Clayton Holdings Names Edward S. Robertson, CFA, Managing Director, Commercial Real Estate Services
Move Underscores Firm's Focus On Troubled Commercial Real Estate Market
SHELTON, Conn., Jan. 5 /PRNewswire/ -- Clayton Holdings LLC, a leader in providing customized risk analysis, loss mitigation, operational solutions and staffing services to the mortgage industry, announced today that Edward S. Robertson has joined the company as managing director in charge of its commercial real estate services, focusing on due diligence, asset management and advisory practices.
Robertson brings more than 15 years of experience to Clayton's commercial real estate group, including experience as chief financial officer (CFO) for two Fortune 100 commercial banking divisions. This experience is timely and relevant considering the scale of commercial bank exposure to commercial real estate. Prior to joining Clayton, Robertson was CFO of Washington Mutual's commercial group and Barclays Group's Latin American business. He also served as CFO at Cerberus Capital Management's Aegis Mortgage. At Clayton, Robertson will report to Conrad Vasquez, executive vice president of operations.
"There is approximately $3.5 trillion in commercial real estate debt outstanding, and over the next three years, some $1.5 trillion will be coming due," said Paul Bossidy, Clayton's chief executive officer. "Bankers and institutional investors will need teams of seasoned professionals to help them assess their exposure and identify opportunities that will arise. While Clayton has always had a presence in the commercial real estate market, we are investing in a seasoned banking executive, like Ed, to accelerate the growth of this critical practice area."
Robertson said, "The state of the economy, the turmoil in the secondary markets and the volume of debt coming due mean that commercial real estate will be the next big challenge for the recovering banking industry. Lenders and investors will need help in analyzing and valuing CMBS, portfolios and properties, as well as sizing their default risk and determining their ongoing asset management strategies."
He added, "As a former client, I know the quality of Clayton's commercial real estate team and the breadth of diligence, analysis and surveillance skills that it brings to the market."
About Clayton Holdings LLC
Clayton Holdings LLC headquartered in Shelton, Connecticut, is a leading provider of customized risk analysis, loss mitigation and operational solutions that support the mortgage industry. Clayton's services encompass analytics, residential and commercial loan due diligence, consulting, credit risk management and surveillance, independent pricing, specialized loan servicing, and staffing solutions. Clayton provides transparency, independence, expertise and quality resources to leading investment & commercial banks, institutional investors, government agencies and service providers internationally. Additional information is available at www.clayton.com.
SOURCE Clayton Holdings LLC
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