New York City, NY (PRWEB) January 18, 2011
Michael Ring, 45-year business and real estate icon, has been named chairman of The Broadsmoore Group (”Broadsmoore”). Broadsmoore is a privately held financial institution with an initial concentration in the following four important investment areas: risk intelligence, regenerative medicine, job salvation and creation, and energy conservation. As chairman, Mr. Ring brings his lifelong philosophy of creating long-term value through honorable purpose to Broadsmoore. His focus is to harness the untapped transformative power of commerce, finance and human potential for sustainable economic and social prosperity. Following a robust fourth quarter, Mr. Ring noted that Broadsmoore and its portfolio companies have created over 700 jobs and project continued growth in 2011.
“Broadsmoore has already seen tremendous growth in its first year because the company is concerned with a deeper meaning for its investments, and maintains strategic partnerships only with counterparties who do the same”, says Mr. Ring. “Future profitability cannot be sustained by recreating the past. Our corporate culture embraces both economic and social prosperity over the long term. In the past, the paramount objective of a business was to make money. Our partners and group of high net worth investors and family offices have a deeper commitment to make a difference by embracing investment opportunities that provide both long term social and economic returns.”
Prior to joining Broadsmoore, Mr. Ring served as a vice president of Helmsley Spear Inc for over 40 years, and worked closely with principals such as Harry Helmsley, Leon Spear, and Maurice Spear. Among other holdings, Mr. Ring and his brother own a dynamic and responsive portfolio of over one million square feet of commercial real estate in New York, NY. “We are honored that Michael Ring took the time to get to know us and has taken on such an important leadership position by accepting the role of chairman at Broadsmoore.” said AJ DiScala, CEO. “The Rings have built an incredible legacy here in New York City. Michael has made a significant investment in Broadsmoore and is also committed to monetizing what his family was so successful in building. We are thrilled to have his input and guidance as we work to restore a healthy and sustainable marketplace.”
Michael Ring is a lifelong philanthropist and has been a benefactor, advisor or board member to hundreds of schools, universities, hospitals and charitable organizations. He is currently serving on the board at Stern College, a division of the Yeshiva University.
About The Broadsmoore Group:
Founded in 2009, The Broadsmoore Group (TBG) is a privately held investment advisory and merchant banking firm dedicated to making a difference and creating a secure financial marketplace. TBG’s core philosophy is to return to basics, strategically partner with only those companies who support a humanitarian, socially responsible or paradigm shifting investment opportunity. TBG’s mission is to assist its strategic partners by providing capital, liquidity generation and strategic growth. The firm leverages its network of high net worth individuals, family offices and institutional investors to connect strong, socially responsible companies with the right resources.
The company has re-engineered the investment model by applying patience and discernment on the front end. Using TBG’s Wall Street expertise and proprietary technology, they are able to expand the definition of “Know your Client” to include “Know your Counterparty;” standing to protect all players in today’s fraud riddled financial environment. Prior to any transaction, all potential clients, counterparties and entities are thoroughly vetted and subject to in-depth due diligence and risk analysis. The result is a healthy and sustainable financial marketplace where investors share in profitability and the fulfillment of making a difference.
For more information about The Broadsmoore Group you can go to their website at http://www.broadsmoore.com or call 212-380-3055.
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