Crystal River Capital (CRZ) Appoints William Powell as its President and Chief Executive Officer
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- Crystal River Capital (CRZ) Appoints William Powell as its President and Chief Executive Officer
Crystal River Capital, Inc. (NYSE: CRZ) has appointed William Powell as its President and Chief Executive Officer (CEO), effective Tuesday, May 13, 2008. Mr. Powell joins Crystal River from his former position as co-head of Brookfield Asset Management's Real Estate Finance Funds Group. Mr. Powell has over 20 years of real estate investment experience, focusing on commercial debt, structured finance and commercial real estate equity markets.
Mr. Powell succeeds Clifford Lai, who has served as Crystal River's President and Chief Executive Officer for the past three years. Mr. Lai will focus his efforts on growing Brookfield Asset Management's investment management platform, where he is a Managing Partner. He will remain a member of Crystal River's Board.
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