# Todd Schuster

> At CW Financial Services, Todd Schuster brought lending, investing and troubled-loan management under one roof. His career traces the less photogenic side of real estate: the capital, judgment and institutions that keep a building’s finances standing.

- **Role:** Founder and head of Rivrock Group; Director at TPG RE Finance Trust, Inc.
- **Organizations:** CW Financial Services, CWCapital, CWCapital Investments, CWCapital Asset Management, Ares Management, Ares Commercial Real Estate Corporation, TPG RE Finance Trust, Rivrock Group, Salomon Brothers, Bankers Trust
- **Education:** Bachelor of Arts, Tufts University
- **Known for:** Built and led CW Financial Services across mortgage banking, investment management and special servicing; later biographies describe 400 employees., Led the 2002 CW combination with a subsidiary of a Canadian pension fund manager., CWCapital Investments was historically described as managing approximately $10 billion; CWCapital Asset Management was named on structures containing more than $175 billion of underlying collateral. These are distinct historical measures.

## Career timeline

- **Before CW** — Worked in the commercial mortgage finance units of Salomon Brothers and Bankers Trust in New York.
- **Early 1990s** — Founded CW Financial Services; contemporary Ares disclosures date inception to 1991, while later TPG biographies state 1992.
- **2002** — Led CW Financial Services’ September combination with a subsidiary of the Caisse de dépôt et placement du Québec.
- **2009** — Ended tenure as CEO of CW Financial Services.
- **2012** — Became an independent director and audit committee member of Ares Commercial Real Estate.
- **2013** — Appointed ACRE co-CEO effective June 1 and joined Ares Management as a senior partner; subsequently served as ACRE CEO and president and Ares global head of real estate credit.
- **2015** — Resigned as ACRE president, CEO and director in August; Ares Management tenure ended in September.
- **2020** — Joined the TPG RE Finance Trust board in July.
- **2026** — TPG’s April proxy continued to identify him as a director and founder and head of Rivrock Group.

## Achievements

- Built and led CW Financial Services across mortgage banking, investment management and special servicing; later biographies describe 400 employees.
- Led the 2002 CW combination with a subsidiary of a Canadian pension fund manager.
- CWCapital Investments was historically described as managing approximately $10 billion; CWCapital Asset Management was named on structures containing more than $175 billion of underlying collateral. These are distinct historical measures.
- At Ares, raised and invested the firm’s first private commercial real estate credit vehicle, according to TPG’s director biography.
- Served on Ares investment committees for real estate debt and equity vehicles in the United States and Europe/UK.

## Latest updates

- **2026-04** — TPG RE Finance Trust’s proxy lists Schuster as a director and identifies him as founder and head of Rivrock Group.

---

Profile page: https://yespress.io/todd-schuster
Published by YesPress — https://yespress.io
Last updated: 2026-10-27