NEWPORT BEACH, CA-Axxcess Capital LLC has formed to providenationwide investment banking and advisory services and has namedformer Greystone & Co. exec Elliot Spiro as CEO of the newfirm. Spiro was previously senior managing director responsible formergers and acquisitions at Greystone, a New York City-basedprivate investment firm with over $15 billion under management.

As CEO, Spiro will oversee the holding company Axxcess CapitalLLC and its third-party private placement firm, Axxcess CapitalPartners LLC in providing senior level corporate strategy, capitalraise and liquidity execution for US real estate, hedge fund,specialty finance and alternative investment sponsors. TimSnodgrass, president of Axxcess Capital, notes that Spiro "hasassisted a long and diverse list of companies in raising capitaland restructuring themselves in very challenging environments."

Spiro will divide his time between the Axxcess headquarters inNewport Beach and its Manhattan office. He will be one of the fourprincipals of the firm along with Snodgrass, chairman Dick Gee andchief operating officer Craig Morris. Commenting on today's capitalmarkets, Spiro says, “Today, with a scarcity of capital fromconventional sources, there are a number of sponsors of blue chipinvestment products who can use our capital and market through ournationwide network of broker-dealers and registered investmentadvisers."