Edward G. Cape, Ph.D President and Founder , AAF Managing Partner, The Sapphire Group LLC New York, NY
Edward G. Cape, Ph.D. is the Managing Partner and Founder of The Sapphire Group LLC, a holding company in New York City with assets in healthcare, interactive media, energy, and security. The firm also maintains a generalist restructuring/turnaround practice. Prior to starting The Sapphire Group (2002), Cape was an Investment Banker at UBS Warburg (healthcare financing, mergers & acquisitions); prior to UBS Warburg, was Founding Director of the Cardiac Dynamics Laboratory at Children's Hospital of Pittsburgh and faculty member at the University of Pittsburgh, with appointments in Chemical & Petroleum Engineering, and Medicine (Pediatric Cardiology); consulted for numerous companies (large-cap to start-ups). During his academic period, he published over 40 articles in peer-reviewed journals, seven textbook chapters, over 100 conference abstracts, and a Harvard Teaching Case (Disruptive Technologies); won the Young Investigator of the Year Award of the American Society of Echocardiography; conducted research on cross-border technology diffusion in the global economics division of Merrill Lynch; and studied chemical engineering unit operations at University College London. Cape has B.S. and Ph.D. degrees in Chemical Engineering (minor: industrial statistics) from the Georgia Institute of Technology, and an M.B.A. from Harvard Business School.
Cape’s management of Sapphire’s portfolio is typically executed via board seats, interim executive positions, and direct operations. His primary interests are: corporate governance, energy policy, foreign affairs/trade, economic instabilities/contagion, interactive media, and the operating effects of extreme environments on human endurance and high-level function. He has served on public and private boards, chaired and restructured one public audit committee, and managed turnaround operations. He also serves as a litigation consultant. Cape has increased his media focus by founding Direct Action Networks International, a diversified media company spanning content, distribution, data, and interactivity. Its unique design addresses unmet needs in both: (1) “traditional” media sectors (e.g., implementing a proprietary economic model for distributing documentary/specialty films, resulting in first festival screening of an original production in 2013) and (2) “traditional” large GDP sectors (e.g., healthcare, energy, security, banking, etc.) which have been rapidly infiltrated by broadband options. A critical overall objective is to reconcile the extraordinary confusion in the popular and professional press regarding broadband modalities and the trade-offs between speed, mobility and HD choices for the consumption/use of content.
Cape is a member of the International Association for Energy Economics, American Economic Association, Turnaround Management Association, American Bankruptcy Institute, Society of Labor Economists, the Detroit Economic Club, The New York Academy of Sciences, American Finance Association, Eastern Economic Association, HBS Club of New York; served as Vice President/Trustee of The Chemists’ Club, founded in NYC in 1898; and selected for Task Force/Working Groups such as NATO Advanced Science Institute. He is a reviewer for international journals, and since leaving full-time academia 19 years ago, has continued efforts as an active speaker and practitioner in education, including Advisory Board at Georgia Tech; teaching a graduate elective on Financial Economics and Entrepreneurship at City College, CUNY (Adjunct Professor of the Year (2010)); visiting professor at Penn State; obtained NSF grant as business mentor, Memorial Sloan Kettering (2013); and leads a course on energy efficiency with a realistic need for a competitive oil and gas sector. In the non-profit arena, he is President, Alzheimer’s Action Foundation, and Chairman, Sustainable Business Board, Global Autism Project, with operations in NYC, Ghana, West Africa and Northern India. Cape has participated in the now-fashionable “economic development” area for a decade with current focus on Michigan and Florida. He has traveled through South Asia and on delegations to China: senior advisor for a technology product launch, three week invited lecture tour of major hospitals (interaction of blood flow and new Doppler ultrasound modalities), and export & distribution planning for medical imaging equipment.
Cape’s current work is primarily focused on Direct Action Networks International and topics above in the post-crisis landscape: private sector restructuring, academic economics, transmission and amplification of monetary policy to the real economy, and complex resource issues in post-Soviet Russia and China. Cape continues more than two decades working on behalf of under-represented groups in the job market and certain privileged education tracks, facilitating paths for women, minorities, and any excluded or disadvantaged group in a range of inappropriately exclusive domains; has funded scholarships in three states; and is involved in work to address the disproportionate representation of Veterans in the homeless and unemployed populations, and their experience with rapidly emerging healthcare problems such as PTSD and TBI.
Jeff Garanich, Ph.D Director of Program Development , AAF Director, The Sapphire Group LLC New York, NY
Jeffrey S. Garanich, Ph.D. is a Director at The Sapphire Group LLC, a holding company in New York City with assets in healthcare, new media, energy, education and unique innovations to support counterterrorism. Prior to joining The Sapphire Group, Garanich spent six years with Boston Scientific Corporation. During this time, he progressed from a doctoral entry-level position to manage the day-to-day activities of five direct reports along with the operation of a corporate cell biology research laboratory staffed with ten scientists. He also worked with senior management to propose and develop a cross-Divisional collaboration network to improve communication and eliminate redundancies within the Company’s billion-dollar research and development (R&D) organization and drive the completion of cross-disciplinary medical device R&D projects critical to products’ commercialization. Prior to Boston Scientific, Garanich served as both Associate and Analyst with The Sapphire Group. In these roles, he was responsible for mergers and acquisitions and company-formation projects in the healthcare and media sectors and new client development in the medical device sector. Garanich also held a Research Associate position with the Wallace H. Coulter Cardiovascular Dynamics and Biomolecular Transport Laboratory at the City College of New York where he conducted research evaluating the role of hemodynamics on the function of vascular wall cells in cardiovascular disease. He played a key role in the start-up of this Lab following its transition from another academic center. He has authored 5 peer-reviewed journal articles, one book chapter, 10 conference abstracts and has given multiple invited lectures.
In his current role, Garanich is participating at a senior level in continuing growth initiatives for Sapphire assets across multiple sectors. These activities fall into multiple categories. Some continue work done during his prior time at Sapphire, including a role as co-Founder of Endurance and Combat Technologies LLC (ECT), in which he uses his background in engineering, biology, biomechanics and exercise physiology to develop and apply sophisticated tracking and monitoring tools, along with recent advances in endurance physiology to develop a “new media” driven business model with revenue streams arising from content and technology. In seeking an entrepreneurial experience to complement his work at Boston Scientific and in academia, he is working on a range of projects that stem from his prior expertise (ECT) to those that are purely financial. In the latter case, for example, he is a General Partner in the Sapphire Bridge Fund which provides near-term liquidity facilities to corporate clients who face a constrained credit market post-crisis but who otherwise meet compelling credit criteria. These two examples represent opposite ends of a spectrum of projects which tend to sit at the intersection of operations and economics. He participates in the corporate strategy of the holding company, which has led to involvement in a number of high level projects that have become compelling after the global financial crisis. He is intimately involved in a series of advisory and principal projects falling into two proprietary and central areas of interest: “transmission channels between the financial system and the real economy” and “the role of sector-oriented financial institutions in structured finance and distressed firms.” Although proprietary, one can connect these and his expertise to a final area of entrepreneurial risk and success, which is economic development. He also participates in the regular operation of Sapphire assets in the education, energy, security and trade arenas. Garanich contributes to Sapphire’s service and non-profit efforts by serving as the Alzheimer’s Action Foundation’s Director of Program Development and is a member of The New York Academy of Sciences and The Chemists’ Club.
Garanich actively seeks opportunities to participate in the academic environment and strengthen this important area’s collaborations with traditional industry. He sits on the City College, CUNY, Department of Biomedical Engineering Industry Advisory Board (member since 2008) and provides lectures to the Department’s undergraduate student body on important topics such as the ownership of intellectual property. During his time at Boston Scientific, Garanich and colleagues sought to further develop an industry presence within the mostly academic Biomedical Engineering Society (BMES) by building up its Boston Chapter. This successful organizational effort combining industry and science ultimately resulted in the Boston Industry Chapter of BMES, which attracted a significant membership and remains active today. Garanich holds a Ph.D. in Bioengineering and a B.S. in Mechanical Engineering, both from the Pennsylvania State University.
Parvin C. Dorostkar, MD, MS, EMBA Director, AAF Cardiology and Critical Care Medicine University of Minnesota Minneapolis, Minnesota
Avikal Malik Treasurer, AAF
Molly Ola Pinney Advisory Board, AAF Founder and Executive Director, Global Autism Project