Lehman Veteran Joins Clayton Holdings
Risk analysis and loss mitigation service provider Clayton Holdings added industry veteran Thomas Gere as senior managing director. Gere joins Clayton with more than 25 years of experience, including senior sales positions at financial services firm Lehman Brothers and investment bank Cohane Rafferty within the fixed-income and whole-loan channels. Gere will head up expansion efforts in Clayton's relationships with commercial banks, thrifts and mortgage banks. He will focus on business development and marketing of Clayton's services including commercial and residential due diligence, surveillance and asset pricing. “As the economy recovers and the mortgage and secondary markets begins to regain traction, financial institutions will be looking for reliable, scalable partners, like Clayton, who can deliver value added, quality outsourced information and services that are necessary to regain investor confidence,” said Clayton CEO Paul Bossidy. The now-failed Lehman Brothers acquired Cohane Rafferty several years before it went bankrupt in 2008 on the heels of financial fallout related to its mortgage-related holdings. Write to Diana Golobay.