Retired Rear Admiral Thomas C. Lynch has been named to the board of Chrysalis Holdings, the parent company of NewDay Financial Inc., which originates reverse mortgages among other products.
Paul Thompson III, director and chairman of the board, Chrysalis Holdings, said Lynch's “business acumen and unsurpassed understanding of the needs of both service members and veterans are just two of the many reasons that we are extremely fortunate to have Tom on our team. Given the importance of NewDay Financial to our overall holdings and our focus on serving the home financing needs of veterans, we are honored that Tom has chosen to serve as a director.”
“The addition of Tom to the board further strengthens our company's determination to grow and expand our leadership role in lending to veterans, while also supporting philanthropic initiatives for veterans,” said Rob Posner, chief executive of NewDay Financial.
Lynch is a managing director at The Musser Group, an affiliate of The Livingston Group, as well as managing director at Jones Lang LaSalle, a global real estate services firm.
