Thursday, March 20, 2008

Arbor Promotes Gary DeSimone to Vice President, Financial Planning and Analysis


UNIONDALE, NY -- Arbor Commercial Mortgage, LLC (“Arbor”) announces the promotion of Gary DeSimone (photo at right) to Vice President, Financial Planning and Analysis. Mr. DeSimone will oversee the development of financial planning, forecasting and budget processes for both Arbor Commercial Mortgage and Arbor Realty Trust and assist in the development of key metrics for monitoring business performance.

He will continue to support the CFO in investor relations maintenance and material preparation for quarterly earnings releases, calls and Board of Directors meetings for Arbor Realty Trust. He reports to Paul Elenio, (photo at left) Chief Financial Officer.

“Gary is an extremely valuable member of our finance team,” said Mr. Elenio. “He has continually demonstrated the financial management expertise and industry insight that have been essential in enhancing both the analysis and communication of our financial performance. His back-to-back promotions are reflective of his dedication and talent, and I am confident Gary will continue to be a great asset for Arbor as we continue to grow our franchise.”

Mr. DeSimone joined Arbor in August 2003 as Finance Manager and was promoted to Assistant Vice President, Finance in February 2007. He received a Bachelor of Business Administration degree from Hofstra University. He is located in Arbor’s headquarter office in Uniondale, NY and resides in Nesconset, NY.

Contact:
Ingrid Principe
Marketing Specialist
Arbor Commercial Mortgage, LLC 333 Earle Ovington Boulevard, Suite 900
Uniondale, NY 11553 Phone: 516-506-4298
Fax: 516-542-2555
Email: iprincipe@arbor.com
http://www.arbor.com/

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