Angel Oak names new chief legal officer

Company taps ex-Goldman Sachs associate general counsel to fill the role

Angel Oak names new chief legal officer

Non-QM originator Angel Oak Companies has appointed former Goldman Sachs executive Timothy Saunders (pictured) as the new chief legal officer and general counsel for Angel Oak and its affiliates.

Saunders, who brings more than two decades of legal experience, will head all of Angel Oak’s legal affairs and regulatory compliance measures, as well as overseeing Angel Oak Capital and Angel Oak Mortgage Solutions’ legal, risk, compliance, and regulatory teams.

Before joining Angel Oak, Saunders served as general counsel and chief compliance officer at Reverence Capital Partners. Prior to that, he spent 21 years at Goldman Sachs, where he managed legal regulatory activity for the bank’s fintech, mortgages, commercial real estate, structured finance, and consumer finance business units as managing director and associate general counsel.

Sreeni Prabhu, managing partner and co-CEO of Angel Oak, commented in the company’s press release: “Tim’s legal acumen, strategic thinking and industry experience make him an invaluable addition to our executive team as General Counsel. He has consistently demonstrated expertise in anticipating challenges and managing risks. We are confident that he will use this skill set to navigate the legal and strategic aspects of our business, driving our firm toward further success.”

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“Tim’s exceptional legal experience will be instrumental in ensuring excellence in all regulatory and compliance affairs, which is critical to our success,” Angel Oak co-CEO Mike Fierman added. “I have no doubt that Tim will make significant contributions that will support our growth.”

“I am excited to join Angel Oak’s talented team and support the company’s growth moving forward,” Saunders said. “Given my background, I feel confident that I will make a significant impact for Angel Oak as we continue to execute across our asset management and mortgage origination businesses.”

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