Abacus Global Management (NYSE: ABX) announced key leadership appointments effective April 17, 2026, reinforcing experience and continuity across finance and investment functions.
Alexei Solomon was named Chief Accounting Officer and Treasurer with 20+ years of experience and CPA credentials. Elena Plesco becomes Chief Investment Officer after serving as Chief Capital Officer. Samantha Butcher remains President of Abacus Life Solutions; Bill McCauley continues as CFO and COO.
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Alexei Solomon named CAO and Treasurer, bringing 20+ years and CPA credentials
Elena Plesco promoted to CIO after serving as Chief Capital Officer
Leadership continuity: Bill McCauley remains CFO and COO
Business continuity: Samantha Butcher continues as President of Abacus Life Solutions with 20+ years
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Key Figures
Quarter revenue:$56.2MPrior-year revenue:$29.1MQuarter net income:$17.6M+5 more
8 metrics
Quarter revenue$56.2MQuarter ended June 30, 2025; up from $29.1M year earlier
Prior-year revenue$29.1MQuarter ended June 30, 2024; comparison base for growth
Quarter net income$17.6MQuarter ended June 30, 2025; versus $0.65M prior year
Cash balance$74.8MJune 30, 2025; down from $131.9M earlier period
Current long-term debt$117.9MCurrent portion of long-term debt at fair value
Share repurchases$35.1MCommon stock repurchased during the period
Life settlement portfolio$386.1MPortfolio carried at fair value, using Level 3 inputs
Discount rate16%Weighted-average discount rate for life settlement portfolio valuation
Market Reality Check
Price:$1.2913Vol:Volume 100 is far below t...
normal vol
$1.2913Last Close
VolumeVolume 100 is far below the 20-day average of 26,753, suggesting limited pre-news positioning.normal
TechnicalPrice at 1.2913 trades slightly below the 200-day MA of 1.31 and is 32.04% under the 52-week high, yet 79.35% above the 52-week low.
Peers on Argus
No peers in the Investment Advice / Insurance Agencies and Brokerages group were...
No peers in the Investment Advice / Insurance Agencies and Brokerages group were flagged in the momentum scanner, pointing to a stock-specific setup rather than a sector-wide move.
Market Pulse Summary
This announcement centers on key leadership appointments, including a new Chief Accounting Officer a...
Analysis
This announcement centers on key leadership appointments, including a new Chief Accounting Officer and Chief Investment Officer, while maintaining continuity in the CFO/COO and Life Solutions leadership roles. In context, earlier filings reported quarterly revenue of $56.2M and net income of $17.6M, supported by a $386.1M life settlement portfolio valued using Level 3 inputs. Investors may watch how this refreshed team manages cash of $74.8M alongside $117.9M in current long-term debt.
Key Terms
alternative asset management, asset-backed portfolios, Form 15, Section 12(g), +4 more
8 terms
alternative asset managementfinancial
"Abacus Global Management, Inc. ... a leader in the alternative asset management industry"
Alternative asset management is the business of selecting and overseeing investments that lie outside mainstream stocks and bonds — things like real estate, private companies, hedge funds, commodities, infrastructure, or collectibles. For investors it matters because these assets can behave differently than public markets, acting like a separate lane in a portfolio that can reduce overall risk, boost returns, or provide income, but they often come with higher fees, less transparency and lower liquidity (harder to sell quickly).
asset-backed portfoliosfinancial
"she originated and managed multi-billion-dollar asset-backed portfolios"
A collection of loans, receivables, or other financial assets that have been bundled together and used as the underlying collateral for investments. Think of it like a box of different IOUs that investors buy a piece of; payments from the original borrowers flow through the box to investors, so its performance affects income stability and risk exposure, making it important for assessing yield, credit quality and potential losses.
Form 15regulatory
"filed a Form 15 certifying termination of its registration under Section 12(g)"
A Form 15 is a short filing a public company uses with the U.S. Securities and Exchange Commission to stop or pause its routine public reporting requirements when it meets certain legal thresholds (such as a low number of public shareholders) or other qualifying conditions. Investors should care because filing one typically means less public financial information and lower trading liquidity—similar to a shop taking down its public notice board, making it harder to track performance and buy or sell shares.
Section 12(g)regulatory
"termination of its registration under Section 12(g) of the Securities Exchange Act"
Section 12(g) is a rule that requires companies to register with the government and share their financial details when they have a certain number of shareholders or assets. It matters because it makes these companies more transparent, helping investors make informed decisions and keeping the markets fair.
warrantsfinancial
"lists warrants, each whole warrant exercisable for one share of common stock"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
exercise pricefinancial
"each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Senior Notesfinancial
"9.875% Fixed Rate Senior Notes due 2028 as classes for which the duty to file reports remains"
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
Level 3 inputstechnical
"valuations use Level 3 inputs with a weighted-average discount rate of 16%"
Level 3 inputs are the assumptions and estimates a company uses to value assets or liabilities when there is no observable market price, so the valuation relies heavily on internal models and judgment. For investors this matters because these valuations are less verifiable and more subject to error or bias—like estimating the value of a unique vintage car versus checking a price list—and can materially affect reported earnings and balance-sheet strength.
AI-generated analysis. Not financial advice.
ORLANDO, Fla., April 21, 2026 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. (“Abacus” or the “Company”) (NYSE: ABX), a leader in the alternative asset management industry, today announced several key leadership appointments effective April 17, 2026, reflecting the continued growth and organizational development of the Company.
Alexei Solomon, CPA, has been appointed Chief Accounting Officer and Treasurer. Mr. Solomon brings over 20 years of accounting and finance experience and currently serves as the Company’s Director of SEC Reporting & Technical Accounting, with prior roles at Verizon and Vistana Signature Experiences. He is a licensed Certified Public Accountant with experience across telecommunications, hospitality, and financial services.
Elena Plesco has been appointed Chief Investment Officer. Ms. Plesco brings over 15 years of finance and investing experience, most recently serving as Chief Capital Officer of the Company. Prior to Abacus, she served as Co-Head of Specialty Finance at KKR, where she originated and managed multi-billion-dollar asset-backed portfolios, and previously worked in the investment banking division of J.P. Morgan.
Samantha Butcher will continue to serve as President of Abacus Life Solutions. Ms. Butcher has been with Abacus for over 20 years and oversees all aspects of the Company’s policy lifecycle, from origination through final contracting and servicing.
Bill McCauley will continue to serve as Chief Financial Officer and Chief Operating Officer of the Company.
Jay Jackson, Chief Executive Officer of Abacus, commented, “These appointments reflect the caliber of the team we have built at Abacus. Bill, Elena, Samantha, and Alexei each bring exceptional expertise and a deep commitment to our mission—and I couldn’t be more proud to see them step into these roles. They have earned it, and I know the best is still ahead.”
About Abacus
Abacus Global Management (NYSE: ABX) is a leading financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide.
Robert F. Phillips – SVP Investor Relations and Corporate Affairs rob@abacusgm.com (321) 290-1198
David Jackson – Managing Director of Investor Relations david@abacusgm.com (321) 299-0716
Abacus Global Management Public Relations press@abacusgm.com
FAQ
Who was appointed Chief Accounting Officer and Treasurer at Abacus (ABX) on April 17, 2026?
The company appointed Alexei Solomon as Chief Accounting Officer and Treasurer, bringing over 20 years of accounting and finance experience. According to the company, he is a licensed CPA and previously led SEC reporting and technical accounting functions.
What is Elena Plesco's new role at Abacus (ABX) and what experience does she bring?
Elena Plesco was appointed Chief Investment Officer after serving as Chief Capital Officer. According to the company, she has 15+ years in finance, managed multi-billion-dollar asset-backed portfolios at KKR, and worked in J.P. Morgan's investment banking division.
Will Abacus (ABX) change its CFO or COO following the April 17, 2026 appointments?
No—Bill McCauley will continue to serve as Chief Financial Officer and Chief Operating Officer. According to the company, this maintains financial and operational leadership continuity during the organizational update.
What role does Samantha Butcher hold at Abacus (ABX) after the April 17, 2026 announcement?
Samantha Butcher will continue as President of Abacus Life Solutions, overseeing the policy lifecycle from origination to servicing. According to the company, she has been with Abacus for over 20 years and leads policy operations.
When did Abacus (ABX) make these leadership appointments and are they already effective?
The appointments are effective April 17, 2026, and were announced April 21, 2026. According to the company, the changes reflect organizational growth and were implemented on that effective date.
How do these leadership changes at Abacus (ABX) affect investors' view of management stability?
The appointments emphasize experienced internal leadership and operational continuity, which may reassure investors about stability. According to the company, multiple senior leaders have long tenures and relevant industry experience.
