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GENE C. MCQUOWN NAMED NATIONAL DIRECTOR OF ASSET MANAGEMENT FOR J.E. ROBERT COMPANIES

 GENE C. MCQUOWN NAMED NATIONAL DIRECTOR OF ASSET MANAGEMENT
 FOR J.E. ROBERT COMPANIES
 ALEXANDRIA, Va., Aug. 10 /PRNewswire/ -- Gene C. McQuown, senior vice president and executive committee member, has been named national director of asset management for the J.E. Robert Companies, chairman and chief executive officer Joseph E. Robert, Jr., announced today.
 McQuown's new responsibilities will include asset management development and resource allocation, performance standards, and development of innovative methods to accelerate net capital recovery on government contract and investment portfolios. McQuown will relocate to the J.E. Robert Companies headquarters in Alexandria, and will continue to report to President and Chief Operating Officer Donald Crocker.
 "Gene's great ability and remarkable background in asset management make him a natural choice to head our national asset management operations," Robert announced. "His role in overseeing the University Federal Savings contract, the first major asset management and disposition contract awarded by the RTC, has established him as a national leader in managing troubled real estate assets."
 For the past three years McQuown has supervised $3 billion in RTC contracts that J.E. Robert Companies has managed through its Houston and Dallas offices. Prior to joining J.E. Robert in 1989, he served as regional manager of the Federal Asset Disposition Association (FADA) for the Dallas region and as its national participations director. He managed FADA's $2.1 billion Vernon Savings Portfolio. McQuown previously served as vice president, Special Bank of Dallas, N.A.
 McQuown holds a Bachelor of Arts degree from Louisiana State University and a Masters of Business Administration from the University of Dallas.
 J.E. Robert Companies is one of the largest asset management/capital recovery firms in the country with more than $10 billion of real estate and loans under management or oversight. Headquartered in Alexandria, Va., the firm has regional offices in every major market in the nation.
 -0- 8/10/92
 /CONTACT: Ann Stephenson of J.E. Robert Companies, 908-439-3660/ CO: J.E. Robert Companies ST: Virginia IN: FIN SU: PER


PS-KW -- NY029 -- 8450 08/10/92 10:53 EDT
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Publication:PR Newswire
Date:Aug 10, 1992
Words:344
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