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Bill King Joins Carrington Holding Company As Chief Investment Officer
Former Citadel, JP Morgan Executive to Lead Company’s Asset Management Operations
SANTA ANA, CA – May 9, 2012 – Carrington Holding Company, LLC (Carrington) today announced that Bill King has joined the company as its Chief Investment Officer and Head of Asset and Risk Management. In this newly-created position, Mr. King will assume responsibility for its two investment-focused business units, Carrington Capital Management, LLC, an alternative asset management firm focused on control-based investing in the US real estate, mortgage and fixed income markets, and Carrington Investment Services, LLC, a registered broker-dealer with the U.S. Securities and Exchange Commission and member of the Financial Industry Regulatory Authority.
“Bill is a great addition to the Carrington management team, bringing decades of experience and skills that will significantly enhance our capabilities and presence in the financial markets,” said Bruce Rose, founder and CEO of Carrington. “We believe that Bill’s leadership will take the talented teams already in place at Carrington Capital Management and Carrington Investment Services to the next level, and propel us forward as a top tier specialist firm in the structured finance asset management and mortgage securities arenas.”
Mr. King brings 20 years of experience in securitized products, and a broad range of trading knowledge including mortgages, asset-backed securities, collateralized-debt obligations and commercial mortgage backed securities. Immediately prior to joining Carrington, Mr. King was head of Securitized Products at Citadel LLC. Prior to that, Mr. King was co-head of Global Securitized Products at JP Morgan, where he previously held other executive positions, including head of US Securitized Products, head of Mortgage Trading and head of pass-through trading. Mr. King also served on the mortgage trading desks at both Donaldson Lufkin & Jenrette and Merrill Lynch. Mr. King holds a bachelor degree in Finance from Syracuse University and an MBA from New York University.
“I’m absolutely thrilled to join Carrington as part of the executive team,” Mr. King commented. “I’ve followed the evolution of the company over the last several years as it grew into an organization that operates in all phases of the single family mortgage and housing markets. I believe that the company is uniquely positioned to be a leader in the redevelopment of the private residential mortgage market, and I’m looking forward to contributing to its success.”
About Carrington Holding Company
Carrington Holding Company is the parent company for the Carrington Family of Companies, which includes vertically integrated operating businesses that direct every aspect of the life cycle of single family assets. Its core capabilities include investment and fund management, residential mortgage special servicing and origination, property management and maintenance, and real estate sales and settlement services.
With more than three decades of experience and guided by a consistent philosophy, Carrington has built the infrastructure necessary to maximize value during any market cycle. Its affiliate companies include Carrington Capital Management, LLC, Carrington Mortgage Services, LLC, Carrington Property Services, LLC, Atlantic & Pacific Real Estate, LLC, White Van Real Estate Services, L.P., Telsi Escrow, Inc., and Telsi Real Estate Solutions, LLC. Carrington Mortgage Services, LLC is an equal housing opportunity lender. To learn more about Carrington Holding Company, visit our website at www.CarringtonHC.com.