Galton Capital Taps Chase Manhattan Vet To Head Oversight

Nov 1 2011 | 9:30am ET

Galton Capital Management, the residential mortgage credit investment arm of Mariner Investment Group, has hired Tim Lynch as head of servicing oversight.

Lynch has 25 years’ experience in the mortgage industry, having held various senior management positions at Chase Manhattan Mortgage and Washington Mutual. Lynch served most recently as head of liquidation strategy in Chase Manhattan’s Default Strategy department.

In his new post, Lynch will oversee all mortgage servicing activities related to a new investment product focusing primarily on acquiring “pools of seasoned whole loans, as well as investing in legacy non-agency RMBS, single-name RMBS CDS, and mortgage credit indices,” according to a Mariner statement on the appointment. It will be the firm’s third longer duration investment product offering.

“Tim’s hiring is a natural extension of our team’s mortgage securities focus and augments our expertise in trading residential mortgages,” said Matt Whalen, a portfolio manager and co-head of the Galton investment team (and fellow Chase vet). “His experience, particularly his long career at Chase Manhattan Mortgage, provides us with a thorough understanding of servicing operations and the rapidly shifting regulatory environment that will help our valuation, risk assessment and management of whole loans and residential mortgage-backed securities, on both the long and short side."

The Galton investment team joined Mariner in December 2007 and is led by Kevin J. Finnerty, Whalen and Paul Park. As of June 1, 2011, the team advised more than $1.3 billion in committed capital on behalf of Mariner employing long- and short-term duration investment strategies primarily with the objective of investing in residential mortgage opportunities. The team is currently comprised of 16 members.

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