LRES Names EVP, Management Advisor

LRES' former chief investment officer (CIO) is now EVP and management advisor, the company announced.

Alice Sorenson, who previously served as CIO at LRES for two years and as COO for four years, is now responsible for corporate strategic planning, cultivating prospective leads, and establishing new business opportunities for the California-based valuations and asset management services provider.

"Alice's new role at LRES is a strategic decision for LRES as the company continues to evolve over time," said CEO Roger Beane. "Her industry knowledge and broad experience with large institutions is critical to LRES' new phase of growth in the residential and commercial financial services industry."

Sorenson is a 40-year veteran in financial services, having served as senior manager of business development of a national accounting, tax, and business advisory firm prior to joining LRES. Prior to that, she served in executive leadership positions at financial organizations, including Master Financial Inc., Ameriquest Mortgage Company, Bank of America, and FarWest Savings.

"During my career, I have been fortunate to play a constructive role developing and executing operations management and investment strategies to enable LRES to grow and prosper," Sorenson said. "Now, I look forward to utilizing my industry connections fostered over the years to build the new business pipeline while applying my industry knowledge toward corporate strategic planning as its executive vice president and management advisor."