Monte Koch Appointed Co-CEO of Auction.com, LLC

July 16, 2012 - PRLog -- Auction.com (http://auction.com/), the nation’s leading online real estate marketplace, today announced that Monte Koch, a founding partner and board member, will take on the additional role of co-chief executive officer.

Koch joins Auction.com after a long career in investment banking, most recently at Deutsche Bank Securities Inc. where he serves as that firm's Global Head of Real Estate Investment Banking.

Koch has been a key part of Auction.com in a non-executive capacity since its inception and has acted as a guiding force in the company’s phenomenal growth.  As the company continues its rapid expansion into new areas of real estate sales and services, Koch was asked to join the executive ranks and lend his expertise and experience to the company on a full-time basis.

“Monte has been instrumental in the development and success of Auction.com,” says Jeffrey Frieden, a founding principal and co-CEO. “With his long track record of building and managing high-performing teams, combined with deep knowledge of the real estate industry and Auction.com, his expanded leadership role will help fuel our ongoing expansion and enhance our already high level of service, particularly to financial industry clients.”  

As co-CEO, Koch will be responsible for creating an enhanced corporate culture that focuses on scaling the company’s operations to support its continuing growth, both domestically and internationally.

“I am very excited to join the Auction.com executive team,” added Koch. “As a board member, I have worked closely with the leadership team of this unique company for several years as they have created the nation’s leading online real estate marketplace. The results of their efforts to date are nothing short of remarkable, and I am energized by the opportunity to continue building the platform to achieve our vision of transforming the way real estate is bought and sold.”

As Deutsche Bank's Global Head of Real Estate Investment Banking, Koch built the real estate banking team into one of Wall Street's most successful practices. During more than 25 years of investment banking experience, Koch also served as Deutsche Bank's chairman of M&A for the Americas, leading strategic dialog and tactical deal execution for some of the firm's most prominent clients. In the coming months, he will continue to advise on active transactions for his banking clients as he transitions into his new role at Auction.com.

About Auction.com:  
Established in 1990, Auction.com has pioneered modern real estate auctions and created the nation’s leading online real estate marketplace. It has established a leading position in its industry by selling more than $15 billion in real estate assets at auction since 2007. Additional services include residential loss mitigation and title agency and escrow/closing services. Primary clients are residential and commercial mortgage lenders, servicers and home builders. Auction.com’s success is based on the aggregation of real estate assets that are marketed and sold in large format auctions across the country and online. Auction.com is headquartered in Irvine, California and has offices in Newport Beach, Dallas, Miami, Silicon Valley and New York. Visit http://auction.com/ for more information.