Philip Ostroski Joins MorrisAnderson's Milwaukee Office


CHICAGO, IL--(Marketwire - June 4, 2008) - MorrisAnderson is pleased to announce that Philip Ostroski has joined their Milwaukee office as a Managing Director. "Many of us at MorrisAnderson have known Phil for a long time," says Principal Howard Korenthal. "We are very excited to have someone with his extensive experience in middle-market lending, business risk valuations and business development join MorrisAnderson. Phil will be a tremendous asset to us with helping to market our services in the Milwaukee area, Wisconsin, and the upper Midwest."

Before joining MorrisAnderson, Ostroski was President of Associated Commercial Finance in Milwaukee, the asset-based lending subsidiary of Associated Banc Corp. While there, he grew the enterprise from less than $20 million in secured loans to more than $180 million in six years.

Ostroski is also a 20-year veteran of Bank One in Milwaukee, where he was a Senior Vice President. While there, he managed the Bank's Equipment Finance group, and had overall management responsibility for its regional Commercial Finance product and lending group. Additionally, he played a crucial role in analyzing the bank's weak-performing product groups based on market position and in developing strategic outlooks for future market performance.

Ostroski has also worked as an independent consultant playing a key role in the turn around of several manufacturing facilities. He has also worked as an auditor and credit analyst for the Walter E. Heller Co. Miami and in Industrial Engineering at the Fort Pitt Steel Casting Company in the Pittsburgh area.

Ostroski holds a bachelor's degree in mathematics from Alliance College, and has completed graduate work at Florida International University.

More about MorrisAnderson:

Chicago-based MorrisAnderson has offices in New York, Atlanta, Milwaukee, Los Angeles, Cleveland, Nashville and St. Louis. The firm's service offerings include performance improvement, financial advisory, investment banking, interim management, lender services, turnarounds, workouts, litigation support, valuation, information technology services, and insolvency services and wind-downs. MorrisAnderson emphasizes hands-on involvement for companies with $20 million to $200 million in annual sales. Now celebrating its 27th anniversary, the firm recently merged with Centre Health Partners, a management consulting firm specializing in financial and operational performance improvement services for the health-care industry. MorrisAnderson's new health-care division is based in Nashville, Tenn.

Contact Information: For More Information: Marjorie Dunn Manager, Marketing & Communications 312/254-0892

Philip Ostroski Joins MorrisAnderson's Milwaukee Office