Barry Friedberg serves on the Board of Directors of Emigrant Bank and is a member of the investment committee of Emigrant Capital Corp. Mr. Friedberg is also the President and Co-Founder of FriedbergMilstein, an asset management firm founded in 2003 that has responsibility for investing more than $1.0 billion in leveraged finance assets. Prior to forming FriedbergMilstein, Mr. Friedberg was Executive Vice President and member of the Executive Committee at Merrill Lynch for more than 10 years. From 1985 through 1993, he was head of the Global Investment Banking Division of Merrill Lynch. In 1985, when he assumed these responsibilities, Merrill Lynch was ranked 6th or lower in the debt, equity, and M&A league tables. During Mr. Friedberg’s leadership, Merrill Lynch became #1 in the league tables for all of these capabilities.
Mr. Friedberg’s responsibilities also included oversight of the private investment activities of Merrill Lynch which managed approximately $1 billion of private equity investments and $1.5 billion of leveraged financing for middle market companies. He also initiated the first major private placement effort at a Wall Street firm to place limited partnership interests on behalf of financial sponsor clients and was involved in assessing the management teams that Merrill Lynch represented in that marketplace. Prior to joining Merrill Lynch, Mr. Friedberg was head of the Merger & Acquisition Group of AG Becker, which Merrill Lynch acquired in 1984.
Mr. Friedberg is Chairman Emeritus of the Board of the New York City Ballet and a member of its Investment Committee. He is also a member of the Investment Committee of the Boys & Girls Harbor. Mr. Friedberg received his B.A. from Princeton University.