REIT Pioneer Named Prez at Colony

Published April 16, 2003, 2:00 p.m. EDT

1 Min Read

Richard Saltzman, who has been credited with introducing the real estate investment trust to Wall Street, has been named president of Colony Capital LLC, a Los Angeles-based investment firm focused chiefly on real-estate-related assets.Mr. Saltzman, 46, is managing director and vice chairman of Merrill Lynch & Co.'s investment banking division, a post he will leave as of May 1. He joined Merrill Lynch in 1982, and became group head for real estate investment banking in 1992. "Richard is regarded as a truly great innovator in the world of real estate finance," said Thomas J. Barrack Jr., Colony's chairman and chief executive officer. "In real estate public and private equity and global M&A, Richard and his team usually were there first, provided many of the best ideas, and closed the most transactions." Colony can be found online at http://www.colonycapital.com.

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