Clayton Holdings Announces Executive Appointments

Tue November 05, 2013

Shelton, Conn., Nov. 4, 2013 – Clayton Holdings LLC (Clayton), a leading provider of loan due diligence, surveillance and consulting services to the mortgage industry, announced today Joe D’Urso has been named president and chief operating officer (COO) of the company, effective immediately. In this role, D’Urso will oversee all of Clayton’s U.S. business units. He will report to Paul Bossidy, who remains the chief executive officer of Clayton.

“Joe has done a superb job leading our Green River Capital (GRC) subsidiary since Clayton acquired that business in early 2012,” Bossidy said. “I have no doubt that Joe will continue that outstanding performance as he assumes responsibility for Clayton’s U.S. business units, including GRC. He is quite familiar with the Clayton suite of offerings as he used the company’s services for many years as a client.”

D’Urso has 23 years of experience in the financial services industry having served in leadership roles for companies such as Merrill Lynch and Goldman Sachs.

Lorenz Schwarz has been named president of GRC in addition to his current role of COO of that business unit. Schwarz, who has been COO of GRC since 2012, is now responsible for managing all of GRC’s day-to-day operations.

“Lorenz has done an outstanding job since joining GRC a couple of years ago,” Bossidy added. “With 25 years of experience in the REO industry, he has displayed unmatched domain knowledge and a deep commitment to world-class customer service. I am confident that GRC will continue to grow and flourish under the strong leadership of Lorenz.”

These organizational moves will not affect Clayton or GRC clients or relationship management efforts.