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RAIT Financial appoints Michael Malter as chairman

RAIT FinancialRAIT Financial Trust announced that it has elected Michael Malter to serve as chairman.
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Mr. Malter is a retired investment banker having served in a variety of senior management positions at JPMorgan Chase & Co. and its predecessor firms from 1988 until 2005.

He retired as the Co-Head of the Global Financial Institutions Group of JPM in 2005.

Mr. Malter currently serves as a director or member of the advisory committee of four investment vehicles that each use Varadero Capital, L.P., an SEC registered investment adviser, as their respective investment manager.

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