Mr. Adler has over 25 years of experience in the mortgage industry. Prior to joining SPM in 2014, Mr. Adler was a Managing Director at Citibank (2009-2014) with responsibility for residential mortgage servicing rights, origination pipeline management and asset disposition initiatives at Citimortgage. Prior to that (1993-2009), Mr. Adler was a Managing Director at Natixis Capital Markets and its predecessors (IXIS Capital Markets and CDC Capital) where he held increasing amounts of responsibility over time for U.S. securitized products, which included proprietary trading, analytic platform development, structured liability issuance and MSR management. From 1990 to 1993, Mr. Adler worked for M&T Bank where responsibilities included fixed income trading, asset and liability management and whole loan mortgage valuations used in the acquisition of various financial institutions. Before this, Mr. Adler was at Bear, Stearns & Company (1987-1989), where he was a manager in the Residential Whole Loan Trading Group with responsibilities for underwriting mortgages used in both Agency and private securitizations. Mr. Adler received his MBA from Columbia Business School (1990), a B.S. from the Wharton School of Business (1986) and is also a CFA Charter holder