Brad Serwin News Today

A Midwest lender is also laying off local employees while a Florida bank is shutting down its nationwide network of mortgage offices.

(Compass/Instagram) With the push of a button, Robert Reffkin and Ori Allon rang the opening bell of the New York Stock Exchange on Thursday morning, kicking off trading on Compass’ first day as a public company. The co-founders, grinning and clapping, slung their arms around each other and bumped fists to mark the occasion. Late Wednesday, Compass priced its stock at $18 per share, 30 percent lower than it initially targeted. Compass’ IPO has been one of the most-closely watched in the bro...

At $20.15 a share, those shares are worth $384.9 million. Joseph Sirosh. Compass Sirosh has been in his current role since December 2018. Prior to joining Compass, he was chief technology officer for artificial intelligence at Microsoft from 2013 to 2018.  Before that, he was a vice president for nine years at Amazon, where he managed the global inventory platform for Amazons consumer busines...

Compass’ C-suite gets IPO-ready Compass overhauled its C-suite and reorganized key departments ahead of what’s the most anticipated IPO of a residential brokerage in years. With 18,000 agents on its roster, the New York brokerage also has 2,000 employees nationwide. Founded in 2012, Compass has raised $1.5 billion from investors and recently hired bankers for a potential public offering. Since the departure of COO Maëlle Gavet last year, eight C-level executives report to co-founder and CE...

Scott Wahlers, Scott Grossman, vice president of corporate financial planning. Joined in October 2020 after holding a similar role at Spotify. Formerly HBO and CBS Radio. Gary Kurotori, Urvin Pandya, CFO East Region. Joined Compass in 2019 after 16 years at Realogy. Realogy later accused him of sharing private documents and sued to enforce his noncompete; it dropped the suit this year.   Business Ops Rob Lehman, chief business officer. Former McKinsey associate who joined Compass five mont...

Scott Wahlers, Scott Grossman, vice president of corporate financial planning. Joined in October 2020 after holding a similar role at Spotify. Formerly HBO and CBS Radio. Gary Kurotori, Urvin Pandya, CFO East Region. Joined Compass in 2019 after 16 years at Realogy. Realogy later accused him of sharing private documents and sued to enforce his noncompete; it dropped the suit this year.   Business Ops Rob Lehman, chief business officer. Former McKinsey associate who joined Compass five mont...