Redwood Trust, Inc. announced today that Brett Nicholas will take on the role as the mortgage REIT's President. Fred Matera will take over Nicholas' previous role of Chief Investment Officer.
Matera will continue to report to Nicholas. Marty Hughes will continues to serve as Chief Executive Officer. Previously, Hughes served as President and Chief Executive Officer.
Nicholas was appointed Chief Operating Officer in 2010 and has been with the company for nearly 16 years.
Matera, who joined Redwood in 2008 as a managing director, is responsible for managing Redwood's investment portfolio. Prior to joining Redwood, Matera held senior roles within fixed income at financial services firms including Goldman Sachs, DLJ and First Boston. Immediately prior to joining Redwood, he served as co-head of structured credit at RBS Greenwich Capital.