Sorrento Capital hired Steve Ozonian as its executive chairman of the board. The addition comes closely after the group’s acquisition of REO.com, which is part of a plan to expand into the residential and consumer finance industries.

Ozonian comes to Sorrento Capital from Coldwell Banker, where he held an executive position. Prior to that, he was chairman and CEO of Prudential Real Estate. Before Prudential, he was CEO of Realtor.com, a position he took after his employment as the national homeowner executive for Bank of America.

“The next few years for Sorrento Capital will be marked by significant, strategic growth, not only in the residential homeownership segment, but also in the consumer financial services markets as well,” says Robert Knohl, CEO, board member and co-founder of Sorrento Capital. “We’re very pleased to welcome Steve to the board of directors, and we’re looking forward to leveraging not only his expertise in leading companies through high growth expansion, but also his continuous involvement in the industry and business community, and his intricate knowledge of strategically seizing opportunities within the homeownership segment.”

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