August 16, 2006, SANTA ANA, Calif.
The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that Christopher Del Moral-Niles has been named treasurer and an officer of the corporation.
In this position, Niles will coordinate cash management, investment, financing and capital management activities across The First American Family of Companies. Niles will also support several initiatives related to the centralization of treasury functions, financial planning and budgeting for the company.
Niles, a Chartered Financial Analyst, brings 15 years of financial services industry experience to this position. He joins First American from Union Bank of California, NA, where he most recently served as senior vice president and director of Liability Management for the bank. Niles also served as president and director of UnionBanCal Commercial Funding Corp. and had previously served as the bank’s Asset/Liability strategist.
“We are delighted to add Chris to our management team,” said Frank V. McMahon, vice chairman and chief financial officer of The First American Corporation. “He brings a wealth of experience, technical expertise and market knowledge to this position.”
Prior to joining Union Bank, Niles spent 10 years as an investment banker within the Financial Institutions Groups at Lehman Brothers and Merrill Lynch, working on financial services-related financing and merger transactions in New York, London and Los Angeles. He graduated with Honors and Distinction from the University of California at Berkeley.
Niles will assume his duties with First American effective Aug. 28, 2006.
The First American Corporation (NYSE: FAF), a FORTUNE 500® company that traces its history to 1889, is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, and Risk Mitigation and Business Solutions—a new segment that the company formed in 2005 by combining its Credit Information and Screening Information segments. With revenues of $8.1 billion in 2005, First American has approximately 2,100 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at www.firstam.com.