|
|
Article: James B. Lockhart III to become Vice Chairman of WL Ross & Co. LLC.
- Article from:
- Business Wire
- Article date:
- August 19, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK -- Wilbur Ross announced today that James B. Lockhart III, the director (CEO) and chairman of the Oversight Board of the Federal Housing Finance Agency (FHFA), will become vice chairman of WL Ross & Co. LLC, the distressed investment affiliate of Invesco Ltd. (NYSE: IVZ), in September.
"With his extensive government experience, deep knowledge of the U.S. mortgage markets and strong background in public/private finance, Jim is ideally qualified to help expand the financial services portfolio of the funds we manage," said Wilbur Ross, chairman of WL Ross & Co. and of Invesco Private Capital. "Our investment team will benefit from Jim's unique insights into ...