnham Hill Partners
|SOURCE Pharmacyclics, Inc.|
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