NEW YORK CITY-As Mayor Michael Bloomberg's admisistration enters its twilight phase, yet another high ranking official has left office and taken a position in the private sector.
Matthew Wambua, commissioner of the Department of Housing Preservation and Development, is leaving civil service and—as of October—he will become president of RHR Funding LLC, part of the Richman Group's mortgage lending business that includes RICHMAC Funding LLC. RuthAnne Visnauskas, currently the HPD's deputy commissioner for development, will take the helm of the organization in early September.
At RHR, Wambua will be charged with growing and expanding the firm's new mortgage lending platform nationally and within the New York market. He was unavailable for comment at press time.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
