Thomas Neary has been named executive vice president and senior managing director of capital markets for Residential Capital (ResCap), Minneapolis.

Neary will report directly to ResCap Non-Executive Chairman Thomas Marano and ResCap Chief Executive Officer Jim Jones.

Neary joins ResCap, the mortgage arm of GMAC Financial Services, from Wells Fargo & Co., where he served as executive vice president and head of mortgage capital markets.

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