| InvestRAM Advisory Committee |
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Victor H. Indiek
Chairman - Advisory Committee Mr. Indiek has served several firms as a senior executive over a 30-year span. He has expertise in developing corporate business plans including objectives, goals, and strategies. He has served as a member of the board of directors for various corporations, frequently chairing committees of the board of directors including executive, audit, pricing, and asset-liability strategies. Mr. Indiek has been involved in various startup operations as a member of the executive staff, utilizing his extensive knowledge of finance and real estate to develop innovative investment strategies and coordinate negotiations for joint ventures, acquisitions, mergers, and other financial transactions. From 1970 through 1977, Mr. Indiek was a senior executive intimately involved in the formation and startup of Freddie Mac, serving initially as its first CFO and then as its second President & CEO. Working extensively with the SEC, IRS, U.S. Treasury and Wall Street firms, he was instrumental in the development of the secondary market for residential mortgages, including mortgage purchase programs, loan servicing and reporting, finance, and securitization. He relocated to Southern California 1977 to startup and serve as the president & CEO of Builders Capital Corporation, an affiliate of Watt Industries, Inc., one of the largest builders in the country. He managed building ventures or divisions developing single-family projects, apartment, and commercial and industrial buildings. He has subsequently served as the Vice Chairman & CEO of American Diversified Savings, Senior Executive Vice President & CFO of Financial Corporation of America/American Savings, President & CEO of FarWest Savings, and Executive Vice of Kennedy-Wilson International. At FCA, he was also responsible for the real estate division, managing a portfolio of $1 billion in real estate and $3.5 billion in problem loans. He played a key role in developing the concept for restructuring FCA�s assets into a �good bank,� �bad bank� used to restructure American Savings. In 1995, Mr. Indiek formed his own company, Indiek Realty/Finance. Through this company, he has provided consulting and advisory services to participants in the capital markets and real estate sectors. His major assignments include providing consulting services to Brennan Enterprises LLC, a real estate investment company, and serving as its interim president from 1998 to 2000. From 1998 through 2001 when it was acquired, he served as a member of the board of directors of Bank Plus Corporation/Fidelity Federal Bank. Mr. Indiek has a Bachelor of Science in Accounting from the University of Kansas and is a Certified Public Accountant and California Real Estate Broker.
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