NewDay Financial in Fulton, Md., has hired Paul "Tim" Thompson III as the company's new chief financial officer.
Thompson succeeds Gavin Brady, who resigned as CFO earlier in the year to pursue a separate business opportunity. Brady's departure and Thompson's hiring did not relate to the company's
Thompson previously was the chairman and chief executive of an investment banking consulting firm, The Darby Creek Co. Before that he served in various positions with the Kelso Mezzanine Fund, Donaldson, Lufkin & Jenrette Securities Corp. and First Boston Corp. He has also been a member of the NewDay's advisory board for a decade.
"We are pleased to have [Thompson] join our senior management team as we build the mortgage company in the veteran marketplace," NewDay CEO Robert Posner in a Dec. 15 news release. "He has a tremendous background in capital markets and credit risk and brings a deep understanding of NewDay."
