Berkadia Commercial Mortgage, with a portfolio of more than $209 billion, has hired industry veteran Luther Peacock as chief risk officer. He will be based at Berkadia's New York City office and report to Chief Operating Officer Linda Pickles.

Peacock will be responsible for evaluating and controlling Berkadia's risk including credit risk, counterparty risk, interest rate and liquidity risk. He will be actively involved in loan transactions to help minimize risk, serve on the asset liability committee and will also oversee Berkadia's credit committee.

Peacock has more than 20 years of commercial real estate experience, including 11 years working in key positions at Morgan Stanley. Since 2009, Peacock has provided risk assessments, investment valuations and investment advice to clients on an independent basis and through several prominent advisory organizations.