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"Sorrento Capital":http://www.SorrentoCapital.com, a private asset management firm based in Irvine, California, announced Monday that it has named Steve Ozonian as its executive chairman of the board. [IMAGE] Ozonian has held key executive positions with industry leaders such as Prudential Real Estate Services, Coldwell Banker, Realtor.com, and Bank of America over the past 25 years. Sorrento said he was selected as head of the board, to lead the company's expansion within the homeownership and consumer finance segments because of his expertise in piloting growth among these organizations. Robert Knohl, CEO, board member, and co-founder of Sorrento Capital, said, "The next few years for Sorrento Capital will be marked by significant, strategic growth, not only in the residential homeownership segment, but also in the consumer financial services markets as well. We're very pleased to welcome Steve to the board of directors, and we're looking forward to leveraging not only his expertise in leading companies through high growth expansion, but also his continuous involvement in the industry and business community, and his intricate knowledge of strategically seizing opportunities within the homeownership segment." [COLUMN_BREAK]Ozonian brings with him a strong track record of building and growing organizations into market leaders. Previously, Ozonian was an executive with Coldwell Banker Corporation, which he helped build into a national organization. As chairman and CEO of Prudential Real Estate Services, Ozonian managed over 500 corporate service relationships, and led the company to achieve over $200 billion in annual property sales volume with over 50,000 sales associates. As CEO of Realtor.com, he built one of the largest consumer-facing web portals within the real estate segment, which now boasts a high volume of site visitors. Ozonian was also the national homeownership executive for Bank of America, where he grew the company's realtor/builder and corporate real estate services businesses into national entities. He is a member of the boards of directors of Tree.com, Global Mobility Solutions, Cyber Cities, BonzoBox.com, and Spinnaker Capital, and is on the advisory boards of Trulia Inc., Environmental Data Resources Inc., and Metropix. Commenting on his new responsibilities at Sorrento Capital, Ozonian said, "The residential and financial services markets are marked by a climate of cycles and constant change, but throughout these evolutions, there's always a need for liability-focused services. Sorrento Capital is positioned to fill that need. I'm looking forward to contributing to Sorrento Capital's growth, and to growing our family of companies that service definitive financial needs, for today and well into the future." "Sorrento Capital's":http://www.SorrentoCapital.com focus is on providing consumer-focused financial services through its business partners and through consumer direct channels. As a servicing partner to major organizations in the mortgage and real estate industries, Sorrento Capital's businesses offer solutions that address the rapidly evolving challenges of lending, debt management, asset retention, and property disposition.
