NEW YORK CITY-Finance veteran Michael Mazzei has left Bank of America Merrill Lynch to take the reins as president of Ladder Capital Finance Holdings LLLP, the company unveiled Friday morning. In his new role, Mazzei has been tapped to expand the firm’s asset management business and continue to develop its securitization platform.

With a track record of reducing virtually all of BofA’s legacy CMBS assets and re-starting the CMBS 2.0 business, chief executive officer of Ladder Brian Harris describes Mazzei “a peer and a partner,” noting that the company “will benefit greatly from his experience and deep product knowledge.”

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