Clayton Holdings, Inc. said Tuesday that it had named Paul Bossidy its new chief executive officer, effective immediately; the Shelton, Conn.-based company provides due diligence and asset management services to mortgage investors.

Bossidy, 48, joins Clayton from General Electric Co. (GE), where he served as president and CEO at numerous GE divisions including: GE Capital Solutions; GE Commercial Equipment Financing; GE Vendor Financial Services; and GE Lighting North America. More recently, Mr. Bossidy was a senior Ooperating executive at the private equity firm Cerberus Capital Management, L.P. Prior to that, he had been with Prudential Investment Corporation and Coopers & Lybrand LLP.

This past July, an investment fund managed by Greenfield Partners, LLC, a Norwalk-based private equity firm specializing in real estate, acquired Clayton Holdings.

“This is an exciting time to be joining Clayton," Bossidy said in a statement. "Despite the challenges facing the real estate industry today, we are taking maximum advantage of the opportunities that presently exist and, equally important, positioning ourselves to deploy our capabilities in innovative and creative ways that will benefit our customers and investors as we look confidently to the future.”

Mr. Bossidy replaces, Frank Filipps, who left the company in July to pursue other interests.