Peacock Financial evolved from the real estate development field a number of years ago. Under Peacock's guidance, the firm refocused on investing in incubator companies starting up in various industries such as high technology, real estate and automotive.With Peacock's departure, interim president Robert Braner says the company's business plan is being revamped to reflect an investment banking strategy, in which the firm will concentrate on acquiring businesses. Braner expects to announce the company's first acquisitions during the first quarter of the year."I'm looking forward to being an active part of the company's new focus, and it is my intent to make a strong contribution toward the building of share value," Teder says.

A graduate of Northwestern University with a degree in business, Teder specializes in developing new business plans, operational analysis, turnarounds, due diligence, retail administration and international franchising.

Teder has extensive background in the restaurant business, having worked for Dick Clark Productions' American Bandstand Grills, and for Al Copeland Enterprises, where he was responsible for overseeing operation, real estate, marketing, construction, training and franchise services for the restaurant conglomerate.