FIRST SUSTAINABLE, LLC                                                          



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TEAM

 

Scott Sidell, Ph.D.,  Chief Executive Officer

As founder and chief executive of First Sustainable, Dr. Sidell focuses largely on conceiving and implementing the strategy to impose the proven ABS specialty finance approach within the sustainable project space.  He is working with numerous financial institutions with which he has developed relationships over the years, to secure the credit and underwriting commitments necessary to successfully pursue this framework.  He simultaneously concentrates on putting all of the other necessary pieces together to successfully exploit this model within these emerging green asset classes.  Prior to founding First Sustainable, he spent 20 years as a quantitative, institutional debt arbitrage trader and the last seven as Chief Executive of a specialty finance company that he started at Millennium Partners, one of the world’s only investment grade rated hedge funds .  Dr. Sidell was instrumental in arranging the sale of the company at the end of 2006. He has been involved in the sale of three companies, including the sale in 1997 to a publicly traded company of a non-toxic clothes cleaner he organized and financed.  Dr. Sidell has worked in fixed income arbitrage for institutions including Chase Manhattan Bank, Chemical Bank, Societe Generale,  Greenwich Capital Markets (now RBS) and Millennium Partners.  He received his Ph.D. and M.A. from Cornell University, and BA from Boston College.  He attended Harvard University as an Exchange Scholar in the Department of Economics.  He is the author of several books and academic articles related to global finance. 

 

Mark Douglass, Chief Financial Engineer

Mr. Douglass has over 20 years of experience in virtually all aspects of ABS securitization.  Having run Bear Stern’s ABS trading desk through1995, he was also Gen Re Securities Global Head of Asset Backed Securities through 2002.  As a senior ratings analyst, Mr. Douglass spent four years at both Fitch and Moodys, and in 2004, was instrumental in the start-up of the monoline insurer, Security Guaranty Holdings.  In 2006, he managed a $400MM portfolio of structured product related debt on behalf of New Star Financial, a specialty finance company.  Mr. Douglass will direct First Sustainable’s efforts to identify, structure and securitize new green asset classes, by liaising with his multitude of strategic and propriety contacts in the banking and rating sectors.  Mr. Douglass received his MBA in Finance from the University of Chicago and B.S. in engineering from Washington University in St. Louis.  He served as a captain for the U.S. Air Force in the Engineering Group of the U.S. Space Command from 1983-1987.

 

Steven Turner, Chief Legal Officer
At First Sustainable, Mr. Turner will provide legal and transaction advice and support in connection with company renewable energy asset securitizations and related asset acquisition and project financings, as well as legal services in connection with all corporate financings, contracts and internal organizational matters.  Mr. Turner has over 20 years of experience as a capital markets transactions lawyer, with extensive asset securitization transaction expertise over a broad array of underlying asset classes, including mortgage loans, consumer/auto loans, credit card and trade receivables, government leases and government-supported export loans.  Mr. Turner complements his ABS experience with extensive legal practice in securities offerings & corporate finance, derivatives & energy products/carbon emissions trading markets, and commercial bank loan origination and secondary trading.  Mr. Turner previously worked as senior internal counsel and as legal consultant to major U.S. and European financial institutions, including Deutsche Bank, UBS and Lehman Brothers, prior to which Mr. Turner was an associate with Cadwalader,  Wickersham & Taft, where he advised on several of the earliest multi-class mortgage and auto securitization deals.  Mr. Turner received his J.D. in 1982 from Harvard Law School and his B.Sc from City College of New York.


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