AST Phoenix hires Rachel Posner

AST Phoenix Advisors has hired former Georgeson general counsel and senior managing director Rachel Posner as senior vice president of business development following the firm’s rebranding earlier this month.

Posner will oversee all business development for AST Phoenix Advisors – formerly Phoenix Advisory Partners – and be responsible for the execution of all strategic initiatives at the firm.

Prior to her position at Georgeson, Posner was an M&A associate at law firm Fried Frank Harris Shriver & Jacobson in New York where she advised Fortune 50 companies on M&A, proxy contests and corporate governance matters.

Posner says she is excited to join the AST team, which has an industry reputation for being collaborative, innovative and authoritative. ‘It understands the business better than anyone else in the market,’ she says of her new colleagues at AST Phoenix Advisors. ‘We are exploring ways to fully leverage our brand and incredible knowledge in the marketplace.’

Initially, Posner indicates that the company will look to maintain its existing service offerings and use ‘further due diligence’ to perhaps build new lines of business for the future.

‘We have the agility to implement business plans quickly and decisively with the commitment and support of the leadership of AST Phoenix Advisors and across the broader AST organization,’ she notes.

Earlier this month, American Stock Transfer & Trust Company (AST) rebranded Phoenix Advisory Partners, which offers proxy solicitation and corporate governance advisory services across the US and Canada, in a strategic move the company says is intended to create better consistency across the AST brand.

In a statement, Mark Healy, president and CEO of AST, says the rebranding ‘emphasizes AST’s commitment to providing a broad range of services to our clients, using the resources of the global enterprise.’

This story originally appeared in Corporate Secretary, IR Magazine’s sister publication.