People: Ocwen Financial Corp (OCN)
OCN on New York Consolidated
41.17USD
24 May 2013
41.17USD
24 May 2013
Price Change (% chg)
$0.16 (+0.39%)
$0.16 (+0.39%)
Prev Close
$41.01
$41.01
Open
$40.76
$40.76
Day's High
$41.38
$41.38
Day's Low
$40.65
$40.65
Volume
1,016,653
1,016,653
Avg. Vol
2,153,700
2,153,700
52-wk High
$44.87
$44.87
52-wk Low
$15.58
$15.58
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
William Erbey |
63 | 2010 | Executive Chairman of the Board |
Barry Wish |
71 | 1996 | Independent Chairman Emeritus |
Ronald Faris |
50 | 2010 | President, Chief Executive Officer, Director |
John Britti |
53 | 2012 | Chief Financial Officer, Executive Vice President |
Timothy Hayes |
57 | 2013 | Executive Vice President, General Counsel, Secretary |
Paul Koches |
59 | 2013 | Executive Vice President - Corporate Affairs |
Catherine Dondzila |
50 | 2013 | Acting Chief Accounting Officer |
Nikhil Malik |
34 | 2013 | Treasurer and Chief Financial Officer of Ocwen Mortgage Servicing, Inc. |
Ronald Korn |
72 | 2003 | Independent Director |
William Lacy |
68 | 2002 | Independent Director |
Wilbur Ross |
75 | 2013 | Independent Director |
Robert Salcetti |
58 | 2011 | Independent Director |
Biographies
| Name | Description |
|---|---|
William Erbey |
Mr. William C. Erbey is Executive Chairman of the Board of Ocwen Financial Corp. From 1983 to 1995, Mr. Erbey served as a Managing General Partner of The Oxford Financial Group, a private investment partnership that was the predecessor of Ocwen. Mr. Erbey has also served as Chairman of the Board of Directors for Altisource Portfolio Solutions S.A. (“Altisource”) since July 2009. He is also the founder of Home Loan Servicing Solutions, Ltd. (“HLSS”) and has served as its Chairman since December 2010. He also has served as Chairman of the Board of Directors of Altisource Residential Corporation since July 2012 and as Chairman of the Board of Directors of Altisource Asset Management Corporation since March 2012. From 1975 to 1983, Mr. Erbey served at General Electric Capital Corporation in various capacities, most recently as the President and Chief Operating Officer of General Electric Mortgage Insurance Corporation. Mr. Erbey also served as the Program General Manager of GECC’s Commercial Financial Services Department and as the President of Acquisition Funding Corporation. He holds a Bachelor of Arts in Economics from Allegheny College and a Master of Business Administration from Harvard University. |
Barry Wish |
Mr. Barry N. Wish is Independent Chairman Emeritus of Ocwen Financial Corp. He previously served as Chairman of the Board of Directors of Ocwen from January 1988 to September 1996. From 1983 to 1995, he served as a Managing General Partner of The Oxford Financial Group, which he founded. From 1979 to 1983, he was a Managing General Partner of Walsh, Greenwood, Wish & Co., a member firm of the New York Stock Exchange. Prior to founding that firm, Mr. Wish was a Vice President and shareholder of Kidder, Peabody & Co., Inc. He holds a Bachelor of Science in Political Science and Doctorate degree from Bowdoin College. |
Ronald Faris |
Mr. Ronald M. Faris is President, Chief Executive Officer, Director of Ocwen Financial Corp. Mr. Faris served as Executive Vice President of Ocwen from May 1998 to March 2001, as Senior Vice President from May 1997 to May 1998 and as Vice President and Chief Accounting Officer of Ocwen from June 1995 to May 1997. From March 1991 to July 1994, he served as Controller for a subsidiary of Ocwen. From 1986 to 1991, Mr. Faris was a Vice President with Kidder, Peabody & Co., Inc. and from 1984 to 1986 worked in the General Audit Department of PricewaterhouseCoopers LLP. He holds a Bachelor of Science in Accounting from The Pennsylvania State University. |
John Britti |
Mr. John V. Britti has is Chief Financial Officer, Executive Vice President of Ocwen Financial Corp. He previously served as Executive Vice President of Ocwen responsible for Finance and Business Development from January 2011. Prior to joining Ocwen, Mr. Britti was Chief Operating Officer for mortgage insurer RMIC from 2005 to 2011. Mr. Britti held two positions at Freddie Mac as a Vice President running Field Sales and Pricing & Structured Transactions. Mr. Britti has also been a Vice President at Capital One running Thrift and Mortgage Operations. After business school, Mr. Britti worked at McKinsey & Company in their financial services industry group. He holds a Bachelor of Arts in Economics from the University of Maryland and a Masters of Business Administration from Dartmouth’s Amos Tuck School. |
Timothy Hayes |
Mr. Timothy M. Hayes has been appointed as Executive Vice President, General Counsel, Secretary of Ocwen Financial Corporation effective April 15, 2013. Prior to his appointment, Mr. Hayes served as Chief of Staff to the Chief Executive Officer of Homeward Residential, Inc., a subsidiary of Ocwen, since June, 2012. From January 2010 to November 2011, Mr. Hayes was Executive Vice President and General Counsel of the Financial Services Division of American International Group, Inc., and from July 2009 through January 2010 was General Counsel of American General Financial Services, Inc., a subsidiary of AIG. Mr. Hayes had previously served as Executive Vice President and General Counsel of Citi Residential Lending, Inc., and predecessor companies from 2005 through 2008. Mr. Hayes had previously served in other legal roles in the financial services industry. Mr. Hayes holds a Bachelor of Arts degree from the College of the Holy Cross and a JD /MBA from Southern Methodist University, and is a member of the State Bar of Texas. |
Paul Koches |
Mr. Paul A. Koches has been appointed as Executive Vice President - Corporate Affairs of Ocwen Financial Corp., and resigned as Executive Vice President, General Counsel, Secretary of the Company effective April 15, 2013. He previously served as Senior Vice President and General Counsel of Ocwen from August 2002 through August 2009. Prior to joining Ocwen, Mr. Koches was a Partner with Arent Fox, LLP in Washington, D.C. Mr. Koches holds a Bachelor of Arts from the University of Connecticut and a Juris Doctorate degree from the University of Miami Law School. |
Catherine Dondzila |
Ms. Catherine M. Dondzila is Acting Chief Accounting Officer of Ocwen Financial Corporation. Prior to her appointment, Ms. Dondzila acted as Chief Accounting Officer for the mortgage servicing rights portfolio which Ocwen acquired from Residential Capital LLC (“ResCap”), a mortgage originator and servicer and wholly-owned subsidiary of Ally Financial Inc., on February 15, 2013. From 2007 until Ocwen’s acquisition of the ResCap portfolio, she held the role of Executive Director, Controller and Chief Accounting Officer for ResCap. Ms. Dondzila had formerly served as the Senior Vice President, Business Unit Controller at Freddie Mac from 2004 to 2006, where she was responsible for all of the accounting operations of Freddie Mac’s business activities. Prior to Freddie Mac, Ms. Dondzila served in various roles for Bear Stearns & Co. from 1992 to 2004, ultimately serving as Senior Managing Director, Fixed Income Sales & Trading Business Area Controller from 2001 to 2004. Prior to Bear Stearns, Ms. Dondzila served as Director, Internal Audit for Credit Suisse First Boston from 1991 to 1992. Ms. Dondzila began her career at Deloitte & Touche LLP within the audit division, where she worked from 1984 to 1991. Ms. Dondzila holds a Bachelor of Science, Business Administration with concentrations in Accounting and Finance from Washington University, St. Louis. |
Nikhil Malik |
Mr. Nikhil Malik has been appointed as Treasurer and Chief Financial Officer of Ocwen Mortgage Servicing, Inc., a subsidiary of Ocwen Financial Corporation effective April 15, 2013. Prior to his current appointment, Mr. Malik served as an officer of Ocwen Financial Solutions Private Limited, an Indian subsidiary of Ocwen, since January 2012, during which time Mr. Malik was responsible for capital deployment for mortgage servicing portfolio acquisitions of Ocwen. From July 2006 to December 2011, Mr. Malik served as Vice President at Edelweiss Financial Services, a publicly traded financial services company where he was involved with managing the firm’s proprietary capital. From August 2004 to May 2006, Mr. Malik served as Manager, Corporate Strategy for Ocwen. Mr. Malik holds a Bachelor of Science degree in Engineering from the Thapar Institute of Engineering and Technology and a Masters of Business Administration from the Indian Institute of Management. |
Ronald Korn |
Mr. Ronald J. Korn is Independent Director of Ocwen Financial Corp. Mr. Korn is currently the President of Ronald Korn Consulting, which provides business and marketing services to a limited number of clients. Mr. Korn has been Director and Chairman of the Audit Committee of PetMed Express, Inc. since 2002. He has also served as a Director and Chairman of the Audit Committee of comScore, Inc. since October 2005. He was a partner and employee of KPMG, LLP from 1961 to 1991, where his client responsibilities included a number of financial institutions and various public corporations. He was admitted as a Certified Public Accountant in New York, Michigan and Florida, with licenses currently inactive. He was also admitted to the New York Bar in 1966, but has never practiced law. Mr. Korn holds a Bachelor of Science in Economics from the University of Pennsylvania, Wharton School and a Juris Doctorate degree from New York University Law School. |
William Lacy |
Mr. William H. Lacy is Independent Director of Ocwen Financial Corp. Mr. Lacy was formerly Chairman of Mortgage Guaranty Insurance Corporation and Chairman and Chief Executive Officer of MGIC Investment Corporation, Milwaukee, Wisconsin. Both corporations are providers of private mortgage guaranty insurance and other mortgage-related services. Mr. Lacy is also a Director of Johnson Controls, Inc. Additionally, Mr. Lacy is Chairman of Johnson Controls’ Finance Committee, serves on Johnson Controls’ Compensation Committee and serves as Johnson Controls’ lead director. Within the past six (6) years, Mr. Lacy also served on the board of ACA Capital Holdings, Inc. Mr. Lacy holds a Bachelor of Arts from the School of Business at the University of Wisconsin. |
Wilbur Ross |
Mr. Wilbur L. Ross, Jr., is Independent Director of Ocwen Financial Corp. Mr. Ross had been serving as an Ocwen Board Observer since the company purchased Homeward Residential Holdings, Inc. from WL Ross & Co. LLC, a private equity firm, in December 2012. Mr. Ross has served in numerous roles as principal financial advisor, investor and director in various companies across the globe operating in diverse industries. He currently serves as a director for several publicly traded companies. Mr. Ross holds an A.B. from Yale University and an M.B.A., with distinction, from Harvard University. |
Robert Salcetti |
Mr. Robert A. Salcetti is Independent Director of Ocwen Financial Corp. Mr. Salcetti previously served as a Managing Director at JPMorgan Chase from 1996 to 2008. Prior to his tenure at JPMorgan Chase, Mr. Salcetti held the position of Managing Director at Chase Manhattan Bank and Senior Vice President of TCB/Chemical Bank and its predecessor, Texas Commercial Bank. Mr. Salcetti earned a degree of Bachelor of Science in Business Administration from Carlow College in Pittsburgh, Pennsylvania. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
William Erbey |
19,621,900 |
Barry Wish |
-- |
Ronald Faris |
1,519,490 |
John Britti |
2,068,210 |
Timothy Hayes |
-- |
Paul Koches |
998,165 |
Catherine Dondzila |
-- |
Nikhil Malik |
-- |
Ronald Korn |
-- |
William Lacy |
-- |
Wilbur Ross |
-- |
Robert Salcetti |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
William Erbey |
1,277,442 | 6,578,286 |
Barry Wish |
0 | 0 |
Ronald Faris |
837,600 | 3,084,663 |
John Britti |
0 | 0 |
Timothy Hayes |
0 | 0 |
Paul Koches |
220,000 | 6,103,540 |
Catherine Dondzila |
0 | 0 |
Nikhil Malik |
0 | 0 |
Ronald Korn |
0 | 0 |
William Lacy |
0 | 0 |
Wilbur Ross |
0 | 0 |
Robert Salcetti |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
KORN RONALD J |
1,520 | $0.00 |
WISH BARRY NEAL |
1,520 | $0.00 |
SALCETTI ROBERT A |
1,520 | $0.00 |
ROSS WILBUR LOUIS JR |
1,520 | $0.00 |
WISH BARRY NEAL |
297,400 | $40.72 |
WISH BARRY NEAL |
202,600 | $40.44 |
ROSS WILBUR LOUIS JR |
236 | $0.00 |
KORN RONALD J |
2,000 | $37.50 |
KORN RONALD J |
2,000 | $35.23 |
KOCHES PAUL A |
200,000 | $33.75 |
KOCHES PAUL A |
155,000 | $4.82 |
KOCHES PAUL A |
6,250 | $4.82 |
KOCHES PAUL A |
38,750 | $4.82 |
ERBEY WILLIAM CHARLES |
50,813 | $1.69 |
ERBEY WILLIAM CHARLES |
33,875 | $1.13 |
ERBEY WILLIAM CHARLES |
40,635 | $34.35 |
ERBEY WILLIAM CHARLES |
104,365 | $34.53 |
WISH BARRY NEAL |
250,000 | $34.04 |
NAJOUR KENNETH D |
1,000 | $16.07 |
SALCETTI ROBERT A |
2,959 | $0.00 |
WISH BARRY NEAL |
2,959 | $0.00 |
KORN RONALD J |
2,959 | $0.00 |
KOCHES PAUL A |
20,000 | $16.49 |
KOCHES PAUL A |
20,000 | $4.82 |
BRITTI JOHN V |
18,000 | $0.00 |
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