Waterfall Asset Management Names James Cuby as Partner

Waterfall Asset Management (NYSE:RC) named James Cuby as a Partner, effective July 1, 2026.

Rhea-AI Summary

Waterfall Asset Management (NYSE:RC) named James Cuby as a Partner, effective July 1, 2026. Based in London, Cuby is Head of Europe and leads Waterfall’s European business.

He joined Waterfall in 2016 and has over 25 years of credit and structured finance investing experience.

Positive

• Appointment of Head of Europe James Cuby as Partner effective July 1, 2026
• Leadership of European business centralized under a Partner with 25+ years experience
• European platform growth supported by executive with background at Investec, Prytania, and S&P

Negative

• None.

Argus Jun 23 session

+5.00% close to close Open Argus

Details

News Market Reaction – RC

On Jun 23, the day this news came out, RC closed 5.00% above the previous close.

Data tracked by StockTitan Argus for the Jun 23 session.

Key Figures

Share price: $1.60 1-day price change: -8.57% Market cap: $289,133,374 +5 more

Share price

$1.60

Prior close before leadership announcement

1-day price change

-8.57%

Change over prior 24 hours before article

Market cap

$289,133,374

Equity value prior to announcement

52-week high

$4.75

Trailing 12 months

52-week low

$1.50

Trailing 12 months

Short interest

14.12%

Reported as of 2026-05-29

Days to cover

12.37

Based on recent trading volume

Partnership effective date

July 1, 2026

James Cuby named Partner at Waterfall

Historical Context

5 past events · Latest: Jun 15

5 events

1. Jun 15

   Dividend declaration

   24h Move

   -2.9%

   Board declared Q2 2026 dividends on common and preferred shares.

2. May 07

   Earnings results

   24h Move

   -12.5%

   Reported Q1 2026 GAAP and distributable losses and rising delinquencies.

3. May 01

   Earnings preview

   24h Move

   -4.1%

   Announced timing and access details for Q1 2026 earnings release and call.

4. Apr 01

   Business update

   24h Move

   +1.9%

   Provided update on de‑leveraging, CRE loan sales, CLO collapse and note redemption.

5. Mar 27

   Loan origination

   24h Move

   -5.0%

   Originated $19.5M loan to finance acquisition of Greenwich Village retail asset.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

asset-backed credit, structured finance, portfolio manager, credit rating analyst

4 terms

asset-backed credit financial

"focused on specialty finance opportunities within asset-backed credit, whole loans"

A financing arrangement in which a lender provides credit that is secured by a specific pool of underlying assets—such as loans, receivables, inventory, or property—so the lender can seize or collect those assets if the borrower defaults. For investors, asset-backed credit matters because the quality and liquidity of the pledged assets drive how risky the loan is and what yield it must offer; think of it as borrowing against a bundled set of collateral rather than just a single item.

structured finance financial

"experience in credit and structured finance investing. Prior to joining Waterfall"

Structured finance is a way of turning a group of financial assets — like loans, mortgages, or receivables — into new investment products by pooling them together and slicing that pool into pieces with different levels of risk and return. For investors, it matters because these products can offer higher yields or tailored risk exposure than plain stocks or bonds, but they can also hide complexity and sensitivity to the underlying assets’ performance, so understanding what you own is key.

portfolio manager financial

"Previously, he was a Partner and Portfolio Manager at Prytania Advisors LLP"

A portfolio manager is the professional who picks and oversees a collection of investments—such as stocks, bonds, and cash—on behalf of individuals or institutions. They make decisions about which assets to buy, hold or sell and how much risk to take, like a ship captain steering through changing weather; their choices shape an investor’s potential returns, losses and the steadiness of the investment experience.

credit rating analyst financial

"and a Credit Rating Analyst in the Structured Finance Group at S&P"

A credit rating analyst evaluates how likely a borrower — such as a company, bank, or government — is to pay back its debts and assigns a clear-grade assessment of that creditworthiness. Investors use these assessments like a weather report for risk: the grade helps set expected returns, influences bond prices and borrowing costs, and guides whether a debt investment seems safe or too risky.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, June 23, 2026 /PRNewswire/ -- Waterfall Asset Management ("Waterfall" or the "Firm"), an alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, and real assets, today announced that James Cuby has been named a Partner at the Firm, effective July 1.

Cuby, who is based in London and serves as Head of Europe, joins the Firm's partnership group in recognition of his leadership, contributions to the growth of Waterfall's European business and commitment to the Firm's long-term success.

"We are pleased to welcome James as a Partner and acknowledge his role in the ongoing growth and success of Waterfall," said Jack Ross, Managing Partner and Co-Founder of Waterfall Asset Management. "James has demonstrated strong leadership in helping expand our European business and embodies the collaborative and entrepreneurial culture that defines our Firm. As we pursue opportunities across global asset-oriented markets, James will be instrumental in supporting our clients."

"James brings deep expertise across credit markets and has been an important contributor to the development of our investment platform in Europe," said Keerthi Raghavan, Partner and Co-Chief Investment Officer at Waterfall Asset Management. "His thoughtful approach to investing, strong market insight and commitment to our clients have helped strengthen our capabilities across the region."

As Head of Europe, Cuby is responsible for leading Waterfall's business across the region and helping identify and execute investment opportunities across European markets. Since joining the Firm in 2016, he has played an important role in expanding Waterfall's presence in Europe, strengthening relationships across the market and supporting the continued growth of the Firm's investment platform.

Cuby has more than twenty-five years of experience in credit and structured finance investing. Prior to joining Waterfall, he established and co-headed the Credit Trading and Investments team at Investec Bank PLC. Previously, he was a Partner and Portfolio Manager at Prytania Advisors LLP and a Credit Rating Analyst in the Structured Finance Group at S&P in London. He earned a bachelor's degree in economics with honors from City University of London.

About Waterfall Asset Management

Waterfall Asset Management is an alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, and real assets. Founded in 2005, the firm utilizes a relative value approach for sourcing and investing in the private and public markets, across 60+ sectors of the asset-based finance arena. Through this multi-sector specialization, Waterfall seeks to provide its clients a compelling risk/return profile which is generally uncorrelated to most traditional investment opportunities. Waterfall is also the external manager to Ready Capital Corporation (NYSE: RC), a multi-strategy real estate finance company and small business lender. Waterfall is headquartered in New York City, with additional offices in London and Dublin. As of March 31, 2026, Waterfall had approximately $12.1 billion in assets under management. To learn more, please visit www.waterfallam.com.

Media Contact
Prosek Partners
Pro-waterfallpr@prosek.com

View original content:https://www.prnewswire.com/news-releases/waterfall-asset-management-names-james-cuby-as-partner-302807258.html

SOURCE Waterfall Asset Management

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What management change did Waterfall Asset Management (NYSE:RC) announce on June 23, 2026?

Waterfall announced that James Cuby has been named a Partner, effective July 1, 2026. According to Waterfall, Cuby is Head of Europe and leads the firm’s business and investment opportunities across European credit markets.

Who is James Cuby, the new Partner at Waterfall Asset Management (NYSE:RC)?

James Cuby is Head of Europe at Waterfall and now a Partner. According to Waterfall, he has over 25 years in credit and structured finance, with prior roles at Investec Bank, Prytania Advisors, and S&P in London.

What experience does James Cuby bring to Waterfall Asset Management (NYSE:RC)?

James Cuby brings more than 25 years of credit and structured finance investing experience. According to Waterfall, he previously co-headed Credit Trading and Investments at Investec Bank and held senior roles at Prytania Advisors and S&P’s Structured Finance Group.

What is James Cuby’s role as Head of Europe at Waterfall Asset Management (NYSE:RC)?

As Head of Europe, Cuby leads Waterfall’s business across the region. According to Waterfall, he is responsible for identifying and executing investment opportunities in European markets and supporting the growth of the firm’s asset-backed and credit investment platform.

When does James Cuby’s Partner role at Waterfall Asset Management (NYSE:RC) become effective?

James Cuby’s appointment as Partner at Waterfall is effective July 1, 2026. According to Waterfall, this recognizes his leadership, contribution to the growth of the European business, and commitment to the firm’s long-term success in asset-oriented markets.

How has James Cuby contributed to Waterfall Asset Management’s (NYSE:RC) European growth?

James Cuby has helped expand Waterfall’s presence across European credit markets. According to Waterfall, he has strengthened market relationships, developed the firm’s European investment platform, and supported the ongoing growth of its asset-backed and whole-loan strategies in the region.