Sorrento Names Ozonian Board Chairman

Private asset management firm Sorrento Capital named Steve Ozonian executive chairman of its board. Ozonian comes to Sorrento after a 25-year career that includes holding a variety of executive positions at Prudential Real Estate Services, Coldwell Banker, Realtor.com and Bank of America. The announcement comes weeks after the Irvine, Calif.-based firm acquired REO.com and announced plans to expand its operation in the residential and consumer finance industries. “The next few years for Sorrento Capital will be marked by significant, strategic growth, not only in the residential homeownership segment, but also in the consumer financial services markets as well,” Robert Knohl, CEO, board member and co-founder of Sorrento Capital, said in a statement. “We’re very pleased to welcome Steve to the board of directors, and we’re looking forward to leveraging not only his expertise in leading companies through high growth expansion, but also his continuous involvement in the industry and business community, and his intricate knowledge of strategically seizing opportunities within the homeownership segment.” Write to Austin Kilgore.