Rocket Companies, which owns the Rocket Mortgage and Quicken Loans brands, has named experienced IR professional Jason McGruder as its new vice president of investor relations.
McGruder joins US-based Rocket from Cantor Fitzgerald where he led the IR team for Cantor and its subsidiaries, including BGC Partners and Newmark Group. Previously he was head of IR at BGC for more than a decade.
McGruder also worked in IR at eSpeed, which merged with BGC in 2007, and Double Click. Prior to that, he held roles on the sell side and with an IR agency.
‘After learning the history, philosophy and mission of Rocket Companies, I feel very fortunate to be a part of this amazing organization,’ McGruder tells IR Magazine.
‘Using the experience I gained [through previous roles], I’ll advise the Rocket Companies team on what the investment community wants in order to make informed investment decisions and the best ways to share information with it.’
McGruder arrives at Rocket shortly after the company’s IPO on the NYSE, which raised $1.8 bn. Rocket and other mortgage providers have seen revenues surge this year despite the Covid-19 pandemic, as lenders take advantage of low borrowing costs.
‘Although I started after the IPO, the company stated that it was well positioned to continue serving its clients in the same award-winning manner as in the past based on its recent success in transitioning to a remote work environment,’ says McGruder.
‘This was demonstrated by our record mortgage origination volumes in March, April, May and June of 2020. Additionally, we have taken proactive measures to protect our team members, ensure the continuity of business operations and maintain our strong liquidity position. Our ability to quickly adapt to remote working enabled us to handle the logistics of a remote IPO relatively easily.’
