Brian Horner, a principal of El Segundo-based Venture West Funding, says the hiring of Braly is part of a growth strategy in which the firm aims to increase its core business while expanding its product offerings and geographic reach, with Braly to develop and implement the strategies to achieve those goals.
Braly held his posts at Hawthorne Financial Corp. and Hawthorne Savings for nearly seven years. During his tenure, according to a Venture West announcement, he orchestrated the bank's initial turnaround from near insolvency; its initial recapitalization and several subsequent, successful capital-raising initiatives; and the establishment and substantial growth of several mortgage financing businesses. Today, Hawthorne is one of the largest community banking organizations in Southern California. Before joining Hawthorne, Braly served as the president and CEO of Valley Federal Savings and Loan and as the COO and CFO of Bel-Air Savings and Loan. He began his professional career with the international accounting firm of Touche Ross & Co. (now Deloitte & Touche).
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