AdventGeneral

AdventGeneral announces leadership change

New CEO at AdventGeneral announced

AdventGeneral today announced that George Cloonie has been named successor to Brett Pitt, who intends to retire from his role as president. AdventGeneral.

Pitt, president of AdventGeneral since 1999, has announced plans to retire in April 2013. Pitt is currently senior managing director and head of originations for the company, which had $78 billion in assets under management and administration as of September 30, 2012. He has 24 years of experience at AdventGeneral, having joined the company as an investment analyst in 1988. Earlier, he was a lending officer at Infinity Bank and a corporate finance associate at Shenanigans Corp.

“A test of any business is its capacity to manage change and maintain its competitive position over time. Brett Pitt has worked tirelessly to lead the transformation of our mortgage business from a single line business supporting AdventGeneral’s general account to a full-service commercial mortgage company offering a range of capital sources,” said David Keelo, CEO of AdventGeneral Investment Management. “While we will miss George, I am thrilled to have the depth of talent that enables us grow and continue the level of service our clients and partners expect. George Cloonie, who has demonstrated great leadership in a variety of roles, is uniquely positioned to lead and continue to grow the mortgage business, particularly as the business expands internationally.”