As expected, Brad A. Morrice has assumed the title of chief executive officer at New Century Financial Corp., an Irvine, Calif.-based real estate investment trust.Mr. Morrice, who will continue as the company's vice chairman and president, succeeds Robert K. Cole, who remains as New Century's chairman. The company announced the planned transition, effective July 1, in February. New Century can be found online at http://www.ncen.com.

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