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NewDay USA has named Paul “Tim” Thompson III as its new chief financial officer. Thompson, a Wall Street veteran, is the former chairman and chief executive officer of The Darby Creek Company, an investment banking consulting firm. Prior to that, he served as managing director and chief executive officer of the Kelso Mezzanine Fund. He also served as managing director at Credit Suisse First Boston and at Donaldson, Lufkin & Jenrette Securities Corp., where he was chief credit officer of the investment banking group and chairman of the credit commitment committee.
Prior to joining DLJ, Thompson was with First Boston Corp., where he worked in the project finance group and later started the acquisition finance group. Thompson was also a senior managing director at FBR & Co. Thompson received a Bachelor of Science in Economics from the Wharton School of Business at the University of Pennsylvania.
“We are pleased to have Tim join our senior management team as we build the leading mortgage company in the veteran marketplace,” said Robert Posner, chief executive officer of NewDay USA. “He has a tremendous background in capital markets and credit risk and brings a deep understanding of NewDay after serving as a member of our Board of advisors for 10 years.”
“I am thrilled to have the opportunity to help more of America’s veterans and their families,” Thompson said. “I take seriously our mission to help veterans achieve the financial security and peace of mind they deserve.”