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C. Jean Mihitsch has been named chief financial officer of Liberty Self-Stor Inc., a real estate investment trust based in the Cleveland suburb of Mentor, Ohio.Ms. Mihitsch, 55, joins the REIT from GLB Bancorp Inc., where she was CFO from 1998 through 2003. Liberty's former CFO, Sherry L. Kirchenbauer, has resigned "to pursue other business interests," the REIT said.
January 12 -
Donald J. MacKinnon has resigned from the board of directors of Criimi Mae Inc., Rockville, Md., to accept a position as managing director with Nomura Securities International.Mr. MacKinnon's resignation letter states that Nomura compliance requirements "as well as the fact that I may seek to engage in business activities with Criimi in the future" made the severing of ties necessary, Criimi Mae said. The resignation was effective Jan. 6. Criimi Mae, a commercial mortgage real estate investment trust, can be found on the Web at http://www.criimimaeinc.com.
January 9 -
Patrick F. Stone, until recently the chief executive officer of Fidelity National Information Solutions, has resigned from the board of directors of Fidelity National Financial Inc., the parent company of FNIS.The Jacksonville, Fla.-based FNF said Mr. Stone has signed a five-year noncompetition agreement and will remain a consultant to the company. FNF can be found on the Web at http://www.fnf.com.
January 9 -
Nomura Securities International Inc. has appointed Don MacKinnon head of structured credit trading and asset finance, a new position at the company that includes responsibility for its residential and commercial mortgage-backed securities businesses.Mr. MacKinnon was previously president and chief executive officer of Real Business Solutions, a commercial real estate services and technology company. In addition to overseeing RMBS and CMBS, Mr. MacKinnon will be responsible for managing the firm's asset finance business. Mr. MacKinnon has a mandate to expand the company's U.S. operations in all three businesses.
January 8 -
The board of directors of Jones Lang LaSalle Inc. has announced the resignation of Christopher A. Peacock from the board and as the company's president and chief executive officer.Board chairman Stuart L. Scott will assume the role of interim CEO until a global search produces a permanent replacement, the company said. Jones Lang said it had accepted the resignation "with regret" and that Mr. Peacock had resigned to spend more time with his family. He served as chairman and CEO of Jones Lang LaSalle from 1999 to 2002, and as CEO of LaSalle Partners from 1990 until its merger with Jones Lang Wootton in 1999, the company said. He will continue to serve Jones Lang LaSalle on a consulting basis. The company, an international property services firm headquartered in Chicago, London, and Singapore, can be found online at http://www.joneslanglasalle.com.
January 8 -
Two key executives of Equity Office Properties Trust, Chicago, have resigned to pursue other interests, the office real estate investment trust has reported.Peter Adams, executive vice president for strategic planning, and Christopher Mundy, EVP for operations, led the planning and operations for EOPT's Western and Eastern regions, respectively. The responsibilities of the two, who assumed their roles in 2001, are being transferred to Peyton Owen, the EOPT's EVP and chief operating officer, the REIT said. EOPT estimates that the charge to earnings from severance paid to the two executives will be approximately $5 million. The REIT can be found online at http://www.equityoffice.com.
January 8 -
Craig S. Davis, a former president of Washington Mutual's home loans and insurance services group, has joined the board of directors of Ellie Mae.Mr. Davis, who has more than 25 years of senior management experience in the mortgage and financial services industry, served as WaMu's mortgage chief for seven years. He retired suddenly from the Seattle-based thrift last fall in the wake of a disclosure that it would book a loss in the third quarter related to mortgage loan sales because of problems in tracking loan commitments. Sig Anderman, Ellie Mae's chairman and chief executive officer, praised Mr. Davis's leadership at WaMu and predicted that his perspective "will be invaluable as we enter our critical next phase in leveraging state-of-the-art technology for mortgage brokers, lenders, and service providers." Ellie Mae can be found online at http://www.elliemae.com.
January 8 -
Peter R. Fisher, a former undersecretary for domestic finance at the U.S. Treasury, has joined investment management firm BlackRock Inc. as a managing director.Mr. Fisher was previously active in mortgage and government-sponsored enterprise issues while working for the Treasury Department. He left that post in early October. Before joining the Treasury, he was an official with the New York Federal Reserve Bank. BlackRock, which manages assets on behalf of institutional and individual investors worldwide, is majority-owned by The PNC Financial Services Group Inc. and by BlackRock employees. It can be found online at http://www.blackrock.com.
January 7 -
Marc Holliday, president of SL Green Realty Corp., New York, has been promoted to chief executive officer of the company and will retain his current title as well.SL Green said company founder Stephen L. Green, who has been the CEO, will continue in his post as chairman and as a full-time executive officer with responsibility for developing "key market relationships" and real estate opportunities while overseeing the company's strategic direction. Mr. Holliday joined the company in 1998 as chief investment officer and has held the title of president since 2001. SL Green is a real estate investment trust that specializes in acquiring, owning, and managing office properties in Manhattan. It can be found online at http://www.slgreen.com.
January 6 -
Tad Lowrey, chairman, president, and chief executive officer of Jackson Federal Bank, Brea, Calif., has been named vice president of the Federal Reserve Board's Thrift Institutions Advisory Council for 2004.Mr. Lowrey has already served one year of a two-year term on the council, which consists of 12 representatives from thrift institutions, including savings and loans, savings banks, and credit unions. It meets three times a year with the Board of Governors of the Federal Reserve System to discuss developments relating to thrifts, the housing industry, mortgage finance, and certain regulatory issues.
January 6