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Ready Capital Corp. Reveals Executive Transition

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New York-based Ready Capital Corp. has appointed Andrew Ahlborn as Chief Financial Officer, effective June 1, 2019. He will succeed Rick Herbst, the Chief Financial Officer, who will retire from this role on that date.

“Andrew’s proven to be a very strong financial executive whose strengths have contributed to Ready Capital’s strong competitive position in the market. We are excited about promoting Andrew to the Chief Financial Officer position and expect a smooth transition as he leverages his deep understanding of the Company developed through the years,” stated Ready Capital Chairman and Chief Executive Officer Thomas Capasse. “Andrew’s experience, including his integral role in our key transactions in recent years has positioned him well to become one of Ready Capital’s next leaders. In addition to the management of the accounting and finance team, Andrew is active in the Company’s investor relations, capital markets, strategic M&A and business development activities.

Andrew Ahlborn joined Ready Capital’s manager, Waterfall Asset Management, LLC. in 2010 and has been Controller of Ready Capital since 2015. Having focused on Ready Capital since its formation in 2011, Mr. Ahlborn served a vital role in many significant corporate transactions since inception. Prior to Ready Capital, Mr. Ahlborn worked in Ernst & Young, LLP’s Financial Services Office from 2007. Mr. Ahlborn received a Bachelor of Science degree in Accounting from Fordham University’s Gabelli School of Business, is a CPA and is currently pursuing his Master of Business Administration through Columbia Business School.

Capasse continued, “On behalf of the entire Ready Capital Team, we thank Rick for his numerous contributions to the successful development of Ready Capital and wish him well in his retirement.  Rick has been instrumental to the significant progress and accomplishments the Company has achieved, and with his departure, he certainly leaves Ready Capital in a strong financial position primed for future success.”