Freddie Mac Government Vice President and Chief Monetary Officer Christian Lown shall be taking his abilities to CoStar Group in July, executives introduced. Lown departs Freddie Mac on June 28.
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CoStar Group has employed Freddie Mac Government Vice President and Chief Monetary Officer Christian M. Lown as its new CFO. Lown will proceed his place with Freddie Mac till June 28, based on an announcement.
Christian Lown | Credit score: Freddie Mac
“I’m thrilled to join CoStar Group, which I’ve always held in high esteem for its incredible trajectory from startup to market leader in commercial real estate data and online real estate marketplaces,” Lown mentioned in an announcement. “Joining CoStar Group is a career honor, and I am very much looking forward to driving it forward with the rest of the senior management team to even greater heights.”
Lown has practically 30 years of expertise in banking and actual property finance, with high-level roles at Navient, Morgan Stanley, UBS, Credit score Suisse, CITIC CLSA and Peregrine Holdings. Lown earned his bachelor’s diploma from the College of Lynchburg and his grasp’s diploma from The College of Virginia’s Darden College of Enterprise.
Throughout his four-year tenure at Freddie Mac, Lown dealt with the corporate’s monetary controls, accounting, ESG technique, investor relations, monetary planning and reporting, tax, capital oversight and compliance, pulling the corporate out of a pandemic-induced monetary droop.
Lown can have related obligations at CoStar Group, alongside the duty of increasing the corporate’s monetary operations group by means of strong recruitment and retention efforts.
CoStar Group founder and CEO Andy Florance mentioned Lown is “the right person” to guide the corporate’s monetary operations group, and can present invaluable expertise as Properties.com grows its attain within the residential homebuying market.
“He brings an unparalleled understanding of M&A, capital markets and corporate finance and, through his time at Freddie Mac, an intricate knowledge of the homebuying market at a time when our Homes.com platform is experiencing exponential growth,” he mentioned. “I look forward to working with him to make CoStar Group even stronger in the years ahead.”
