Brian Hurley, president and chief operating officer of New Vista Asset Management, will leave the San Diego-based company to pursue new opportunities, the company announced Friday.

The announcement of Hurley’s departure comes after the completion of a multi-month update of the firm’s strategic plan amidst ongoing declines in default-market inventory and new designs for the company’s multicultural real estate networks.

"I am exceptionally proud of what we have accomplished at New Vista," Hurley said. "While successfully managing the transaction mechanics of a housing recovery, our team has elevated the national housing dialogue to include an abiding focus on owner-occupancy and diversity. By illustrating the strategic connections between the pace and pattern of recovery and the housing markets ahead, our accomplishments far exceeded successful REO dispositions."

Company co-founders Gary Acosta and Jim Park will assume Hurley’s role. Hurley will stay with the company through mid-April to support business and management transitions.