Redwood Trust appoints new board member

Redwood Trust, which invests in residential mortgage and in securities collateralized by real estate loans, has appointed George Madison to its board of directors, effective July 1.

Madison is an experienced general counsel and legal advisor, who most recently served six years as a partner at Sidley Austin LLP before retiring in March. At Sidley, he focused on financial institutions regulation and corporate governance issues on behalf of domestic and foreign financial firms and technology companies.

Between April 2009 and June 2012, Madison served as the general counsel and chief law officer of the Department of the Treasury and as a senior policy advisor and senior counselor to former Treasury Secretary Timothy Geithner.

“We are pleased to welcome George as an independent director to the board,” said Richard Baum, chairman of Redwood Trust’s board of directors. “We believe his depth and breadth of expertise in financial regulation and legal policy across the private and public sector will bring fresh perspectives which will provide immeasurable value to Redwood’s leadership team. George’s appointment enhances the strength of the board and furthers our refreshment and succession planning initiatives at the board level.”