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PRESS RELEASE: Iroquois Capital Group Names McGugin President & CEO

Press Release, August 11, 2014.

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Iroquois Capital Group Names McGugin President & CEO

Nashville, TN. – Iroquois Capital Group, Inc., a Nashville-based merchant and investment banking firm, has named William A. McGugin as its new President and Chief Executive Officer, effective January 1, 2015. John F. Jacques, the current Chairman of the Board and co-founder of the company announced at the annual shareholders meeting that he plans to retire at the end of this calendar year. Michael A. Koban, Jr., the current President and Chief Executive Officer and co-founder of the company, will become Chairman of the Board effective January 1, 2015. Jacques will continue to serve as a member of the Executive Committee and the Board of Directors. McGugin has served as a Director of Iroquois since 2007 and currently is the Chief Executive officer of two of Iroquois’ portfolio companies, REIT Investment Group and Iroquois Captive Services.

“Bill McGugin is an outstanding executive who has been a key part of the success of Iroquois and he will provide outstanding leadership in the future,” said Jacques. Koban added, “I have worked closely with Bill since 2009 and saw him build REIT Investment Group into one of the two leading national service providers to the private REIT industry, and I am confident that Iroquois will continue to prosper under his direction.”

“Over the last 6 years our Chairman, Jack Jacques, has provided me the opportunity to be President and CEO of some of our portfolio companies, including REIT Investment Group, and effective December 31, to be President and CEO of our parent company, Iroquois Capital Group. From the platform that has been created, which includes our portfolio companies, our talented workforce, our professional relationships, and our shareholder base, I am confident about the future of Iroquois Capital Group,” said McGugin.

About Iroquois Capital Group

Iroquois Capital Group is a Nashville-based merchant banking and investment banking firm led by business executives who have been CEO’s, owners, and operators of businesses, with extensive finance and mergers and acquisitions experience. The company focuses on the health care and financial services industries and invests its own capital alongside the capital of third party high net worth and institutional investors.

 

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