Mr. Chaney has 29 years of business experience and a track record of building businesses in the financial services sector. Most recently, he was Chief Executive Officer, President and Director of Hancock Holding Company (NASDAQ: HBHC), the 32nd largest US-based bank holding company and the parent company of Hancock Bank and Whitney Bank.
“We are thrilled to welcome Carl to the JTS team. Having led significant growth at Hancock, particularly during the 2008 credit crisis and through the acquisition of Whitney Bank, he possesses invaluable experience in the financial services sector,” said Jim Sartain, Chief Executive Officer of JTS. “Carl will play a key role at JTS, identifying new investment opportunities as well as funding strategies. His expertise will help enable us to continue building on the success of our credit investing franchise.”
Mr. Chaney held a variety of roles at Hancock Holding Company over a 17-year career with the company. As Chief Executive Officer from 2006 to 2014, he oversaw Hancock’s growth in book equity from $0.6 billion to $3.0 billion and in total assets from $5.9 billion to $20.7 billion. Previously, he was Executive Vice President and Chief Financial Officer from 1998 to 2006. Prior to joining Hancock, Mr. Chaney served as a bank mergers and acquisitions attorney with a large southeast regional law firm.
JTS Capital Group is an alternative asset acquisition and management company, investing and managing capital in the financial services sector. The company acquires and manages loans, loan related assets and real estate in the United States and Europe, and also invests in or acquires financial services companies. JTS Capital Group is based south of Dallas in Waco, TX (www.jtscap.com).
“I am excited to join the JTS team, which is highly regarded in the alternative credit investing industry and has a well-earned reputation as a specialist in acquiring and managing financial assets,” said Mr. Chaney. “The environment for acquiring loans and loan-related assets from commercial banks and other financial institutions is robust, and we believe it will continue to present a range of highly attractive opportunities.”
Mr. Chaney holds a JD and a bachelor’s degree from the University of Mississippi. He serves on the Board of Directors of Mississippi Power Company, where he is Chairman of the Compensation Committee and a member of the Controls and Compliance Committee. He also served on the Board of Directors of the Federal Reserve Bank of Atlanta, New Orleans Branch, having recently completed his final term.
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