Redwood Trust Inc., an investor in residential mortgage and other asset-backed securities, named a new chief financial officer and hired a big-bank veteran of post-financial-crash mortgage securities for new executive position.
The Mill Valley-based specialty financier (NYSE: RWT) hired Dashiell “Dash” Robinson to the newly formed position of executive vice president, overseeing finances and the investment portfolio, the company said.
He will start in October and report to President Chris Abate.
"We have worked with Dash extensively in his capacity as a senior member of Wells Fargo's investment banking business and feel like his cultural alignment, strategic mindset and leadership experience put him in a unique position to join our team and make an immediate impact,” Abate said.
“Marty and I look forward to partnering closely with Dash as we work toward achieving Redwood's long-term strategic objectives."
Marty Hughes is CEO of Redwood Trust.
Redwood Trust is promoting Collin Cochrane to chief financial officer, effective Sept. 1.
Abate has been interim CFO since his promotion to president in July 2016.
Cochrane has been controller and managing director since March 2013, when he came to the company.
He will report to Robinson.
"To see Collin perform so well since he joined us in 2013 as our controller, and considering his significant past experience, we thought he was the best candidate to step up and support Dash, and broaden the base of our executive team."
Robinson has been at Wells Fargo Securities since 2009, serving within the Asset-Backed Finance Group as the head of mortgage finance, Redwood Trust said.
He has led a team of more than 100 responsible for financing and distributing residential mortgage products and for serving more than 150 operating and investor clients.
Robinson was a leader of a team that managed the post-crisis development and integration of Wells Fargo Securities' residential mortgage finance business following the acquisition of Wachovia by Wells Fargo in 2009.
Before that time, he was in the Structured Credit Products Group at Wachovia Capital Markets from 2001 to 2008, in banking, structuring and risk mitigation roles.
Robinson earned a B.A. degree from Georgetown University.
Prior to joining Redwood Trust, Cochrane was chief accounting officer and controller for iStar Financial Inc. from 2001 to March 2013.
Before that, he was an auditor for Ernst & Young, LLP, from 1999 to 2001.
Cochrane is a certified public accountant and holds a Bachelor of Science in accounting from the Leventhal School of Accounting at the University of Southern California.