Redwood Alters Executive Roles, Adds New President

A new president has been appointed at ""Redwood Trust"":www.redwoodtrust.com/, with the company's announcement that Brett Nicholas would take on the executive role.

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Replacing CEO Martin Hughes in the position, Nicholas was previously Redwood's chief investment and chief operating officer. Redwood stated that Hughes will retain his title as CEO. Meanwhile, Hughes will be replaced as chief investment officer by Redwood's current managing director, Fred Matera.

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Commenting on Matera's promotion to the position, Hughes noted, ""Fred's deep experience and insight into fixed income capital markets has been invaluable in growing our business, and developing successful risk-adjusted investment strategies for Redwood.""

Adding his thoughts on Nicholas' ascension to president of the company, Hughes continued, ""Brett has demonstrated strong leadership as Redwood's chief operating officer since his appointment to the position in 2010, as well as over his nearly 16 years with the company. Brett and I have worked together closely for several years, including as co-chief operating officers, and I have the highest regard for his contributions to Redwood and for his role in the future success of the company.""

Following the mortgage crisis, Redwood has become the only company in the U.S. issuing privately funded residential mortgage-backed securities, and market watchers are paying attention to pre-sale evaluation from ""Fitch Ratings"":www.fitchratings.com/ that indicate Redwood will soon initiate a fourth sale, rumored to be worth $415 million.