The real estate bidding site Auction.com announced this week that Monte Koch, a founding partner and board member, will also serve as the company’s co-chief executive officer.
“Monte has been instrumental in the development and success of Auction.com,” said Jeffrey Frieden, co-CEO.
Koch previously worked at Deutsche Bank Securities, as head of real estate investment and chairman of mergers and acquisitions, before joining Auction.com.
He transfers over 25 years of investment banking experience over to the housing industry.
“With his long track record of building and managing high-performing teams, combined with deep knowledge of the real estate industry and Auction.com, his expanded leadership role will help fuel our ongoing expansion and enhance our already high level of service, particularly to financial industry clients,” Frieden said.
In his new role, Koch will focus on creating an enhanced corporate culture dedicated on the growth of the company.
“As a board member, I have worked closely with the leadership team of this unique company for several years as they have created the nation’s leading online real estate marketplace,” Koch said. “The results of their efforts to date are nothing short of remarkable, and I am energized by the opportunity to continue building the platform to achieve our vision of transforming the way real estate is bought and sold.”
