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Former BofA exec named CFO of Titanium Holdings |
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Tuesday, 02 June 2009 |
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Staff Report
FORT MILL – Charles Salter III, a former senior vice president with Bank of America, has joined Fort Mill-based Titanium Holdings as its CFO.
Titanium Holdings is the parent company of Titanium Solutions, a company that contacts and counsels homeowners facing foreclosure.
Salter will be responsible for all financial and fiscal management aspects of Titanium Holdings and its subsidiary operations. He will also provide leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the company.
“These are both exciting and challenging times in the financial industry,” Salter said. “I look forward to helping Titanium Holdings solidify its position as a leader in this industry. This position presents a unique opportunity for me to use my experiences and contribute to the continued growth of Titanium Holdings and its reputation with clients as a premier provider of loss mitigation solutions.”
Salter comes to Titanium Holdings with more than 15 years of experience in the financial services and mortgage industry. Prior to joining Titanium Holdings, Salter was senior vice president in the Corporate Treasury’s structured finance division of Bank of America where he oversaw the bank’s strategic capital and liquidity programs, including mortgage securitization and funding programs.
He was instrumental in the establishment of their Covered Bond Program resulting in the issuance of just over $9 billion of Covered Bonds, as well as structuring just over $30 billion of new mortgage protection with the GSEs. He joined Bank of America in 2002 and during his tenure he also held the position of Corporate Investments finance manager. Salter also held treasury and finance positions at Wachovia Bank and a senior accountant position at Arthur Andersen LLP. He has a B.S. in accounting from Wake Forest University in North Carolina.
“The success of Titanium rests in the expertise and dedication of the management team that we have assembled,” said Patrick Carey, CEO of Titanium Holdings. “As we continue to grow and expand our business into areas that align with the needs of our clients and the market, Chip’s background and expertise will be invaluable to the team. We are excited to have him onboard.”
Founded in 1999, Titanium works with mortgage service companies to contact homeowners facing foreclosure and educate them on all of their financial options. Titanium also provides property evaluations/inspections and broker price opinions to its clients.
The company was formerly headquartered in Salt Lake City, Utah. Titanium moved its headquarters to Fort Mill in December and occupies 42,000 square feet of space in the office tower of the Edgewater Office Park and plans to create up to 300 new jobs over the next five years.
Published June 2, 2009
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