Sorin Capital Management announced that Matt Chasin officially joined the firm on Aug. 11 as chief operating officer, partner and member of the investment committee.

In his new role, which is also a newly created position within the company, Chasin will be responsible for all non-investment activities. He comes on board to build out the firm's operational infrastructure.

Chasin's investment experience and risk management background have also landed him a role within the firm's investment committee. He will be responsible for all borrowing and leverage activities, cash management, counterparty risk and broader risk management. The chief financial officer, business development, general counsel and chief of operations will all report to Chasin.

In his new role, Chasin will also focus on the operational and financial aspects of the firm, as well as managing all borrowing relationships and activities for the Sorin funds.

Previously, Chasin was a senior managing director and head of repo financing activities for mortgage and structured products at Bear Stearns. Chasin oversaw the firm's global mortgage and structured product position and all trading, hedging and risk management of Bear's mortgage matched book business. He was at Bear for 14 years and was offered a senior-level position at JPMorgan following the merger with Bear Stearns earlier this year.

Interestingly, Chasin and Sorin founder and CEO Jim Higgins have known each other for 10 years, as both were previously colleagues at Bear.

The new hire is the latest one at the firm, which late last month also tapped Brian DiDonato as a senior partner and member of the investment committee.

DiDonato is responsible for commercial real estate debt, equity and special situation investments. Previously, he was president and chief investment officer of Capmark Investments, a global real estate fund manager with over $10 billion of real estate debt and equity investments.

Before Capmark, DiDonato was an executive director at Morgan Stanley in the securitized products group. He was also a vice president in fixed income at UBS.

(c) 2008 Asset Securitization Report and SourceMedia, Inc. All Rights Reserved.

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