NEW YORK, January 13, 2016 – Situs, the premier global provider of strategic Real Estate business solutions for the Financial Services industry, today announced that Nick Rudenstine joins Situs as President and Chief Operating Officer (COO). In this role, Mr. Rudenstine will have direct oversight of Situs’ business lines globally and will manage key functions throughout the firm. He will have responsibility for positioning Situs for the next stage of growth while working closely with CEO Steve Powel on strategic priorities across the company. “Nick is a seasoned professional with a deep knowledge base in multiple facets of Financial Services at the highest levels,” said CEO Steve Powel. “He brings a wealth of management experience that is perfectly suited to Situs as we enter a new phase of accelerated growth. Whether organic or M&A, Situs has multiple growth initiatives across the globe and Nick will be critical to ensuring we capitalize on every opportunity.” Prior to joining Situs, Mr. Rudenstine was a senior executive at JPMorgan where he successfully managed some of the firm’s largest operating service and markets-related businesses. At JPMorgan, Mr. Rudenstine was global head of the Custody & Fund Services business, with $21 trillion of Assets under Custody and a presence in over 100 markets around the world. During his tenure, Mr. Rudenstine drove the transformation of that business to become the market leader by focusing on client experience, driving additional revenue, and by aligning the franchise globally in key areas such as profitability, consistent delivery, and common infrastructure. Before joining JPMorgan, Mr. Rudenstine was an investment professional at Stone Point Capital and prior to that was in the M&A group at Smith Barney.
Situs is the leading consultant to the real estate financial services industry. For more than 30 years, Situs has offered a broad portfolio of strategic solutions including Real Estate Advisory, Regulatory Compliance, Asset/Loan Servicing, Data Management, Valuation, and Technology Solutions to help clients gain unique market insight, manage risk, and increase efficiencies.
Based in Houston, TX, Situs has offices across the US, Europe, and Asia and has been involved in more than $1 Trillion of total real estate deals. A rated servicer with Moody’s, Fitch, and Morningstar, Situs has more than $100 billion of assets under management and is ranked a top 20 servicer in multiple categories by the Mortgage Bankers Association. In 2015, Situs was awarded “Advisor of the Year” by Real Estate Finance & Investment. Situs Capital Management, LLC, a wholly owned subsidiary of Situs, is member of FINRA and SIPC and is a broker dealer registered with the SEC. For more information, please visit www.situs.com.