GMAC Institutional Advisors Names Randi Stieving to Compliance Position.Business Editors HORSHAM, Pa.--(BUSINESS WIRE)--Aug. 7, 2001 GMAC Institutional Advisors LLC (GIA), a subsidiary of GMAC Commercial Mortgage Corporation (GMACCM), has named Randi Stieving Vice President and Compliance Officer of its unit. Randi will be located in Horsham and will be responsible for establishing and administering compliance programs for the investment advisor business. She will also work closely with the business on adhering to regulatory guidelines and will act as liaison with regulators for maintenance of registration and any audit requirements. Randi, with 10 years of investment industry experience, joins GIA from The Vanguard Group of Investment Companies where she managed a team of compliance professionals responsible for NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). supervision, OFAC and money laundering compliance, brokerage compliance, code of ethics Code of Ethics can refer to:
Randi has a BS in Journalism and a BA in English from West Virginia University West Virginia University, mainly at Morgantown; coeducational; land-grant and state supported; est. and opened 1867 as an agricultural college, renamed 1868. and a Juris Doctor degree from the American University - Washington College of Law The American University Washington College of Law (WCL) is a private ABA-certified American law school. It is located on Massachusetts Avenue in the Spring Valley area of Northwest Washington, DC. . She is currently enrolled at Villanova University Law School, where she is pursuing a Master of Laws Noun 1. Master of Laws - an advanced law degree LLM law degree - degree conferred on someone who successfully completes law school in taxation. Randi also holds NASD Series 7, 63, 24, 4, and 53 securities licenses. GIA, based in Horsham, is a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of GMACCM, the nations largest commercial mortgage financial services firm. GIA, formed in October 2000, presently manages over $1 billion of third party assets across several investment platforms. The group is small, client-driven, highly focused investment advisor and fiduciary to some of the nations largest pension plans. GMACCM is an industry leader in loan origination, servicing, asset management and securitization of commercial mortgages. The diverse lending and servicing specialist has more than 60 offices nationwide. GMACCM has a servicing portfolio exceeding $108 billion, and provides a variety of financing products and services including permanent, interim, and construction lending, with specialized lending units focused on healthcare and hospitality as well as e-commerce offerings through Internet commercial mortgage lending. News releases and other information about GMACCM and its products and services are available at http://www.gmaccm.com on the Internet. |
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