Key Takeaways
- • Steven J. Renehan, CEO of Solus Alternative Asset Management, appointed to Saint Michael's College Board of Trustees for a three-year renewable term, with first board meeting attended October 11-13.
- • Renehan, a 1981 Saint Michael's graduate and Summit, NJ resident, brings over 20 years of finance experience across tier-one institutions including Salomon Brothers, First Boston, Merrill Lynch (Managing Director, Global Head of Credit Trading), and Deutsche Bank (Managing Director, Head of High-Yield Sales, Trading and Research).
- • Renehan founded Solus Alternative Asset Management in 2007 and previously served on Saint Michael's Investment Advisory Committee; named Alumnus of the Year in 2006.
- • Board appointment reflects continued institutional engagement by alternative asset management leadership in higher education governance and reflects alignment between Renehan's career trajectory and institutional funding priorities.
Summary
Steven J. Renehan, Chief Executive Officer of Solus Alternative Asset Management based in New York, has been appointed to the Board of Trustees at Saint Michael's College in Vermont. Renehan, a 1981 graduate of the institution and resident of Summit, New Jersey, accepted a three-year term on the board, renewable for an additional two terms, and participated in his inaugural board meeting during the October 11-13 session.
Renehan brings substantial institutional finance credentials to the trustee position. His 20-year finance career spans senior roles at marquee investment banks: Salomon Brothers (1984–1988), First Boston Corporation (1988–1991), Merrill Lynch where he held the title of Managing Director and served as Global Head of Credit Trading (1991–1999), and Deutsche Bank where he was Managing Director and Head of High-Yield Sales, Trading and Research (1999–2006). He founded and has led Solus Alternative Asset Management since 2007.
His appointment recognizes established commitment to Saint Michael's. Renehan was previously named the college's Alumnus of the Year in 2006 and has served on the institution's Investment Advisory Committee for several years. In a statement, Renehan emphasized the formative role Saint Michael's played in his career success: "I feel very fortunate in life, and when I look back at the factors in that success, it starts with St. Mikes," and acknowledged his appointment as an opportunity to "give back to the community that started me on a path toward personal and professional success."
Renehan is married to Deirdre Duggan Renehan, also a 1981 Saint Michael's graduate, and has three children: Brendan, Meghan, and Mary Kate. His board service reflects a pattern of senior alternative asset management executives maintaining governance roles in educational institutions, particularly those with endowment management and investment oversight responsibilities.
Renehan brings substantial institutional finance credentials to the trustee position. His 20-year finance career spans senior roles at marquee investment banks: Salomon Brothers (1984–1988), First Boston Corporation (1988–1991), Merrill Lynch where he held the title of Managing Director and served as Global Head of Credit Trading (1991–1999), and Deutsche Bank where he was Managing Director and Head of High-Yield Sales, Trading and Research (1999–2006). He founded and has led Solus Alternative Asset Management since 2007.
His appointment recognizes established commitment to Saint Michael's. Renehan was previously named the college's Alumnus of the Year in 2006 and has served on the institution's Investment Advisory Committee for several years. In a statement, Renehan emphasized the formative role Saint Michael's played in his career success: "I feel very fortunate in life, and when I look back at the factors in that success, it starts with St. Mikes," and acknowledged his appointment as an opportunity to "give back to the community that started me on a path toward personal and professional success."
Renehan is married to Deirdre Duggan Renehan, also a 1981 Saint Michael's graduate, and has three children: Brendan, Meghan, and Mary Kate. His board service reflects a pattern of senior alternative asset management executives maintaining governance roles in educational institutions, particularly those with endowment management and investment oversight responsibilities.
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