MuniMae Midland operations will be grouped under three core activities, with president and chief operating officer Michael Falcone overseeing operations. He held those posts at MuniMae. Capital markets functions will be led by chief capital officer Gary Mentesana, former chief financial officer and senior vice president. Chief investment officer Keith Gloeckl, who was president and chief operating officer of the Midland Cos., will lead investment activities. Chief financial officer William Harrison will direct corporate accounting and administrative functions.
Mark Joseph will continue to direct overall strategy and board relations as chairman and CEO. As executive vice chairman, Bob Banks will provide direction on pension fund and developer relations, as well as serving as chairman of the credit committee and MuniMae Midland REIT.
MuniMae Midland originates, services and manages investments in multifamily debt and equity. At the end of the first quarter of 2001 its assets totaled $2.5 billion.
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