Mr. Angel L. Morales (41) currently serves as a Senior Advisor and Equity Investment Partner for Star Mountain Capital, an investment firm focused on the small and medium-sized business marketplace. He is also an Advisory Board member of Aeolus Capital Management, a firm that manages capital for large institutional investors in the property catastrophe insurance market. Mr. Morales previously served as Managing Partner of North Cove Partners, a firm he co-founded to manage and monetize Bank of America’s $6 billion private equity portfolio Mr. Morales served as Managing Director and co-Head of BAML Capital Partners, the internal private equity group of Bank of America Merrill
Lynch. He joined Merrill Lynch’s Global Private Equity group in 1996 as a member of the founding team. He has worked with early-stage businesses, middle-market companies as well as Fortune 500 firms in the United States and abroad. Mr. Morales was responsible for ten transactions during his career at Bank of America Merrill Lynch that generated a total profit of $1.3 billion and an Internal Rate of Return of 21%. Mr. Morales’ investments while at North Cove generated an Internal Rate of Return of 26%.
Mr. Morales served as a Director and Executive Committee member of The Hertz Corporation from 2010 to 2013. Hertz is a leading global car and equipment rental company that is publicly traded in the U.S. He also served as a Director and Strategic and Nomination Committee member of Rexel S.A. from 2011 to 2013. Rexel is a leading global electrical equipment distributor that is publicly traded in France. Mr. Morales also served as a Director and Audit Committee Chair of Aeolus Re, the predecessor of Aeolus Capital Management.
Mr. Morales previously served on a number of other Boards of Directors including: (i) Nuveen, a leading asset manager with more than $200 billion of Assets Under Management that was sold to TIAA-CREF; (ii) Definity Health Corporation, the pioneer in consumer-driven healthcare benefit programs and a firm that was sold to UnitedHealth; (iii) Sentillion, a leading healthcare information technology company that was sold to Microsoft; and (iv) National Powersport Auctions, a middlemarket auctioneer of motorcycles and other powersports. Following his service on these Boards, Mr. Morales became a member of the Latino Corporate Directors Association, an organization with the mission to increase the number and influence of Latinos on corporate Boards.
Mr. Morales serves as a Director, Executive Committee member and Chair of the Finance and Investment Committee of the National Hispanic Scholarship Fund, the nation’s largest not-for-profit organization supporting Latino higher education. He also serves as a Director of the Posse Foundation, one of the most comprehensive and renowned college access programs in the U.S. Mr. Morales is also
a Founding Board member of Go To College NYC, an organization that supports and helps place high achieving Latino and African-American students from New York City into leading universities. He is also a Founding member of the proposed Board of Trustees of the Urban Assembly Charter School for Computer Science in the South Bronx. Mr. Morales previously served as a Trustee and Finance Committee member of the Oliver Scholars Program, an organization that prepares gifted Latino and African-American students for success at leading independent high schools and prestigious colleges. He also previously served on the Board and Finance Committee of the Bronx Preparatory Charter School.
Mr. Morales holds an MBA from Harvard Business School and a BA in Economics from Harvard University. He lives on the Upper West Side of Manhattan with his wife Cassey, his daughter Gabriela (6) and his son Daniel (5).
As the proud father of a four-year old girl and a three-year old boy, nothing inspires me more than the thought of the millions of well-educated, proud Latinos that will define this country’s future. I want my children to know that their grandparents were born and raised in Cuba, Puerto Rico and Ecuador, and to appreciate why that history makes them special. I want them to be proud of their home and their family, proud of their grandparents who didn’t graduate from high school or speak English, yet made it possible for their parents to attend the best universities in the world. And I want my children – and ALL Latino children – to carry on the proud legacy of the Latino generations before them.