Dennis Dammerman, chairman of Capmark's board of directors, said, "Bill Aldinger is a world-class executive with a track record of driving strong performance through a clear focus on operational excellence and superior customer service. His experience will be invaluable as Capmark enhances its leadership position in the real estate finance industry."
Capmark, formerly known as GMAC Commercial Holding Corp., was acquired in March 2006 by an investor group led by affiliates of Kohlberg Kravis Roberts & Co. (KKR), Five Mile Capital Partners, LLC, Goldman Sachs Capital Partners, and Dune Capital Management, LP.
"We thank Bob Feller for his many years of leadership and dedication. Bob led the charge in positioning Capmark to be the strong and independent company it is today," said Scott C. Nuttall, a Capmark director and member of KKR. "We look forward to working with Bill Aldinger and Capmark's experienced and talented management team to drive ongoing business success at Capmark."
Aldinger added, "The Capmark business and organization is an outstanding platform for continued success across a vibrant industry. With my new colleagues, I am focused on building on all that has been achieved at Capmark and taking full advantage of the opportunities that exist to further enhance the quality of products and services we offer our customers."
Aldinger served until his retirement in April 2005 as the chairman and CEO of HSBC North America Holdings Inc., a wholly owned subsidiary of HSBC Holdings plc (NYSE:HBC), one of the world's largest banking and financial services organizations. HSBC North America is the holding company for all of HSBC's U.S. and Canadian businesses, including the former Household International. Aldinger joined Household in 1994 as its chairman and CEO. Prior to that, Aldinger was with Wells Fargo Bank, San Francisco (1986-1994), Citibank, New York (1975-1986), and U.S. Trust Company, New York (1969-1975).
Aldinger serves on the boards of directors of Illinois Tool Works, Inc., AT&T Inc., Charles Schwab Corporation, and KKR Financial Corporation. He earned his bachelor's degree from The Baruch School of City College of New York and his juris doctorate degree from the Brooklyn Law School.
Capmark is a leading real estate financial company with three core businesses: lending and mortgage banking, investments and funds management, and loan servicing. The company operates in North America, Europe and Asia.
Capmark's U.S. real estate lending and mortgage banking operations, Capmark Finance Inc., has access to multiple capital sources and offers the full range of financing solutions and resources. Capmark Finance is a direct lender, a correspondent for insurance companies, pension funds and other capital markets conduits and one of the leading approved lenders for Fannie Mae, Freddie Mac and HUD/FHA.
With a servicing portfolio of approximately $285 billion as of March 31, 2006, Capmark Finance is one of the industry's leading loan servicers.
Capmark's investments and funds management operation, Capmark Investments LP, is an established manager of equity real estate and mortgage-related investments in the public and private markets with $10.5 billion in investments under management and supervision as of March 31, 2006.
For more information about Capmark, visit www.capmark.com.