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David Grende

President & CEO, Siena Lending Group

David is a specialized lending executive with more than 30 years experience building and running asset-based lending businesses, executing debt restructurings, taking on interim management roles, and completing complex asset workouts and recoveries.

Prior to co-founding Siena, David was Chief Executive Officer of Burdale Capital Finance (BCF), a wholly owned asset-based lending subsidiary of Bank of Ireland, which provided transatlantic financing solutions to a $1.7 billion portfolio. In 2006, David was hired to start BCF as a de novo ABL U.S. business and built it into a widely recognized brand. BCF was sold to Wells Fargo in 2012 as part of the Bank of Ireland’s deleveraging, necessitated by the IMF in 2010.

Before starting BCF, David was a Managing Director in the Corporate Advisory Services practice at Huron Consulting Group, where he led a Huron team in successfully launching Delta Air Lines, Inc. into a seamless bankruptcy proceeding. David also managed restructuring teams at ATA Airlines and Air Jamaica. In addition, David served in an interim management role at Comdisco Ventures. He successfully managed the runoff of a $1.5 billion lease, subordinated loan and private equity venture capital portfolio, where his team exceeded the business plan he created from both return and timeline perspectives.

Prior to Huron, David was Chief Operating Officer at a Bank of America Commercial Finance subsidiary, which he also started as a de novo asset-based finance business. David started his career at the CIT Group\Credit Finance, where he was promoted six times—rising to the position of EVP/Chief Operating Officer in charge of three regions and 185 employees.

David earned a Bachelor of Science in Economics from City College of New York and completed the Executive Education Program at the University of Michigan - Stephen M. Ross School of Business. In 2004, David became a Certified Insolvency & Restructuring Advisor (CIRA). Currently, he serves as President of the Secured Finance Network.

 

 

 

 

75th Annual Convention

75The industry event anyone in secured finance attends now celebrates its 75th year. SFNet, formerly CFA, is set to make the New York City convention a memorable one. Click below to register.