The European Life Settlement Association (ELSA) announces this week that its Membership Committee has approved the membership application of DRB Capital, LLC.
DRB Capital (DRB) is a leading provider of liquidity solutions for consumers and businesses that require cash for a variety of high quality, but illiquid asset classes. The firm’s primary focus is on the purchasing of annuity and structured settlement payments. The firm was founded by industry veterans with decades of experience in serving these markets and developing new markets. The management team is continuously innovating and bringing new options to consumers and small/medium sized businesses alike.
Founded in 2009, ELSA represents European funding sources, service providers and intermediaries in the life settlement market who are looking to promote transparency by providing accurate and authoritative information to investors, regulators and the media. The association’s focus is on the promotion of best practices and the positive development of the European life settlement industry’s reputation amongst all stakeholders.
Alec Taylor, ELSA Chair, said ‘On behalf of its staff and all its members, I would like to extend a very warm welcome to the association. It’s great to have a company of DRB’s standing and reputation as a new member.’
Jason Sutherland, DRB’s Director of Capital Markets commented, ‘Being a member of ELSA is further recognition that DRB has become a leading player in this market, not only in North America but Europe as well.’
ELSA members must comply with the association’s Code of Practice which is a comprehensive framework that ensures the highest professional and ethical standards within the industry and protection of the interests of investors in the asset class.