NEW YORK, July 05, 2018 (GLOBE NEWSWIRE) -- Stonybrook Capital, an investment and merchant bank focused exclusively on the insurance industry, is pleased to announce that William (“Billy”) Nutt has joined the firm as strategic advisor. By leveraging his in depth expertise of the insurance industry, Mr. Nutt will focus on providing advisory services to our clients with an aim at running efficient, highly rated and profitable businesses, identifying and employing high-performance management teams and developing well-defined strategic plans.
“With a firm that focuses on the insurance industry, it is paramount that we surround ourselves with people who are knowledgeable of the industry. Billy has plenty of experience in the insurance sector and our clients will benefit from the strategic value he is able to add to their companies”, Principal and Managing Director, Joe Scheerer said.
“I am very pleased to be joining such an outstanding team of insurance experts at Stonybrook Capital and serving our clients with the knowledge and experience I have acquired during my career in the insurance industry”, said Billy.
Mr. Nutt has over 40 years in the insurance industry, primarily with United Guaranty Corporation, then a subsidiary of AIG. While at United Guaranty, he served as the company’s President and CEO and was elected to its board of directors. He also served in various positions at Bankers Financial Corporation, Piedmont Trust Company, the Fannie Mae National Advisory Council and served as the president of the Mortgage Insurance Companies of America. He has a proven record of growing businesses, acquiring or starting new businesses and re-engineering unprofitable businesses.
Mr. Nutt received his Bachelor of Economics from the University of North Carolina at Chapel Hill and completed The Executive Program at the Kenan Flagler Business School at the University of North Carolina.
About Stonybrook Capital
Stonybrook Capital is a merchant and investment-banking firm located in New York City that focuses exclusively on the insurance industry.
Securities transactions are executed through Weild & Co., member FINRA | SIPC.
Corporate contact:
Joseph Scheerer, Principal & Managing Director
Office: (212) 805-8344
Mobile: (917) 860-4519
joseph.scheerer@stonybrookcapital.com