RealtyShares names CCO

Real estate crowdfunding marketplace RealtyShares has named Arash Sotoodehnia Chief Credit Officer. He will manage the platform’s risk analytic framework, policies and guidelines.

Mr. Sotoodehnia joins RealtyShares from Citi, where he headed its risk policy and controls division. He has also worked in the risk departments of Ally Financial and Fannie Mae. In 1997 he earned his PhD in Economics from Johns Hopkins University

“Given Arash’s prior experience leading risk at firms such as Citi and Fannie Mae, I believe he will be very impactful not only to RealtyShares but also the entire industry,” said RealtyShares CEO Nav Athwal. “As we continue to build the leading online marketplace for real estate investing, our priorities include increased automation through technology and product improvements, greater liquidity through self-directed individual investors as well as institutions and more intelligent credit modeling to enhance our ability to address market and asset level risk.

“With the addition of Arash to the team, we have an amazing leader to really build the credit side of our business, which we believe will, in turn, attract additional liquidity from a diverse set of investors.”

Mr. Sotoodehnia explains his role.

“My job is to determine how we articulate the risk and implement policies and procedures in a way that’s innovative while adding value for our investors, sponsors and RealtyShares itself.”

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