Eric Philo is a Investment Banker and a Managing Director of Avalon Group Ltd. He is multi-faceted in his work, including serving as CFO, Controller, general manager and as an investment and macroeconomics expert. In addition to investment banking his expertise includes sophisticated financial forecasting/modeling, asset allocation and stock selection strategies during multiple market and economic cycles, advising institutional investors, high net worth clients, corporate clients, boards of directors, and top management. His work with Avalon encompasses valuations, capital-raising, merger advice, business plan development, due- diligence, and the preparation of the elements required for private placements, initial public offerings, and secondary markets.
Eric's primary industry focus has been in Media, including Internet infrastructure and content, as well Telecommunications services and technology. He has been able to drive investment actions with institutional investors, high net-worth clients, corporate clients, internal salespeople and portfolio managers after providing profitable stock ideas and intensely-focused client services. He has also created and nourished strong corporate banking and investment relationships with CFOs and CEOs of many companies.
He currently serves as a Board Member and the Chief Financial Officer of BuildandSearch.com, an Internet and e-commerce company. He does strategic planning, capital raising, capital allocation, financial forecasting, budgeting, managing C-level meetings, driving overall company performance, selecting vendors, navigating all legal issues, providing important technical input, overseeing technical development, communicating technical issues in plain language to other C-level management and board
Eric is a regular contributor to economic and financial markets opinion pieces for www.247wallst.com. He is also the Founder and Principal of Magnolia Securities Research, a firm that specializes in public/private equity valuation and analysis. He has also served in senior positions at Brompton Cross Capital Advisors, a long/short hedge-fund, Shopkorn Associates, a family hedge-fund, and Jennison Associates, a money-manager serving institutions and individuals.
Eric has extensive capital markets experience. He was instrumental in selling and valuing many IPOs, including those involving Scholastic, Gartner Group, Reader's Digest, McClatchy, and others. He was also pivotal in setting IPO price in a number of deals, and crucial in deciding whether to pursue various IPO candidates. He was Vice-President at Goldman, Sachs for a decade and, while at Goldman, he was consistently named to Institutional Investor Magazine's All-Star Team and The Wall Street Journal's All-Star team as well. He has an M.B.A. from Columbia University and a B.B.A. from George Washington University. He serves on the Advisory Board of the NYU/Bellevue Program for Survivors of Torture, and served as Mentor, New York Society of Securities Analysts Investment Research Challenge, Iona College Team.
Eric is an accomplished musician and composer, with original compositions on iTunes and other sites.
For further background information, please see: www.avalonnetworth.com and http://www.linkedin.com/profile/view?id=23935937&locale=en_US&trk=tyah&trkInfo=tas%3Aeric%20philo%2Cidx%3A1-1-1