Scott Alvarez, the Federal Reserve's longtime general counsel, will retire later this year after nearly three dozen years at the central bank, the agency announced Wednesday
Usama Ashraf will oversee Prospers finance activities and its capital markets function, the San Francisco; the firms previous chief financial officer, David Kimball, was promoted to chief executive in November.
Christopher Mendez joins Semper Capital from Goodwin Procter, LLP in New York, where he was a member of the business law department.
Exactly how President-elect Donald Trump intends to get rid of Cordray is unclear. Under the Dodd-Frank Act, Cordray can only be fired "for cause." His incoming administration may reach out directly to Cordray to give him the opportunity to resign without being fired.
Christian Aufsatz was named managing director and head of European structured finance operations; he was previously in charge of commercial mortgage backed securities ratings.
Treasurer, Head of Asset Management
Firm: NewStar Financial
It's unclear how the new political environment will affect the platform's viability or how investors will view the securities issued on it. The next year could determine the project's success and role reshaping the secondary mortgage market.Current Issue