In Brief: Cohane Rafferty Hires GMAC Servicing Pro

Cohane Rafferty Securities Inc. named Thomas Donatacci a managing director.

Mr. Donatacci will be responsible for mortgage servicing sales and brokerage activities, and will be based in the boutique's Harrison, N.Y., headquarters.

He joins Cohane Rafferty from GMAC Mortgage, where he was most recently a vice president directing servicing acquisitions and sales. He has also worked in the fixed-income division at PaineWebber Inc.

Mr. Donatacci was brought on because Cohane Rafferty has expanded into other areas in the mortgage industry and needed someone to handle the day- to-day activities of its servicing business, said William Curley, the firm's president.

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