Michael J. Smith Promoted to Chief Operating Officer

PRLog (Press Release) - Aug. 21, 2011 - New York, NY - Granite Springs Asset Management LLC is pleased to announce that Michael J. Smith is now Chief Operating Officer.  "Michael has demonstrated strong management capabilities over the past year, in addition to excellent portfolio management acumen, and he continues to grow with the firm," says Patrick Smith, CEO of Granite Springs Asset Management LLC.  "Michael adds great depth to our management team and investment committee, and I am confident that he will be an integral part of our success going forward."

Michael J. Smith joined Granite Springs Asset Management LLC in August 2010 as a principal and Senior Vice President of Institutional Marketing.  Mr. Smith has worked in private client banking and investment management since 2000.  Prior to joining Granite Springs, he was a Financial Advisor with J.P. Morgan Chase Bank for more than six years. He also held positions with E*Trade Financial and Commerce One Financial.

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About Granite Springs Asset Management LLC
Granite Springs Asset Management LLC manages investment portfolios for private clients, family offices, foundations, pension plans and other institutions. Granite Springs specializes in ETF-based tactical asset allocation strategies, as well as ETF-based and traditional fixed income portfolio management. For more information about Granite Springs Asset Management LLC send an email to info@granite-springs.com or visit http://www.granite-springs.com