Finance Network Names SVP

Laura Sparks has been named senior vice president of financial services at The Opportunity Finance Network, a Philadelphia-based national network of financial institutions that is planning to launch a residential mortgage platform.Ms. Sparks will recruit mortgage originators for the planned year-end launch of the platform and manage OFN's $40 million Financing Fund, which is invested nationally in community development financial institutions, OFN said. She previously worked at UBS Securities LLC as an associate of the Municipal Securities Group, where she modeled and structured bond transactions, and from 1998 to 2000 she worked with OFN as a senior associate in financial services. OFN, which describes itself as a network designed to "create opportunities for American people, communities, and markets that are outside the economic mainstream," can be found online at http://www.opportunityfinance.net.