People Movers

New York Fed names John Williams president and CEO

Will begin in new role June 18, 2018
The Federal Reserve Bank of New York announced it nominated John Williams as its next president and CEO. Williams will begin his new role on June 18, 2018, following the last day for current NY Fed President William Dudley. Here’s more on Williams, and what he brings to his new role.
Read More

Planet Home Lending hires Bill Ervin as vice president of business development

Ervin will recruit branches for growing mortgage lender 
Planet Home Lending announced Bill Ervin as the privately held lender's new VP of business development. Ervin, who will be supporting the company’s retail originations channel, brings more than 20 years of mortgage banking industry expertise to the company and has held previously worked for CrossCountry Mortgage and Citibank.
Read More

VantageScore hires former Radian, Wells Fargo exec Phillip Bracken to lead industry relations

Bracken also tasked with dealing with regulators
VantageScore Solutions, the developer of the VantageScore credit scoring model, is hiring former Radian Guaranty and Wells Fargo executive Phillip Bracken to lead the company’s government and mortgage industry relations. Bracken comes to VantageScore from Radian, where he was chief policy officer and head of government and industry relations.
Read More

Starwood Capital Group expands asset management team

Adds two to senior-level roles
Global private investment firm Starwood Capital Group announced this week it has made two senior additions to the firm's asset management team. In January, Alex Waterbury joined Starwood as managing director, head of development, and in June, Andrea Pierce will be joining the firm to serve as the managing director, head of office asset management.
Read More

Citi appoints new mortgage leadership team

Promotes three of its own into new roles
Earlier this year, Citigroup revealed that it was looking for a new person to run its U.S. mortgage business as the bank signaled it was moving back into mortgages. That move, and others, were seen as an indication that Citi may be moving back into the mortgage business, and now, the bank has identified the team that will lead its mortgage resurgence.
Read More

Wells Fargo sees departure of four risk management executives

Execs set to retire throughout this spring
As Wells Fargo continues to face further legislative action, the big bank announced the retirement of four risk management executives. The bank made an internal announcement, saying it is implementing a new design for how the company manages risk. Part of this announcement included the retirement of four of its risk management executives.
Read More

Wells Fargo Securities promotes Ari Kavour, Mike Llodra to lead mortgage finance group

Will head up warehouse and term financing efforts
Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo, announced Thursday that it promoted Ari Kavour and Mike Llodra to co-heads of the mortgage finance group. Wells Fargo Securities’ mortgage finance group provides warehouse and term financing to companies and investors that own, originate or invest in residential real estate mortgages or securities.
Read More