U.S. Markets open in 4 hrs 29 mins

ICR Announces Addition of Steve Parish and Lee Stettner as Managing Directors and Co-Heads of Capital Markets

NEW YORK--(BUSINESS WIRE)--

New Senior Team Members Bring More than 60 Years of Combined Experience and Advisory Roles on Hundreds of Transactions

ICR, a leading strategic communications and advisory firm, announced today that Steve Parish and Lee Stettner will be joining the firm as Managing Directors focused on capital markets advisory. The new senior team members, who bring more than 60 years of combined experience as advisors on hundreds of transactions, will report to firm CEO, Tom Ryan, and President, Don Duffy.

Mr. Parish and Mr. Stettner will also serve as Co-Heads of Capital Markets for ICR’s broker-dealer affiliate, ICR Capital. Their addition further enhances the existing ICR Capital franchise. ICR Capital provides corporate management teams and financial sponsors with the independent objective advice and expertise they need to execute a wide range of financial transactions, including IPOs, follow-on offerings, block trades and alternative capital raising transactions.”

Mr. Ryan and Mr. Duffy stated, “Steve and Lee possess tremendous capital markets advisory experience and their addition to ICR Capital dramatically accelerates our progress toward developing the leading transaction advisory business in North America. We believe the combination of our existing and new capital markets advisory expertise with ICR’s deep industry sector expertise – which is critical to properly advising on any transaction – results in a truly unique and compelling offering. The addition of Lee and Steve is a powerful endorsement of the ICR Capital platform and adds to the significant momentum we have enjoyed over the past 18 months.”

Mr. Parish and Mr. Stettner added, “The transaction advisory business in North America has evolved substantially over the past several years. Issuers and financial sponsors are increasingly looking beyond process management for a more robust and strategic level of insight that includes extensive knowledge of their sector, business model and historical trends. We believe the ICR platform is ideally suited for this next phase of evolution in the business and we could not be more excited to join this team. In addition to being able to combine deep sector knowledge from at least 20 sector specialist groups and across more than 750 clients, we can now also incorporate fully-integrated communications support that includes investor relations, public relations, media and presentation coaching, crisis communications, social and digital media and governance advisory.”

Steve Parish has worked in the capital markets for more than thirty years, most recently as a Managing Director for Solebury Capital, where he spent seven years advising issuers and financial sponsors on a broad range of transactions. He began his career at Bear Stearns and remained at the firm for almost twenty five years, serving as Senior Managing Director where he was responsible for the structuring, marketing and execution of hundreds of equity and equity-linked transactions for issuers. He was the Global Head of the Equity Transactions Group and served on a number of committees, including the Commitment Committee and Equity Sub-Committee. He had oversight responsibilities for all types of offerings, including IPOs, follow-ons, 144A placements, convertible securities, and block trades. Steve received a BA in History from Tulane University and an MBA in Finance from New York University Stern School of Business.

Lee Stettner has worked in the capital markets for thirty years in a variety of senior roles in both equity capital markets and corporate finance. Since 2014, Lee has been a Managing Director at Solebury Capital. Prior to that, he was Managing Director in Equity Capital Markets for J.P. Morgan where he was also on the firm’s Equity Underwriting Commitment Committee. Before joining J.P. Morgan, Lee was a Senior Managing Director and Global Head of Equity Capital Markets at Bear Stearns and from 2004-2007, he was a Managing Director at Deutsche Bank where he was Head of Healthcare Investment Banking and Equity Capital Markets Group. Lee was also a senior banker at Morgan Stanley and Credit Suisse. Lee graduated with a BA in Economics from Hamilton College and an MBA from the Wharton School of Business of the University of Pennsylvania.

About ICR

Established in 1998, ICR partners with its clients to execute strategic communications and advisory programs that achieve business goals, build awareness and credibility, and enhance long-term enterprise value. The firm’s highly-differentiated service model, which pairs capital markets veterans with senior communications professionals, brings deep sector knowledge and relationships to more than 750 clients in approximately 20 industries. ICR’s healthcare practice operates under the Westwicke brand (www.westwicke.com). Today, ICR is one of the largest and most experienced independent communications and advisory firms in North America, maintaining offices in New York, Norwalk, Boston, Baltimore, San Francisco, San Diego and Beijing. Learn more at www.icrinc.com. Follow us on Twitter at @ICRPR.

About ICR Capital

ICR Capital, member FINRA/SIPC, a registered broker-dealer affiliate of ICR, provides transaction advisory services related to IPO execution as well as follow-on and convertible notes offerings, equity and debt capital raises and block trades. The firm provides independent advice on all aspects of the transaction process to help clients make better informed decisions. ICR Capital’s advisory expertise in combination with ICR’s industry leading communications capabilities helps clients achieve their transaction objectives, while establishing a foundation to maximize long-term equity value. Learn more at www. icrcapital.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191204005765/en/