Resolute Asset Management appoints Mike McCarrick as Vice President Real Estate Asset Management

18 May 2010

Resolute Asset Management LLP (“Resolute”), the specialist advisory and asset management firm, today announced the appointment of Mike McCarrick as Vice President Real Estate Asset Management. McCarrick will be responsible for providing technical support in the review, analysis and management of the real estate underpinning assets managed by Resolute, combined with direct responsibility for the asset management of REO (foreclosed) properties.

Commenting on the announcement, Bill Hancock, Managing Partner of Resolute said: “Mike’s decision to join the Resolute team fills a key role on the technical real estate side, which is core to Resolute’s business proposition, and his appointment completes our initial staffing target. Since we announced the establishment of Resolute in March, the core team now comprises seven professionals and support staff. With Mike’s extensive hands-on experience of value-added asset management, Resolute can provide a fully integrated distressed asset management platform, ensuring that each asset receives the detailed property attention fundamental to value maximisation. We are delighted to welcome Mike aboard and his track-record of delivering effective asset management solutions is a significant enhancement to Resolute’s capabilities.”

McCarrick joins Resolute from WCP Management and Waterbridge Group, a private UK property company, where he served as Head of Asset Management and previously Head of Acquisitions.

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