Auction.com has announced that Monte Koch, a founding partner and board member, will take on the additional role of co-CEO. Koch, who has been part of Auction.com in a non-executive capacity, will be responsible for creating an enhanced corporate culture that focuses on scaling the company's operations to support its continuing growth, both domestically and internationally.
Koch joins Auction.com after a long career in investment banking, most recently at Deutsche Bank Securities Inc., where he served as global head of real estate investment banking.
‘Monte has been instrumental in the development and success of Auction.com,’ says Jeffrey Frieden, a founding principal and co-CEO. ‘With his long track record of building and managing high-performing teams, combined with deep knowledge of the real estate industry and Auction.com, his expanded leadership role will help fuel our ongoing expansion and enhance our already high level of service, particularly to financial industry clients.’