Bill King joined Carrington Holding Co. as its chief investment officer and head of asset and risk management.
King will assume responsibility for Carrington's two investment-focused business units, Carrington Capital Management, an alternative asset management firm focused on control-based investing in the U.S. real estate, mortgage and fixed income markets; and Carrington Investment Services, a registered broker-dealer with the Securities and Exchange Commission and member of the Financial Industry Regulatory Authority.
King brings 20 years of experience in securitized products, and a broad range of trading knowledge including mortgages, ABS,CDOs and CMBS. He was previously head of securitized products at Citadel and before that he was co-head of global securitized products at JPMorgan.
"King 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 [his] 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."