Hilco Global hired Richard Maletsky as executive vice president and general counsel. Maletsky succeeded Eric Kaup, who was recently promoted to co-chief commercial officer at the financial services holding company.

In his role as EVP and general counsel, Maletsky will serve as the company’s chief legal expert and advisor and serve as a member of Hilco Global’s executive management team. Maletsky will lead the company’s legal department, overseeing all legal functions across various disciplines, including corporate, commercial, transactional, litigation, product and regulatory matters. He will report directly to Jeffrey Hecktman, founder and CEO of Hilco.

“We are thrilled to welcome Rick to Hilco Global as our new EVP and general counsel. His extensive experience and proven leadership in managing high-profile corporate legal matters will be invaluable to our organization,” Hecktman said.

Maletsky joined Hilco with experience as a legal executive, having previously worked for Newmark Group, a commercial real estate services firm, as executive vice president and general counsel of the Newmark Operating Companies. During his tenure at Newmark, Maletsky led a team of 25 legal professionals and played a role in the firm’s growth from a private entity to a publicly traded organization.

Prior to his role at Newmark, Mr. Maletsky served as vice president and assistant general counsel at Cantor Fitzgerald, a New York-based global financial services firm. He began his legal career in the mergers and acquisitions group at Skadden, Arps, Slate, Meagher & Flom in New York.