Real estate finance company Ready Capital has named Andrew Ahlborn as chief financial officer. Ahlborn will succeed Rick Herbst, who will retire from the role on June 1.
Ahlborn joined Ready Capital’s manager, Waterfall Asset Management, in 2010 and has served as the company’s director since 2015. Before joining Ready Capital, Ahlborn worked at Ernst & Young from 2007 to 2010.
“Andrew’s proven to be a very strong financial executive whose strengths have contributed to Ready Capital’s strong competitive position in the market,” said Ready Capital Chairman and CEO Thomas Capasse. “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. 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.”