Career moves

Stephen Budorick, Paul Layne, and Douglas Winshall have been promoted to executive vice presidents at Trizec Properties Inc., a Chicago-based real estate investment trust.Mr. Budorick, based in Chicago, has held overall management responsibilities since 1998 for Trizec's 15 million-square-foot portfolio of properties in the company's Central Region. Mr. Layne, based in Houston, has overseen the REIT's 16 million-square-foot portfolio in the Western Region, chiefly in Texas and California. Mr. Winshall, based in New York, has exercised responsibility over Trizec's 15 million-square-foot portfolio in the Eastern Region, which includes New York and metropolitan Washington, D.C. The REIT said the trio, previously senior vice presidents, will retain their current regional responsibilities. Trizec can be found on the Web at http://www.trz.com.

Cyrus Brinn has been promoted to chief executive officer of GHR Systems Inc., Wayne, Pa., and David Morrison has been promoted to executive vice president and general manager of GHR's Mortgage Automation Solutions division.Mr. Brinn joined GHR in 1998 as executive vice president and has served as the company's president and chief operating officer since June 1999. He will share the title of CEO with Allan Redstone, a cofounder of GHR. "Since 1984, Brinn has been pioneering the design and development of numerous automated lending systems including mortgage loan origination, secondary marketing, closing, servicing, asset management, investor reporting and securitization," the company said. Mr. Morrison started with GHR in 2000 as senior vice president of client services. GHR Systems, a provider of lending automation technology, can be found on the Web at http://www.ghrsystems.com.

The Bond Market Association has named Marjorie Gross its new senior vice president and regulatory counsel.She previously worked at J.P. Morgan Chase, where she served as the head of the legal group in the company's Debt Capital Markets-Americas unit and was also a managing director and associate general counsel, TBMA said. In her new position, Ms. Gross is slated to "take a leadership role" in several association projects, including ongoing initiatives in two mortgage securities-related areas: fixed-income research and structured finance practices. Ms. Gross replaces John Ramsay, who left the association last year to become deputy general counsel at Citigroup Global Markets. TBMA can be found on the Web at http://www.bondmarkets.com.

Robert Green has been promoted to executive vice president of residential lending at BankUnited FSB, Coral Gables, Fla.Before joining BankUnited, Mr. Green was a vice president and branch manager with Greenpoint Mortgage. He served as president of the Florida Association of Mortgage Brokers in 1998 and 1999. The company can be found on the Web at http://www.buexpress.com.

David Barkley, director of e-commerce relations at Freddie Mac, has been re-elected to chair the Governance Committee of the Mortgage Industry Standards Maintenance Organization.Lisa Bolelli, vice president of program management of First American Corp., has been re-elected a vice-chair of the panel, and Adam Hall, manager of information technology and Web development at IndyMac Bank, has been elected the other vice chair, MISMO reported. The committee also elected or re-elected the following members: Craig Foote of Fidelity Information Services, Mike Bixby of Info1/LandAmerica, Todd Luhtanen of Dynatek, Ed Ransden of CitiMortgage, and Ty Jenkins of DocuTech Corp. MISMO, which was established by the Mortgage Bankers Association, develops electronic commerce standards for the mortgage industry. Its Governance Committee, which oversees the organization's administration and policy development, consists of representatives of 16 MISMO subscriber organizations from a cross-section of the residential real estate finance industry. The members serve two-year terms, with half the seats up for election each year.

Deutsche Bank Securities Inc. has expanded its U.S. mortgage strategy team by hiring Victoria Averbukh as a director responsible for researching and analyzing collateralized mortgage obligations.Ms. Averbukh previously worked at Citigroup, where she was a mortgage strategist focused on the CMO market. Deutsche Bank can be found online at http://www.deutsche-bank.com.

John M. Robbins, the chairman and chief executive of American Residential Investment Trust Inc., San Diego, has submitted his resignation from the board of Accredited Home Lenders Holding Co., also based in San Diego.The reason given was to avoid any conflict of interest arising from the entry of ARIT's American Mortgage Network subsidiary into the subprime origination business. Mr. Robbins had been a director of Accredited since 1996. "It is our intent to have the board at its full complement of seven directors in the near future," said James A. Konrath, Accredited chairman and chief executive.

Michael J. Mazzei has been named managing director and head of U.S. real estate and commercial mortgage-backed securities at Barclays Capital, the investment banking division of Barclays PLC.Mr. Mazzei was most recently managing director and co-head of the real estate investment banking group at Lehman Brothers, where he also served for 10 years as the head of the company's fixed-income CMBS business, Barclays said. Grant Kvalheim, global head of investment banking and credit products at Barclays, said Mr. Mazzei will be charged with creating a team of about 50 professionals in a variety of disciplines. "The CMBS market averages some $78 billion in annual issuance, and it therefore represents an important new product area for Barclays Capital and for our clients," Mr. Kvalheim said. The company can be found online at http://www.barcap.com.

Howard M. Sipzner, chief financial officer and treasurer of Equity One Inc., North Miami Beach, Fla., has been appointed executive vice president of the real estate investment trust.The shopping center REIT said Mr. Sipzner will continue as CFO, but that David W. Briggs has been named vice president and treasurer. Mr. Briggs will also continue as chief accounting officer of the REIT. Mr. Sipzner, 42, has been with Equity One since 1999 following a 15-year career with Chase Securities, Chemical Banking Corp., and Merrill Lynch, the REIT said. Mr. Briggs, 43, spent 15 years with Westfield America and Ernst & Young LLP, joining Equity One in 2002.

Apartment Investment and Management Co., Denver, has announced that Peter Kompaniez will relinquish the title of president as of April 1 in conjunction with AIMCO's plan to hire a chief operating officer this year.The real estate investment trust said Mr. Kompaniez, one of the company's founders, will continue as vice chairman of AIMCO's board of directors and will be involved in various projects. He is the acting head of the Los Angeles Regional Operating Center, with authority over AIMCO's 42 conventional properties in California. AIMCO said Terry Considine, its chairman and chief executive officer, will serve as president pending the completion of the REIT's search for a COO. The company can be found on the Web at http://www.aimco.com.

Champion Mortgage, Parsippany, N.J., has announced the promotion of Steven K. Ives to vice president of organizational performance and project management and of Terri Finnerty to vice president and chief marketing officer.Mr. Ives, a five-year veteran of Champion, will be responsible for overseeing the company's performance and project management initiatives. He previously served as vice president and chief financial officer. Ms. Finnerty, who joined Champion in 2001 as assistant vice president for advertising, will be responsible for leading Champion's marketing efforts and overseeing the activities of Gerbig, Snell/Weisheimer, Champion's recently selected advertising agency. Champion, a division of Cleveland-based KeyCorp, can be found on the Web at http://www.champion.com.

Allen L. Wehrhahn has been named president of Key Mortgage Services, Parsippany, N.J., a newly formed unit of Cleveland-based KeyBank's Consumer Finance group.Mr. Wehrhahn is a veteran of more than 20 years in the financial services industry, and was most recently president of Key Home Equity Services. The new unit includes the home equity services and prime lending groups, which will use a streamlined operations facility, as well as home improvement loans, Secolink Settlement Services, and the consumer loan center, which will continue to operate under their current structure, the bank said. KeyBank, a subsidiary of KeyCorp, can be found online at http://www.keybank.com.

William S. Romney has been appointed chief restructuring officer for the bankrupt Metropolitan Mortgage & Securities Co. Inc., Spokane, Wash.Mr. Romney is a senior director at Alvarez & Marsal, a corporate restructuring, crisis management, and creditor advisory firm. A restructuring committee has been formed, and it includes William Smith, the chief financial officer of Metropolitan and president and CFO of its Summit Securities Inc. subsidiary (also in bankruptcy). Mr. Romney is also a member of the committee, as are Dale Whitney, the president of a number of insurance companies affiliated with Metropolitan, and Metropolitan's legal counsel, Michael Agostinelli and Lynn Ciani. Irv Marcus, who had been serving as chairman, president, and chief executive of Metropolitan since the resignation of C. Paul Sandifur Jr., has himself resigned all posts, including his prior position on the board of directors. In a related move, chief administrative officer Steve Corker has resigned.

Jay Catalfamo has been promoted to vice president of multifamily business operations and division controller at Freddie Mac.Mr. Catalfamo, a veteran of 17 years at Freddie Mac, will fill a vacancy created by the transfer of the division's previous controller, Vic O'Laughlen, to the Financial Accounting and Control Division to assist in Freddie Mac's financial restatements. The government-sponsored enterprise said Mr. Catalfamo will be responsible for managing the financial operations of its Multifamily Division and for overseeing multifamily portfolio accounting and financial and management reporting, among other things.

Eric Spence has been named executive vice president of the wholesale lending division at Countrywide Home Loans, Calabasas, Calif.In this position, he will be responsible for managing production and growth of the company's western division of its wholesale branch system. Most recently, Mr. Spence was executive vice president of home loan production for Washington Mutual, Seattle. There he was responsible for the company's wholesale, retail, and correspondent lending channels as well as its Long Beach Mortgage subprime unit. Prior to that, he was senior vice president of wholesale lending at WaMu and at Stockton, Calif.-based American Savings Bank, which WaMu acquired. Mr. Spence has experience in managing wholesale units with broad product lines, including originating conforming and jumbo adjustable-rate mortgages.

Moises "Moe" Vela Jr., who was the senior adviser on Hispanic affairs to former Vice President Al Gore, has been named chief operating officer and director of marketing at the San Diego-based National Association of Hispanic Real Estate Professionals.Mr. Vela left a "thriving" private consulting practice, Diverse Directions LLC, to join NAHREP, the organization said. Gary Acosta, chairman of the 14,000-member association, said under Mr. Vela's leadership the group hopes to expand its membership and "become a strong lobby in Washington in support of homeownership advocacy for the Latino community." The organization can be found on the Web at http://www.nahrep.org.

Criimi Mae, Rockville, Md., has appointed three new members to fill vacancies on its board of directors, including those created by the resignations of Donald J. MacKinnon and former company chairman William B. Dockser.The new appointees are Glenn J. Rufrano, chief executive officer of Excel Realty Trust; John S. Moody, president of the real estate division of Marsh & McLennan Cos.; and Bruce K. Robertson, a managing partner with Brascan Corp., Toronto. Criimi Mae, a commercial mortgage real estate investment trust, can be found online at http://www.criimimaeinc.com.

Leslie Rahl has been named to Fannie Mae's board of directors to fill the seat vacated when Stephen Friedman resigned to become assistant to the president for economic policy.Fannie Mae said Ms. Rahl will be included on the company's slate of directors and will stand for election at the annual shareholders' meeting in May. Franklin D. Raines, Fannie Mae's chairman and chief executive officer, cited Ms. Rahl's "experience in the financial markets and her understanding of the derivatives markets." Ms. Rahl is the president and founder of Capital Market Risk Advisors Inc., a financial advisory firm that specializes in risk management and capital markets strategy. She previously ran her own consulting firm, Leslie Rahl Associates, which concentrated in swaps, options, and derivative products.

Craig Macnab has been named chief executive officer of Commercial Net Lease Realty Inc., an equity real estate investment trust based in Orlando, Fla.Mr. Macnab succeeds James M. Seneff Jr., who has served as CEO of the REIT since 1992. Mr. Seneff will retain his title of chairman of the board. Mr. Macnab was previously CEO of JDN Realty Corp. in Atlanta. Commercial Net Lease Realty can be found on the Web at http://www.cnlreit.com.

Timothy R. Chrisman, chairman of Hawthorne Savings FSB and chief executive officer of Chrisman & Co., has been elected vice chairman of the board of directors of the Federal Home Loan Bank of San Francisco.Mr. Chrisman became a member of the board of the FHLBank a year ago. Chrisman & Co. is an executive search consultancy for financial and related industries.