CharterMac Names CEO of Commercial Sub

CharterMac, a New York-based company that provides financial services for the multifamily sector, has named Daryl J. Carter chief executive officer of its commercial mortgage banking subsidiary, CharterMac Mortgage Capital Co.Mr. Carter will set the strategic direction of CharterMac Mortgage and be responsible for its national originations platform, whose annual volume is expected to touch $2 billion this year, according to CharterMac. He will also oversee the firm's $9 billion servicing portfolio. Mr. Carter joined CharterMac after it acquired Capri Capital, a company he co-founded in 1992, CharterMac said. "Under Mr. Carter's direction, we anticipate a major expansion of our mortgage banking operations," said Stuart J. Boesky, CharterMac's CEO. CharterMac can be found online at http://www.chartermac.com.