CDOs
Plenty has been written about the CDO and its role as a central character in the housing bubble that ushered in the credit crisis. This week I am not writing about Collateralized Debt Obligations, but instead, a different CDO – the Chief Diversity Officer, a role that some companies are adding to their C-Suite lineup. The CDO is charged with laying the foundation and promoting an environment where women and minorities can flourish. Without a focus on diversity and advocacy for change, it is likely that a company's majority of white males will continue to dominate the organization. Unfortunately, real estate lags behind corporate America, having little diversity among executives and even less focus on change. Aside from a positive image, some say diversity impacts the bottom line by reducing employee turnover, enhancing innovation and attracting new business. I'm not sure exactly how one can account for the benefits, but there is no doubt that it is the good, right, and very smart business thing to do.

Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.

Job Opportunities LOCATE A JOB

DIVIDEND CAPITAL REALTY TRUST
Acquisition Associate
(DENVER) The candidate will provide financial analysis, underwriting, and due diligence support to senior management for the firm's new investment activities.

SAIC
Deputy Director of Corporate Real Estate and Facilities
(MCLEAN, VA) The deputy director will be responsible for broad direction in all areas including management of an integrated outsourced vendor, day-to-day operations, maintenance, construction, sustainability and transportation, among other duties.

USAA REAL ESTATE CO.
Real Estate Accountant
(SAN ANTONIO) The portfolio accountant is responsible for accounting functions relating to a real estate portfolio consisting of office, multi-family, industrial, retail and hotel properties to include joint ventured properties.

FOREST CITY
Assistant General Manager
(RANCHO CUCAMONGA, CA) The assistant general manager assists with the daily management of a complex shopping center property which includes managing and directing all personnel and resources that are available to assure the center achieves maximum cash flow potential.

SELECTLEADERS
Director of Accounting
(PHOENIX) This individual will interface with all finance and operational entities on all matters relating to the financial performance of the portfolio, including acquisition transactions, rehab projects, and leasing.

PM REALTY GROUP
Asset Management Analyst
(GLENDALE, CA) The analyst will be responsible for assisting the asset management group of the client firm in the execution of its operating strategy on its national real estate investment portfolio.

CLARION PARTNERS
Chief Accounting Officer
(NEW YORK CITY) The primary responsibility of the chief Accounting officer is to oversee the accounting, budgeting, financial reporting, internal controls, cash management, tax, valuation and regulatory compliance functions of the fund.

CONFIDENTIAL
Research Manager
(ILLINOIS) The research manager will provide real estate market and business information for business development, client support and internal analysis purposes. They will also deliver statistics and analysis for use in the creation and publication of presentation materials and market reports.

Promotions SUBMIT A PROMOTION

No more than one submission per company will be considered per week.
Submissions with multiple names will be capped at three for coverage in Executive Watch.

FIDELITY NATIONAL TITLE
(NEW YORK CITY) Fidelity National Title promoted Timothy Oberweger to vice president of business development. Oberweger now oversees the generation of multi-family, retail, hotel, office, and residential real estate deals for the nation's largest title insurance underwriter. He has been with Fidelity National Title since September 2009.

New Hires POST A NEW HIRE

No more than one submission per company will be considered per week.
Submissions with multiple names will be capped at three for coverage in Executive Watch.

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