Philip Annacone joined Corporate Fuel in 2014 and is responsible for supporting the mergers & acquisitions, debt & equity capital advisory and private equity activities of the firm. He has advised on assignments and transactions that span various industries, including food & ingredients manufacturing, import & distribution, consulting, financial technology and building products. Prior to joining the Corporate Fuel team, he worked in the brokerage services industry, most recently with New York Life Insurance Company. Philip is a CFA® charterholder and holds FINRA Series 7 and 63 licenses.
A graduate of Northeastern University, Philip earned a Bachelor of Science Degree from the College of Business Administration, concentrating in Finance. His finance and accounting background includes undergraduate positions at MFS Investment Management and Utility Risk Management Corporation as a part of his degree at Northeastern. He graduated Magna Cum Laude and enjoyed playing hockey and soccer at the intramural and club levels.
Recently from Philip:
The impact of Reference Rate reform – Transition from LIBOR to SOFR
Posted December 05, 2019 by Philip Annacone
For commercial borrowers, the most significant change in several decades will impact loan pricing over the next several years. Already underway is a global transition away from referencing the London Interbank Offered Rate, or LIBOR, and toward new reference rates that are more reliable. The use of LIBOR as an international benchmark will likely cease in late 2021. In 2014, as LIBOR’s future became uncertain, the Fed embarked on a plan to ensure such a transition runs smoothly. It has since outlined a Paced Transition Plan timeline in detail and selected the Secured Overnight Financing Rate (SOFR) as the rate that represents best practice for use in US dollar financial contracts, while providing useful guidelines for the implementation of SOFR along the way.
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