PNC Announces Appointment of Diana Reid to Lead Real Estate Group
PNC has named Diana Reid executive vice president and head of PNC Real Estate Finance. Reid wil responsible for PNC Real Estate Finance's business units, which specialize in portfolio and secure lending, agency finance, low income housing tax credit equity investments and syndications and commercial mortgage servicing and technology.
Pittsburgh (PRWEB) July 16, 2007 -- The PNC Financial Services Group Inc. (NYSE: PNC), today announced the appointment of Diana Reid as executive vice president and head of PNC Real Estate Finance.
Reid will be responsible for PNC Real Estate Finance's business units, which specialize in portfolio and secure lending, agency finance, low income housing tax credit equity investments and syndications and commercial mortgage servicing and technology. She will report to William S. Demchak, PNC vice chairman.
Reid joins PNC from Beekman Advisors, where she was a founding and managing partner. In that role, Reid provided strategic advisory services to companies involved in real estate and mortgage finance, focusing on mergers and acquisitions, strategic assessments and corporate investments.
Prior to founding Beekman Advisors, Reid spent 19 years at Credit Suisse First Boston (CSFB), including 13 years in Fixed Income Trading and Capital Markets and six years in Investment Banking. Reid holds a bachelor of science degree from California State University and a masters in business administration from The Darden School at the University of Virginia.
"Diana has been an industry leader in the development of the real estate capital markets and, most recently, an investment banker advising real estate finance companies in the fast-paced M&A market," said Demchak. "This knowledge and experience will help Diana to lead our commercial real estate business into a new era of growth and expanded capabilities to serve the changing needs of our nationwide real estate customer base."
The PNC Financial Services Group, Inc., (www.pnc.com) is one of the nation's largest diversified financial services organizations providing consumer and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.
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