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GoldenTree Asset Management Hires Tom Humphrey as Partner, Executive Committee Member

"I have known Tom Humphrey for many years and have always been impressed by his stellar reputation in financial services and his accomplishments in global fixed income and building market leading distribution businesses," said Steven Tananbaum, CEO and Chief Investment Officer. "He's a proven winner and I am certain that he can help grow and develop our franchise. I'm thrilled that he's chosen to make his home at GoldenTree."

Mr. Humphrey joins GoldenTree following a 24-year career at Lehman Brothers/Barclays Capital where he played a leading role in the integration of the two firms following Barclays' acquisition of Lehman's North American operations in 2008. At Barclays he most recently served as Managing Director, Head of Fixed Income Distribution Americas, as well as Head of Global Commodities Sales. He was also a member of the Americas Management Committee.

Mr. Humphrey joined Lehman Brothers in 1986, rising to the position of Global Head of Credit Sales in 1998. In 2000 he assumed additional responsibility for high yield and emerging market sales globally. In 2003, he became Head of Global Fixed Income Sales, overseeing a workforce of some 750 professionals across the Americas, Asia, Europe and the Middle East.

"GoldenTree is well known for the strength of its credit markets investing, an area in which Tom has worked his entire career. I'm looking forward to the firm benefiting from his deep experience in the fixed income markets and client strategy," said Robert Matza.

"I have had the privilege of knowing Steve Tananbaum and the team at GoldenTree since the firm's inception," noted Tom Humphrey. "My confidence in their investment management process and the proven track record of success provided great motivation for my joining. The opportunity to grow the firm's global market position is a challenge that I am excited to be a part of. GoldenTree's core values and commitment to their clients is consistent with everything I believe in and will insure our continued success."

Mr. Humphrey holds a Bachelor's degree in Political Science from Fordham University. He is a member of the Board of Trustees of St. Davids School in New York City, as well as a member of the Fordham University Presidents Council Executive Committee.

About GoldenTree Asset Management

GoldenTree Asset Management, an investment advisor with offices in New York, London, Luxembourg, and Seoul, invests in bank debt, high yield bonds, distressed debt, real estate and equities. GoldenTree manages approximately $11 billion as of February 1, 2010, and the firm has more than 200 employees. For further information regarding GoldenTree, please visit their Web site at http://www.goldentree.com.

Middleberg Communications
Scott Sunshine
Andrew Healy
212-354-5020