Friday SWFI News Roundup, July 25, 2014
CWCapital Asset Management’s Massive Sale of Distressed CMBS
According to Trepp, LLC, a provider on CMBS data and analytics, the first 5 months of 2014, 431 commercial mortgage-backed security loans adding to US$ 7.7 billion were liquidated with losses. Nearly 70% of the liquidated losses were between February and March. CWCapital Asset Management’s massive sale of distressed assets through CBRE and auction.com accounted for the majority of the liquidation amount.
APG Appoints Philip Neyt as Senior Advisor
Dutch pension provider APG Groep N.V. has appointed Philip Neyt, the former CEO for the pension fund of Belgian telecommunications company Belgacom, to be a senior advisor on the strategy and policy team. The senior advisor role is a new position.
In a press release, Dick Sluimers, CEO at APG, commented that Neyt’s “broad network will strengthen our stakeholder management in Brussels and abroad.”
CIT Buys OneWest Bank
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