Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Fremont General Names Ronald Nicolas as Finance Chief

Fremont General Corp., whose loans to risky borrowers helped trigger the subprime mortgage crisis, said Ronald Nicolas succeeded Patrick Lamb as finance chief.

Nicolas's appointment was effective yesterday, Santa Monica, California-based Fremont said today in a filing with the U.S. Securities and Exchange Commission. Lamb, who's moving to an unidentified company, resigned June 9, Fremont General said.

Lamb was slated to be replaced by J. Randy Staff, the former financial adviser for Golden State Bancorp Inc., as part of the $80 million sale of a minority stake to a group led by billionaire banker Gerald J. Ford. That deal hasn't closed yet.

Jim Lucas, a Fremont General spokesman with Abernathy MacGregor Group Inc., declined to comment on whether Staff would replace Nicolas when the Ford transaction closes.

Nicolas, 50, joined Fremont General in 2005 as an executive vice president and chief financial officer of its banking unit. He also takes over as treasurer and chief accounting officer from Lamb, according to the filing.

Fremont's shares fell 10 cents to $10.50 in New York Stock Exchange composite trading today. They have slumped 35 percent this year.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.