RYE, N.Y.--(BUSINESS WIRE)--Associated Capital Group, Inc. (NYSE:AC) announced today that Francis J. Conroy, CPA will join the Company as interim CFO, effective November 7, 2017.

Fran Conroy is currently with GGCP, the privately-held parent of AC, as special assistant to the CEO. Mr. Conroy has an extensive career in finance and accounting with firms including Mezzacappa, Lazard, McKinsey and Catalyst Energy and was most recently with KKR Prisma from 2004 through 2016. He began his career with Arthur Andersen & Co. after receiving his MBA from Harvard Business School. Fran completed his undergraduate degree in Business Administration, summa cum laude, at Fordham in 1979. He is a member of the Executive Committee of Fordham University President’s Council and Director, Part of the Solution, Inc., an emergency food agency serving the Bronx.

“We are delighted to have someone of Fran’s depth of experience step up to the plate during this interim period. We are fortunate to have such a deep bench of talent to support Fran in making the transition,” said Doug Jamieson, President & CEO of Associated Capital.

Patrick Dennis, CFO, originally joined AC in November 2015 prior to the Company’s spin-out from GAMCO Investors, Inc. (“GAMCO”) (NYSE:GBL). Pat has contributed significantly to the company’s first two years as an independent company. We wish Pat well in his new endeavors.

About Associated Capital Group, Inc.:

Associated Capital Group operates as diversified financial services and investment management business with three core pillars of operations; a principal strategies group which invests the firms proprietary capital in new and existing businesses; an asset management business that emphasizes event driven value and merger arbitrage oriented alternative investment portfolios for institutions and high net worth investors; and institutional research services business, publishing research as Gabelli & Company, and was founded in 1976.