Longtime Ocwen Financial CEO Ron Faris to step down
Ron Faris plans to retire as head of Ocwen Financial and pass on his position to former PHH Corp. CEO Glen Messina around the time Ocwen acquires PHH.
Career moves
Larry Summers to step down from LendingClub’s board
No reason was given for his exit by the Silicon Valley lender, which named another prominent economist, Susan Athey of Stanford, to its board of directors.
OnDeck Capital to replace its longtime finance chief
The online lender is hiring Kenneth Brause, a CIT Group executive, to succeed CFO Howard Katzenberg.
Brian Grow named president of Morningstar Credit Ratings
Grow was previously director of MBS and ABS securities; he replaces VIckie Tillman, who retired in December after overseeing the company's expansion into a diversified credit rating agency.
Five challenges facing SoFi’s new CEO
Stepping in after co-founder Mike Cagney's resignation, Twitter's Anthony Noto needs to overhaul the firm's corporate culture, lay the groundwork for an IPO and determine whether to renew SoFi's pursuit of a bank charter.
LSTA taps former GSO/Blackstone portfolio head as new director
Lee Shaiman, who oversaw $20 billion in leveraged finance and other fixed-income investments at Blackstone, will succeed Bram Smith. who announced his retirement in early 2017.
By
Glen Fest
Fitch taps Duignan to lead global financial institutions group
Marjan van der Weijden, an 18-year veteran of the company based in London, Is taking over Duignan’s former role as global group head of structured finance and covered bonds.
Allen & Overy taps new partner to build U.S CLO practice
Lawrence Berkovich joins as a partner from a nearly two-year stint at Ashurst; he follows in the footsteps of five other A&O finance practice partners who left Ashurst's NY office last year.
Cadwalader adds securitization lawyer Peter Morreale
Morreale was previously a managing director and associate general counsel in the mortgage and legal group at Goldman Sachs, where he provided legal counsel for businesses across a range of asset-backed securities
Hunton & Williams Adds Structured Finance Partner
Hunton & Williams continues its national expansion with the arrival of corporate partner John J. Dedyo in the firms New York office.
LSTA Executive Director Bram Smith Retiring
Bram Smith is retiring as executive director of the Loans Syndication & Trading Association effective at years end, the trade group announced Thursday. Smith has been with the LSTA for nine years, joining as interim executive director in September 2008 before he was installed as permanent ED in December 2009.
Charles Citro Joins Morningstar as Head of CMBS
Charles Citro joined the Morningstar Credit Ratings this week as managing director for commercial mortgage-backed securities ratings and analytics
Fired Commercial Finance Group CEO Says He Was Punished for Whistleblowing
The lawsuit against the Commercial Finance Association also names Andrea Petro, the president of the organization, and her employer, Wells Fargo & Co., as defendants, according to the complaint that was filed in in federal court last month.
OnDeck Adds Former Morgan Stanley Exec to its Board
Jim Rosenthal, a former chief operating officer at Morgan Stanley, is joining the board of directors at OnDeck Capital.
Former SVP Sues Moody’s Claiming Bias, Whistleblowing
Annelis Osborne alleges that she was fired for airing complaints of gender bias and sexual harassment within the rating agency.
Fed’s General Counsel Alvarez to Retire This Year
Scott Alvarez, the Federal Reserve's longtime general counsel, will retire later this year after nearly three dozen years at the central bank, the agency announced Wednesday
Prosper Hires Former USAA Exec in Quest to Reignite Growth
Prosper Marketplace, a pioneering online lender that has struggled recently, has hired a former USAA executive as its chief financial officer.
Semper Names Christopher Mendez General Counsel
Semper Capital Management, a boutique fixed-income investment manager, has hired Christopher Mendez as its general counsel and chief compliance officer.
Trump Team Signals It Will Oust CFPB’s Cordray
The Trump administration gave the first clear sign Thursday that it intends to dismiss Consumer Financial Protection Bureau Director Richard Cordray.
DBRS Promotes Aufsatz To Lead European Structured Finance
DBRS, which recently expanded its scope of ratings coverage to include European corporates, has filled a new managing director role over its European structured finance team with the veteran analyst in commercial mortgage structured finance.
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