Carrington Holding Co. LLC, based in Santa Ana, Calif., has hired Bill King as chief investment officer and head of asset and risk management. In this newly created position, King will assume responsibility for its two investment-focused business units, Carrington Capital Management LLC (an alternative asset management firm focused on control-based investing in the U.S. real estate, mortgage and fixed-income markets) and Carrington Investment Services (a registered broker-dealer with the U.S. Securities and Exchange Commission and member of the Financial Industry Regulatory Authority).
King was formerly head of securitized products at Citadel LLC. Prior to that, he was co-head of global securitized products at JP Morgan, where he previously held other executive positions, including head of U.S. securitized products, head of mortgage trading and head of pass-through trading.Â
