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Western Asset Mortgage Capital Corp. in Pasadena Announces New President, CEO

Published on Tuesday, September 7, 2021 | 12:18 pm
 

Pasadena-based Western Asset Mortgage Capital Corp. on Tuesday announced the selection of a new company president and a new CEO.

The new appointments follow the departure of President, CEO and Board of Directors Member Jennifer Murphy, who will leave the real estate investment fund to pursue other opportunities as of Oct. 1, Western Asset Mortgage Capital Corp. said in a written statement.

Effective the same date, the board has named Bonnie Wongtrakool to take over as CEO and Lisa Meyer to become company president, the statement said.

Wongtrakool will also be appointed to the board, according to the company. Meyer will simultaneously continue serving in her current role as chief financial officer.

“Both Ms. Wongtrakool and Ms. Meyer will work closely with Ms. Murphy, who will remain with the Company as a Senior Advisor through December 31, 2021, to ensure a smooth transition of leadership,” the statement said.

Board Chairman James  W. Hirschmann bid Murphy a fond farewell and welcomed the new company leaders.

“On behalf of the Board, I want to thank Jennifer for her years of service and many contributions to the Company and wish her the best in her new venture,” he said in a statement.

“We look forward to welcoming Bonnie Wongtrakool as a Director and CEO of the Company. Bonnie’s strategic vision and broad knowledge of all aspects of our business, as well as the depth of her investment experience, particularly in mortgage-related assets, make her an ideal leader for WMC,” Hirschmann said.

“We are also pleased to elevate Lisa Meyer, CFO, to the additional role of President of the Company, reflecting her ongoing and important contributions to our financial and operating strategies,” he added.

Wongtrakool has been with the company since 2003 and has more than 22 years of experience in the investment industry, according to Western Asset Mortgage Capital Corp. Meyer has more than 23 years of experience in the industry and joined the company in 2016.

More information on Western Asset Mortgage Corp. is available on the company’s website at westernassetmcc.com.

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