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IMH Financial appoints CEO/chairman

IMH Financial Corp. appointed Chadwick Parson CEO and chairman, effective Nov. 1.

Parson will serve as co-chairman until Nov. 1.

He became a director of the company in 2017 when he was designated by JPMorgan Chase Funding Inc. as the holder of IMH Financial's cumulative convertible series B-2 preferred stock, to serve as a member of the company's board.

Parson has worked at J.P. Morgan Securities LLC since 1998, most recently as a managing director in J.P. Morgan's special opportunities group.