FEBRUARY 14, 2025 — MELVILLE, N.Y. – American Veterans Group is expanding its suite of services to include the structuring and marketing of asset-backed securities (ABS) and residential mortgage-backed securities (RMBS). The new capabilities are being developed by the newest member of the firm’s team, Ekele Erondu.

Erondu, who joins AVG as Director of ABS Capital Markets, brings to the firm expertise in ABS and RMBS deal execution, including securitizing residential transitional loans and traditional residential mortgages.

American Veterans Group is a veteran-owned securities broker dealer and Wall Street’s first and only public benefit corporation. The company dedicates 25% of its earnings to support veteran-focused non-profits across the U.S. and advocates through its philanthropy for the hiring of veterans and their family members as they transition from military service to civilian life.

“Ekele has a proven track record, leading all aspects of ABS deals, including structuring, cash flow modeling, legal documentation, due diligence, marketing, pricing, and execution,” said Ben Biles, Co-Founder and Chief Executive Officer of AVG. “With a strong background in managing complex transactions and optimizing funding structures, Ekele has built robust relationships with internal and external stakeholders, including rating agencies, bankers, and investors. We’re fortunate to have him on the team to expand our capabilities in this important and promising area.”

Erondu has more than 10 years of expertise in investment banking, capital markets, structured finance, and securitization. Prior to joining AVG, he was Vice President of Capital Markets for Performance Trust Capital Partners, which offers a wide range of financial advisory and investment banking services for financial institutions. He also served in a capital markets role for Southern California Edison and was a whole loan trading and investment associate for MetLife Investments. He has an MBA in finance and economics from Carnegie Mellon University.

About American Veterans Group 

American Veterans Group, PBC, is a military veteran-owned, social impact-focused securities broker dealer that delivers value to institutional clients while providing meaningful philanthropic support to the military veteran community. The company reinvests 25% of its earnings in national and local military veteran nonprofit organizations that provide worthy services and support to one of America's most vulnerable, at-risk populations. As Wall Street's only public benefit corporation, American Veterans Group empowers institutional clients to partner in its social mission while enabling them to remain focused on key business objectives and goals. To learn more about American Veterans Group, visit their website at www.americanvetsgroup.com. 

Media Contact: 

Mark Kroeger 

The Boldsquare Group 

(513) 236-3109 

Mark@boldsquare.com