New York City, July 10, 2023. CAVU Securities, LLC, (“CAVU”) a minority and veteran-owned broker-dealer firm has formed a strategic partnership with veteran economist Mark Vitner of Piedmont Crescent Capital, an independent economic consulting firm. This collaboration aims to provide CAVU clients with unparalleled economic analysis and insights, empowering them to make informed financial decisions in an ever-changing economy.
As part of this partnership, CAVU and Piedmont Crescent Capital will produce comprehensive reports encompassing a wide range of critical topics, including monetary policy, employment conditions, interest rates, consumer spending, and inflation. These reports will serve as invaluable resources for clients seeking to better understand and successfully navigate today’s complex economy.
“Partnering with CAVU is a perfect fit. Their commitment to supporting veterans and giving back to the community is important to me personally,” said Mark Vitner. “Beyond this, I am excited to partner with the CAVU team to provide economic analysis and insights to their clients.”
After 30 years at Wells Fargo’s Corporate and Investment Bank as managing director and senior economist, Mark Vitner recently founded Piedmont Crescent Capital. At his new firm, Mark provides analysis of the macroeconomy to clients throughout the country and produces reports on the US economy, local economies, small businesses, and residential and commercial real estate.
Originally from Atlanta, Mark earned a BBA in economics from the University of Georgia, an MBA from the University of North Florida, and completed further graduate work in economics at the University of Florida. Mark is a National Association of Business Economics member and completed the NABE Advanced Training in Economics Program at Carnegie Mellon University. He is also a member of NABE’s inaugural Certified Business Economist class.
CAVU Securities’ capital markets group has seen tremendous growth since its re-emergence at the beginning of 2022. CAVU has co-led and co-managed multiple issues for Fortune 500 corporations in 2022 and 2023, including investment-grade debt and securitizations. As a part of CAVU’s social impact strategy- that ties gross revenue from business lines to giving back- nearly $200,000 in donations to non-profit partners have been allocated via the CAVU Capital Markets Commitment since inception.
CAVU has partnered with Piedmont Crescent Capital to add further value to capital markets clients by offering vital and relevant macroeconomic reporting on a consistent basis.
“Mark Vitner is a veteran economist and we are thrilled to partner with him and Piedmont Crescent Capital to produce meaningful and valuable macroeconomic commentary,” said Greg Parsons, CEO of CAVU. “Mark brings a wealth of knowledge and expertise that is unmatched. CAVU looks forward to sharing our collaborative insights with clients so they can make more informed decisions.”
Mark is active in the community, co-founding the Charlotte NABE chapter and serving as board chair for the Foundation for the Charlotte Jewish Community. Mark also chaired the Economic Advisory Council for the California Chamber of Commerce for several years and currently serves on the Joint Advisory Board of Economists for the Commonwealth of Virginia. His commentary has been featured in The New York Times, The Wall Street Journal, Bloomberg, and many other publications. Mark also makes frequent guest appearances on CNBC and other major networks.
About CAVU Securities
CAVU Securities is a certified minority and veteran-owned and operated broker-dealer firm that offers best-in-class products and services while making a meaningful impact on underrepresented and veteran communities.
The CAVU Capital Markets Commitment
The CAVU Capital Markets Commitment is a pledge whereby CAVU donates the first 10% of its gross revenue from capital markets transaction deal fees to organizations in the veteran and underserved communities that are making a difference.
Media Contact:
Sharron L. Todd
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(212) 916-3840