Beginning his career in 1963, Mr. Schechter has almost 50 years of experience in the London and New York private placement and leasing markets. He has placed over $10 billion of cross border debt and lease financing for hundreds of companies in a wide range of sectors and has been credited as 'the father of the cross border private placement' by Corporate Finance Magazine, having completed the first transaction in 1977.
Before founding Schechter & Co. Limited, Mr. Schechter served as Managing Director of Lazard Brothers & Co., Limited and Lazard Frères & Co. LLC. While at Lazard, he was Co-Head of Debt Finance and Advisory Group and Group Head for all aspects of cross border debt and lease financings and UK domestic debt placements and leasing. His transaction highlights include raising $435 million for Anglian Water Services (the largest cross border private placement from the UK during 2001), $265 million for Blue Circle Industries, four football securitisations - Leeds United, Southampton, Ipswich Town and Leicester City and a rolling stock lease financing for Serco plc's Australian subsidiary, Great Southern Railway.
Prior to joining Lazard, Mr. Schechter was Managing Director & Head of International Debt Capital Markets at Schroder & Co. Inc. and Director & Head of Marketing, Financing Division at J. Henry Schroder & Co. Limited where he was a General Partner of the predecessor firm, Wertheim & Co., joining as a Vice President in 1975.
Mr. Schechter was ultimately responsible for all cross border debt financings and various leasing and PFI structures, including the solicitation, structuring and marketing of debt products to clients and targets. He was directly responsible for relationships with institutional investors. While at Schroders, Mr. Schechter completed in excess of seventy cross border private placements totalling over $8.0 billion, and more than two hundred domestic private placements including, in 1999, $250 million for Schroders Plc itself. Mr. Schechter has developed a UK domestic private placement market, having placed eleven sterling transactions to date, including £70 million for the Defence Helicopter Flying School, £60 million for Stakis plc and £55 million for the stadium expansion of Newcastle United PLC, in addition to arranging private placements out of Ireland, The Netherlands, Germany, Japan, Finland, Canada, France, Belgium, Barbados, Bahamas and Cyprus.