BOSTON, Nov. 15, 2021– DebtX, a premier service provider to secondary debt markets, today announced that Bill Looney, the company’s President and one of the industry’s most experienced loan sale executives, has been named CEO.
Looney, who retains the title of President, succeeds Kingsley Greenland, DebtX’s Co-Founder and CEO for the past 21 years. Greenland will continue to be engaged with DebtX as Executive Chairman, supporting the company and Board of Directors.
“Bill Looney has been a great partner over the past 20 years, and he has been an integral part of DebtX’s phenomenal success,” Greenland said. “Bill is absolutely the right executive to lead DebtX going forward. His appointment to CEO is part of our long-term succession plan.”
“I am grateful for Kingsley’s leadership and collaboration over the years. I’ve been privileged to work alongside him and with our terrific team. My objective is to ensure DebtX remains the market leader by maintaining our culture, service ethic and intensive focus on innovation,” said Looney.
For over two decades, DebtX transformed the loan sale advisory business, bringing innovation and technology to a previously analog, time-consuming process. DebtX pioneered technology-enabled buying and selling of whole loans and developed a series of digital solutions, including loan valuation, analytics, market data and software, to significantly streamline the loan sale process.
Since inception, DebtX has executed more than $45 billion in loan sales for 800 financial institutions in more than 2,000 engagements. More than 6,500 marketplace participations are active on DebtX each month. DebtX’s syndication business includes 850 sellers and syndicators. DebtX’s analytics unit provides loan level analysis on more than $2 trillion in loans each month.
DebtX operates the world’s largest marketplace for loans. Through its loan sale advisory, DebtX maximizes loan sale proceeds for financial institutions and government agencies. DebtX also provides loan valuation, analytics and market data for regulatory and audit purposes. For banks preparing for CECL, DXCDA is a fully outsourced, independent service that saves time and money. For syndication, agency, and loan sale professionals, DebtX provides a suite of web-based deal management solutions. For loan originators and risk managers, DXScore® is the firm’s credit rating system for commercial real estate loans. DebtX is based in Boston, with offices across the U.S., South America, and Europe. Call 617.531.3400 or visit www.debtx.com. Follow DebtX on Twitter and LinkedIn.