Capital Markets Chief at Ally/GMAC Bolts for Fannie Mae

It appears that possible salary and bonus caps at the GSEs are not hurting the recruiting efforts of at least Fannie Mae.

According to industry officials familiar with the matter, Fannie has hired Adam Glassner, executive vice president in charge of capital markets for GMAC Mortgage, a trade name for Ally Financial’s mortgage division.

A spokeswoman for Ally confirmed that Glassner has left Ally “for another opportunity.” His position was filled internally by Craig Evans who will be in charge of correspondent lending, wholesale, and warehouse operations.

During his career Glassner has worked for such firms as Banc of America Securities, and Carillon Advisors.

At B of A he served as a managing director with responsibilities for the bank’s investment portfolio.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_530/chief-ally-gmac-fannie-mae-1028693-1.html

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