RHR Funding, a part of The Richman Group's mortgage lending business, named Mathew Wambua president of the RHR segment this week.

The Richman Group is the parent company of RICHMAC Funding.

Wambua is entering the private sector after a long stint in the public sector, leaving his post as New York City’s commissioner of housing preservation and development.

In his new role, Wambua will be responsible for growing and expanding the firm’s new mortgage lending platform nationally and within the New York market.

"Mat brings a breadth of relationships, a unique set of skills and the energy that will enable Richman to penetrate and reach these markets," said Bill Traylor, president of Richman Housing Resources.