Marcus & Millichap names president of finance subsidiary

Marcus & Millichap hired David Shillington, formerly of KeyBank, to be the next president of its financing subsidiary.

Shillington will replace William Hughes as head of Marcus & Millichap Capital Corp. Hughes is retiring.

While at Cleveland-based KeyBank, Shillington served as regional manager for the Southeast and Mid-Atlantic region. He also previously held executive positions with Bank of America Securities and First Union National Bank.

Marcus & Millichap’s financing division posted 23 percent revenue growth in the second quarter when compared to a year earlier.