Zetabid, a firm focusing on U.S. home auctions, hired Christopher Connelly as senior managing director of Zetabid.
Connelly is responsible for global business development at the firm. Together with a long-time sales team, Connelly will be managing relationships with financial institutions across the country and securing inventory for Zetabid auctions of bank- and builder-owned homes.
"Chris Connelly is a proven and dynamic leader who has more than 20 years of lending and capital markets experience, and we are excited to have him join Zetabid's executive management team," said Zetabid Chairman Bob Bellack. "Chris' strategic understanding of the national foreclosure market will enable Zetabid to accelerate its mission of helping financial institutions liquidate REO at the maximum price. Chris' ability to help financial services companies create new solutions will be of tremendous value to Zetabid's clients."
Before joining Zetabid, Connelly headed up National Home Auction, a national foreclosure company. Previous to that, Connelly was a managing director at Natixis Capital Markets in New York, where he led the banking effort for the firm's asset securitization and finance group.
During his six years at Natixis, Connelly helped the group purchase and securitize more than $20 billion of mortgage loans and maintained a warehouse lending book of more than $5 billion.