McCormack will take up his role on Thursday, 20 April.
He has fifteen years lending experience most recently as managing director of Bristol & West Mortgages and prior to that as managing director of Bank of Ireland Mortgages.
David Livesey, group chief executive officer of Connells, says:”Roland has a track record of successfully leading and transforming businesses. Connells Asset Management is already a very successful part of our Group and, with repossession levels set to soar in 2009, it has the potential for huge growth.
“I am delighted that we have been able to attract someone of Roland’s calibre and proven reputation to help develop all areas of the business to ensure it delivers a first class customer service whilst moving it on to the next level.”