LEADERSHIP

CHARLES RUSBASAN

Founding Partner, Chief Executive Officer

Charles Rusbasan is a Founder and Chief Executive of Balbec and has oversight of all aspects of Balbec Capital.

In 1992, after managing product development and systems units at Mellon Bank and Chemical Bank, he joined Bear Stearns to found Max Recovery, the first institutional purchaser of Insolvent Consumer assets. During the ensuing 16 years Mr. Rusbasan built Max Recovery into one of the most profitable proprietary trading desks at the firm, directing the investment of over $3 billion of proprietary capital. After building a substantial business during the 1990’s, in 2000 he successfully expanded into the UK, Europe and Asia/Pacific. Subsequent to his departure from Bear Stearns’ successor JPMorgan in 2009, he started Balbec Capital with the other founding partners.

Mr. Rusbasan holds a B.A. in Economics from the University of Pittsburgh and an MBA from Columbia University. He is a member of the Economic Club of New York, serves on the Executive Board of the Program for Financial Studies at Columbia Business School, is active in the Royal Institute of International Affairs, has been named “Man of the Year” by the National Association of Bankruptcy Trustees, and has served on the advisory panel to the UK Insolvency Service. In addition to his Balbec-related responsibilities, Mr. Rusbasan is active in land preservation and arts-related charities.
rusbasan@balbec.com

JEFF PADDEN

Founding Partner, General Counsel & Chief Compliance Officer

Jeff Padden is a Founder and General Counsel & Chief Compliance Officer of Balbec Capital. Mr. Padden is responsible for all legal and compliance matters, contracts and investor relations and business development in Asia for Balbec Capital.

Prior to Balbec, Mr. Padden represented private and public companies in various corporate transactions throughout his legal career and has a long history of doing business in and representing clients internationally with a specific focus in Asia. His practice has focused on corporate law, venture capital and international transactions. He has been a Board or Advisory Board member of a variety of companies and has spoken at legal and business conferences on various corporate topics. He is a member of the American Bar Association, Business Law, and International Law sections.

Mr. Padden holds a B.S. from the University of Virginia (with Distinction) and a J.D. from the University of Texas Law School (with Honors, Order of the Coif, Phi Kappa Phi).
jpadden@balbec.com

ROB RYAN

Partner, Head of Investments, the Commonwealth

Rob Ryan is a Partner and Head of Investments in the Commonwealth at Balbec. Mr. Ryan joined Balbec in 2012 and is responsible for Business Development and Client Relations in the UK and Australia and other strategic transactions.

Prior to Balbec, Mr. Ryan held a number of senior structured finance roles with international banks in both Japan and Australia, most recently with Commonwealth Bank of Australia. From 2006 to 2009, Mr. Ryan was a senior executive with Max Recovery, a wholly owned subsidiary of Bear Stearns, with responsibility for building the Asia-Pacific business and became the Australia country head in 2008. Prior to joining Max Recovery, Mr. Ryan was a Managing Director in the Securitization Department of Bear Stearns’ Japan unit and executed several pioneering transactions in performing and distressed consumer and real estate asset classes. Prior to entering the banking industry, Mr. Ryan was a structured finance lawyer with Allen & Overy, a major international law firm, and practiced in both London and Tokyo.

Mr. Ryan holds a Bachelor of Law degree with honors from Leicester University and is a graduate of the EU’s Executive Training Program in Japan.
rryan@balbec.com

ARPAD SEBE

Partner, Head of Investments, Europe

Arpad Sebe is a Partner and Head of Investments for Europe at Balbec. Mr. Sebe is responsible for acquisitions, deal structuring, and portfolio management functions within continental Europe. Prior to Balbec, Mr. Sebe initially worked with other members of the management team at Max Recovery, a wholly owned subsidiary of Bear Stearns, starting in 2005 as a Vice President and international portfolio analyst. At Max Recovery, he was responsible for valuing portfolios of insolvent debt across Europe with a notional amount in excess of 10 billion euros for over €300 million in investments.

After leaving the firm in 2008 and prior to joining Balbec in 2011, Mr. Sebe served in the position of Financial Director of the largest private solar-energy developer in Abu Dhabi, where he raised over €10 million in private equity from international and local investors.

Mr. Sebe holds an MSc in Political Economics from the London School of Economics and a B.A. with the highest honors (Summa Cum Laude) in Economics from Columbia University, New York.
asebe@balbec.com

BARRY SANDERS

Chief Compliance Officer

Barry Sanders is the Chief Compliance Officer of Balbec Capital LP and Balbec Capital Management LP, a registered investment adviser with the United States Securities and Exchange Commission. Mr. Sanders is responsible for compliance matters for the firm. Prior to joining Balbec, Mr. Sanders was in private law practice handling complex litigation and client counseling, including representation of private companies and professional service providers before regulatory agencies. As a partner in private law firms he also served in a variety of management capacities. He is a member of the Arizona and California bars.

Mr. Sanders holds a B.A. (with High Distinction) from the University of Virginia, an M.A. (law) from Cambridge University, and an LL.M. from the University of Texas.
bsanders@balbec.com

BO WANG

Managing Director, Pricing & Analytics

Bo Wang is a Managing Director at Balbec Capital. Mr. Wang joined Balbec in October 2011 and is responsible for pricing and analytics functions globally. Prior to joining Balbec, Mr. Wang spent nearly 7 years in numerous software engineering and developer roles.

Mr. Wang holds a B.S. in Computer Science from Cornell University and a Master’s in Quantitative Finance from Rutgers University.
bwang@balbec.com

ANDREW DEMPSEY

Managing Director

Andrew P. Dempsey is a Managing Director at Balbec Capital. Mr. Dempsey joined Balbec in September 2018 as head of capital formation.

Prior to Balbec, Mr. Dempsey served as a Managing Director at Easterly LLC, where he was responsible for capital formation and business development. Prior to Easterly, he served as a Managing Director at Fortress Investment Group LLC, where he was Chief Operating Officer of the Permanent Capital Business Group and a member of the firm’s Management Committee. Prior to that, he served as its Global Head of Capital Formation for the Liquid Markets Business, where he was responsible for capital raising and investor relationship management for the Liquid Markets business. Prior to joining Fortress in May 2005, he served as a Regional Director at Allegiance Capital, where he was responsible for the marketing and distribution of fixed income products for the southwest United States and Mexico. Prior to that, he was a Fixed Income Specialist for the Enterprise Unit at SEI Investments Co., where he developed asset liability studies and investment analyses for endowments, foundations and Fortune 100 defined benefit and defined contribution plans.

Mr. Dempsey received a B.B.A. degree in Economics and Finance with a second major in Mathematics from the University of Notre Dame.
adempsey@balbec.com

JARED MUROFF

Managing Director, Corporate Credit Investments

Jared Muroff is a Managing Director at Balbec Capital. Mr. Muroff joined Balbec in 2019. Prior to joining the company, he was Director of Research at ASM Capital where he was responsible for analyzing bankrupt and distressed companies with an eye towards providing financing and investing in unsecured credits. Prior to ASM Capital, Mr. Muroff held several positions in the Equity Research Group of Prudential Securities covering various industrial sectors. Before working at Prudential Securities he held similar roles at Sanford C. Bernstein & Co.

Mr. Muroff received a Bachelor of Science in Engineering from Princeton University and holds the CFA designation.
jmuroff@balbec.com