Jon
B. Kutler is Chairman, Chief Executive Officer
and Founder of Admiralty Partners. Based in Los
Angeles, he is responsible for the strategic direction
of the firm and its portfolio of investments.
Mr. Kutler began his investment-banking and
private equity career on Wall Street in 1984,
after serving ten years in various positions in
the U.S. Navy. He has worked with Goldman Sachs,
The First Boston Corporation and was Managing
Director in charge of the West Coast office and
international aerospace/defense practice of Wasserstein,
Perella & Co., an international merchant-banking
firm.
As the Cold War waned, he foretold a paring
of global aerospace and defense spending and
resultant
glut of capacity that would idle the entire sector,
threatening both the security and economy of
the
victors. In a January 1990 issue of Aviation Week and Space Technology magazine, Kutler
called for “an
aggressive merger-and-acquisition environment” to
forestall a high-stakes game of musical chairs
for survival. Within months, the resultant merger
and acquisition activity caused the sector to
burst into an era of competition, efficiency
and profitability.
In 1992 he founded the Quarterdeck Family of
Companies, including Quarterdeck Investment
Partners,
Inc.; Quarterdeck Investment Partners, LLC and
Quarterdeck Investment Partners, Ltd. (both
now
operating as Jefferies Quarterdeck); Quarterdeck
Equity Partners, Inc. and Quarterdeck Public
Equities,
LLC. In March 2006, Kutler resigned as Chairman,
Chief Executive Officer and Founder of Jefferies
Quarterdeck (a division of NYSE traded investment
bank Jefferies & Company, Inc.) to focus 100%
of his efforts in private equity investments
under the Admiralty Partners, Inc. banner.
Mr. Kutler is a nationally recognized expert
in the field of aerospace and defense. His articles
on consolidation, restructuring and defense conversion
have appeared in Business Week, The New York
Times, Fortune, The Los Angeles Times, Defense
News and Aviation Week & Space Technology.
Mr. Kutler has testified before numerous Congressional
committees with regard to the driving forces and
implications of the ongoing consolidation of the
defense and aerospace contractor base. In addition,
he has served as Chairman of the White House Small
Business Task Force on Defense Conversion and
as a member of an advisory panel established by
the Congressional Office of Technology Assessment
to evaluate the status of the space launch vehicle
industry. Mr. Kutler is a Trustee of the California
Institute of Technology and serves as Vice Chairman
of the Jet Propulsion Laboratory Subcommittee.
Mr. Kutler is a graduate of the United States
Naval Academy and holds a Bachelor of Science
degree in Naval Architecture. He received his
master's of business administration degree from
Harvard University.
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