Marcus & Millichap hired David Shillington to lead its financing arm.

Shillington will serve as president of Marcus & Millichap Capital Corporation and brings over 30 years of experience to the firm and is taking the place of William Hughes, who announced his retirement earlier this year.

“I am pleased to welcome Dave as the President of MMCC,” Marcus & Millichap President and CEO Hessam Nadji said in a statement.

“Dave’s 30 plus years of experience and diverse background in commercial real estate finance are well-aligned with our vision for MMCC and its growth plan. Based on Dave’s history, we have great confidence in his abilities to take MMCC to the next level,” he added.

Prior to joining Marcus & Millichap, Shillington was executive vice president of KeyBank Real Estate Capital where he managed the Southeast and Mid-Atlantic, the agency lending division and the Fannie Mae DUS operations.

Under his leadership KeyBank’s multifamily capital markets team became an industry leader and one of the largest agency lender in the United States.

“I am thrilled to be joining one of the most respected brands in the industry and look forward to pursuing growth strategies that not only expand the firm’s financing capabilities and earnings, but also add value to our investment brokerage business. MMCC has growth opportunities in virtually every market segment and property type, and I look forward to working with our team to realize this great potential,” Shillington said in a statement.

William Hughes, the former head of MMCC, will remain with Marcus & Millichap as an advisor for the next several months to ensure a smooth transition.