Boston Financial Investment Management Appoints Noreen Short as Chief Credit Officer
Boston Financial Investment Management announced that the company’s chief credit officer, Jim Dailey, will be retiring from the firm in June. Noreen Short, who joined Boston Financial last week as deputy chief credit officer, will assume the top role after Dailey’s departure, Commercial Observer has learned.
“Boston Financial’s proven track record and positive social and economic impact on communities across the country are what drew me to the company,” Short told Commercial Observer. “I’m looking forward to supporting the firm’s continued growth by helping to effectively manage its credit risk.”
Short hails from Capital One (COF), where she started on the equity underwriting side of the business, having underwritten more than $2 billion in Low-Income Housing Tax Credit multi-fund investments, before graduating to become a senior director and the head of portfolio management and responsible for a $6 billion affordable housing portfolio.
Prior to Capital One she worked for five years at MMA Financial (which would become Boston Financial).
“Noreen is a highly motivated professional with deep industry and investor base knowledge, as well as strong risk management experience, and we are thrilled that she will be joining our leadership team,” Greg Voyentzie, CEO of Boston Financial, said in a statement. “We are confident that Noreen’s experience, combined with our transition plan, will ensure Boston Financial’s continued ability to deliver best-in-class service and optimal solutions for our partners and positive outcomes for the communities we serve.”
Dailey was also with Boston Financial for nearly four decades, focused on affordable and low-income housing, touching on sales and asset management, while also tax credit acquisitions and corporate fund treasury advisory.
“Jim has been with the firm for 37 years and has been an outstanding member of our leadership team, helping us establish a strong approach to credit as well as a lasting legacy of community support,” Voyentzie said. “Jim is admired personally and professionally by all of us, and we are pleased that he will have more time to spend with his family and young grandchildren. We thank him for his many years of loyal service and tremendous contributions to Boston Financial and the affordable housing community.”
Update: This story originally misattributed source material. This has been corrected. We apologize for the error.
Emily Fu can be reached at efu@commercialobserver.com.
