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Redwood Trust CEO to retire

Redwood Trust Inc. CEO and board member Martin Hughes will retire on May 22, 2018.

After his retirement, Hughes will continue to serve in an advisory role at Redwood for two years.

Christopher Abate, currently the company's president, will be named CEO, and he will also join the board on Dec. 4.

Dashiell Robinson, who joined earlier in the year, will be promoted to serve as president.