NEW YORK, July 11, 2018 (GLOBE NEWSWIRE) -- Stonybrook Capital, an investment and merchant bank focused exclusively on the insurance industry, is pleased to announce that Paolo Grassi has joined the firm as COO and General Counsel. With extensive management and legal experience, spanning nearly three decades, Mr. Grassi brings valuable leadership to Stonybrook Capital’s executive team during a period of rapid growth. As COO, Mr. Grassi will lead operations and direct the company’s legal and administrative functions.

“Paolo is a seasoned and trusted leader who consistently delivers results. He joins Stonybrook Capital with a wealth of operational and legal management experience in the insurance industry and in the practice of law,” said Joseph M. Scheerer, Stonybrook Capital’s CEO and founder. “We are thrilled to have a steady hand at the operational helm as we continue to expand our product line and broaden our customer base.”

Mr. Grassi joins Stonybrook Capital from private practice, where he advises companies in the InsurTech space at various stages of development, structures cross border transactions and serves in private corporate boards. He began his professional career in Switzerland and later as a White & Case fellow in New York. He then joined American International Group, Inc., where, during his 25 year tenure in the insurance and financial services industry, he served in M&A roles and led legal, compliance, regulatory and corporate affairs teams across 5 continents.

“I am incredibly energized by the opportunity to lead Stonybrook’s operations and its legal function at this critical stage of the company’s growth, innovation and product diversification,” said Paolo Grassi. “It is a tremendous pleasure to join Joe and the Stonybrook team and I look forward to supporting the company’s continued success."

Mr. Grassi earned a J.D. from the University of Bern School of Law in Switzerland, where he graduated “cum laude”, and received his Master of Laws Degree from Fordham University School of Law in New York. In addition to his professional accomplishments, Grassi is an avid pilot and holds FAA commercial certificates for airplanes and gyroplanes.

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
CEO & Principal

Office: (212) 805-8344
Mobile: (917) 860-4519
joseph.scheerer@stonybrookcapital.com