Christopher Connelly Appointed Senior Managing Director of Zetabid

. November 27, 2008

Zetabid, the pioneering firm redefining home auctions in the U.S., today announced that Christopher Connelly, a financial services executive with more than 20 years of experience, has been appointed Senior Managing Director of Zetabid.

Connelly is responsible for Global Business Development at Zetabid. Together with a veteran sales team, Connelly will be managing relationships with financial institutions across the country and securing inventory for Zetabid auctions of bank- and builder-owned homes.

“Chris Connelly is a proven and dynamic leader who has more than 20 years of lending and capital markets experience, and we are excited to have him join Zetabid’s executive management team,” said Zetabid Chairman Bob Bellack. “Chris’ strategic understanding of the national foreclosure market will enable Zetabid to accelerate its mission of helping financial institutions liquidate REO at the maximum price. Chris’ ability to help financial services companies create new solutions will be of tremendous value to Zetabid’s clients.”

Prior to joining Zetabid, Connelly ran National Home Auction, a national foreclosure company. Prior to that, Connelly was a Managing Director of Natixis Capital Markets in New York, where he led the banking effort for the firm’s asset securitization and finance group. During his six years at Natixis, Connelly helped the group purchase and securitize more than $20 billion of mortgage loans and maintained a warehouse lending book of more than $5 billion.

About Zetabid

Zetabid makes it easy and convenient for consumers to purchase bank- and builder-owned homes at Zetabid’s public auctions. A venture of the Los Angeles Times Media Group, GoIndustry-DoveBid and CataList Homes, Zetabid expands access to the inventory of residential properties sold at auction and opens up the market to U.S. and international buyers. Zetabid offers the widest reach and greatest awareness of auction inventory through its national network of print, broadcast and online partners. For more information, visit http://www.zetabid.com or call 888.4-ZETABID (888.493.8224).

Category: Auction News

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