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Vice Capital Markets Shakes Up Executive Ranks with New President

""Vice Capital Markets"":https://www.vicecapitalmarkets.com/Default.aspx, one of the nation's leading mortgage hedge advisory firms, named former managing director Troy D. Baars president.

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Baars joined the company in early 2008 during the onset of the financial crisis. During his tenure, he has been instrumental in helping the company's clients successfully navigate through market movements and changes in the landscape of mortgage salability. His work helped the company triple its size at a time when others were struggling to keep clients.

""Troy has done a magnificent job since joining the company five years ago as Managing Director. He not only brought a deep and complex level of experience to the company, but quickly earned the trust and confidence of our clients, our traders, and other employees,"" said CEO Chris Bennett. ""Over the past several years, Troy has gradually assumed many of the duties of President, so in a sense this promotion for him recognizes of the role to which he has already so effectively evolved.""

A 17-year veteran of the mortgage industry, Baars' career is rooted in the secondary and capital markets, having been in charge of all hedging and related secondary marketing functions for a large mortgage banking firm as well as SVP of correspondent lending for a savings bank.

""I'm honored by this opportunity to continue Chris' tradition of strong leadership, customer service and employee focus,"" Baars said. ""We're so fortunate to get to work with such a terrific group of clients, and I look forward to continuing our mission to be the very best hedge advisory firm in the country in my new role as President.""

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