RAIT Financial Trust announced the appointment of Thomas D. Wren, a veteran financial services executive and former federal banking regulator, to its Board of Trustees, effective immediately. The RAIT Board has determined that Mr. Wren qualifies as an independent trustee as such term is defined in RAIT’s Trust Governance Guidelines, which includes meeting the independence standards under Rule 303A.02 of the NYSE Listed Company Manual. Mr. Wren replaces Edward S. Brown who, following close to 18 years of dedicated service to RAIT, has chosen to step down from the Board. Mr. Wren, 65, was a special advisor at Promontory Financial Group, from March 2006 to October 2011.