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Breaking the Glass Ceiling Together: Stories of Cross-Gender Mentorship
Mar 18, 2024
TSL’s editor-in-chief explores the transformative power of cross-gender mentorship, especially in a male-dominated industry where there might be a shortage of female mentors. Read on for stories of female leaders who had male mentors and how they played pivotal roles in advancing their careers, dismantling biases, and cultivating inclusive workplaces.
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An Interview with Bobby Bans, Managing Director of Western Region Originations at Wells Fargo Capital Finance (WFCF)
Mar 12, 2024
In this installment of our series of executive interviews, Charlie Perer sits with Bobby Bans to hear his views about his new role at Wells Fargo Capital Finance, the future of ABL, executive development and competition, among other things.
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GoldenTree Announces over $1.35 Billion Private Credit Fund
Mar 11, 2024
GoldenTree’s Private Credit Fund (the “Fund”) secured commitments of over $1.35 billion, surpassing its target of $800 million to $1 billion. The Fund has a global investor base that includes public and corporate pensions, sovereign funds, foundations, insurance companies, family offices and RIAs across the US, Europe, Asia and the Middle East.
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Interview with Jim Hudak, President - Commercial Finance, First Citizens Bank
Mar 5, 2024
In June 2023, First Citizens Bank named noted commercial banking executive Jim Hudak as president of its Commercial Finance group, which it acquired in its merger with CIT Group in early 2022.
With more than 20 years as a commercial finance executive, Hudak is known throughout the industry for his leadership capabilities and strong commitment to client support and satisfaction.
Hudak oversaw CIT's commercial finance businesses from 2008 to 2019, during which time many grew to become leading lenders in their industry verticals.
Today, settled back into an expanded version of the role he once occupied, he discusses the state of the business, the impact of the First Citizens merger and his strategy for 2024 and beyond.
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Ares Management Launches Ansley Park Capital
Mar 4, 2024
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that funds managed by its Alternative Credit strategy (“Ares Alternative Credit”) have launched Ansley Park Capital (“Ansley Park”), a newly-formed lending and specialty finance company that delivers full spectrum, customized financing solutions for essential-use, large-ticket equipment.
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2024 Threats to Manufacturing and Industrial Businesses – Lenders Beware
How will reduced consumer spending and increased leverage cost stress manufacturing & industrial companies in the year ahead?
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Doug Braunstein to Join Wells Fargo as Vice Chairman
Feb 28, 2024
Wells Fargo & Company (NYSE:WFC) today announced that Doug Braunstein will join the company as Vice Chairman, effective February 28. Braunstein brings a broad set of financial services experiences to Wells Fargo, with particular expertise in serving as an advisor to boards and CEOs on strategic alternatives.
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Marc Heller, Former Vice Chairman and Former President of CIT Commercial Services, Joins MMG Advisors
Feb 27, 2024
MMG Advisors, a leading middle market investment bank, is pleased to announce that Marc Heller, former Vice Chairman of CIT Commercial Services, a subsidiary of First Citizens Bank, and former President of CIT Commercial Services, is joining the company as a Senior Advisor.
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Ares Management Special Opportunities Team to Join its Global Credit Group
Feb 26, 2024
Ares Management Corporation (NYSE: ARES) today announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm’s Credit Group and will be named Opportunistic Credit. Moving the strategy to the Credit Group is expected to enable greater collaboration across the Ares platform, enhancing benefits to Ares’ limited partners, sponsor partners and portfolio companies.
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SFNet’s Asset-Based Capital Conference: Industry Uncertainty Presents Threats and Opportunities
Feb 22, 2024
SFNet’s Asset-Based Capital Conference (ABCC), now in its 16th year, was held February 6-7 in Las Vegas. Attendees experienced thought-provoking discussions on the economy, geopolitics, talent retention, credit quality and industry dynamics.
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Oxford Commercial Finance Transitions Top Leadership to Support Continued Business Growth and Expansion
Feb 22, 2024
Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank ("the Company"), is pleased to announce strategic leadership changes aimed at providing enhanced strategic direction and oversight as the company continues to expand and evolve. Current OCF President Mick Goik will transition to the role of Executive Chairman of the OCF Board of Directors to focus on strategic initiatives, while Steve Tomasello, SVP, National Sales Manager, will assume the position of President to drive operational excellence and growth.
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Perfection of Security Interests in Electronic Bills of Lading Under the UCC
Feb 21, 2024
In an increasingly paperless world, electronic bills of lading are garnering attention as an industry choice for cross-border commercial and shipping transactions. This article provides an overview of the legal framework prescribed by Articles 7 and 9 of the Uniform Commercial Code for a secured lender seeking to perfect its security interest in electronic bills of lading.
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eCapital Strengthens Northeast Presence with New SVP, Business Development
Feb 20, 2024
eCapital Corp. ("eCapital") a leading finance provider operating across North America and the U.K., proudly announces the appointment of industry veteran W. Calvin Navatto as SVP, Business Development Officer. Based out of the Company’s New York office, Navatto brings over three decades of experience and a wealth of industry knowledge to bolster eCapital's presence in the Northeast region.
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PNC Appoints Michael P. Lyons President
Feb 20, 2024
The PNC Financial Services Group (NYSE: PNC) today announced that its Board of Directors has unanimously appointed Michael P. Lyons president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately.
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Wolters Kluwer’s Regulatory & Risk Management Indicator Survey – Key Takeaways
Feb 13, 2024
TSL Express’ senior editor sat down with
Tim Burniston, senior advisor, Regulatory Strategy, for Wolters Kluwer Compliance Solutions to discuss the results of Wolters Kluwer’s Regulatory & Risk Management Indicator survey. Burniston advises Wolters Kluwer’s Financial & Corporate Compliance divisional leadership team and clients on emerging issues, legislative and regulatory developments, and regulatory strategy.
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Gauging Credit Risk for 2024
Feb 8, 2024
The credit risk panel at SFNet’s 79th Annual Convention focused on challenges such as consumer headwinds, the higher cost of capital, looming refinancing deadlines, and the prospect of more downgrades, bankruptcies and defaults. Overall, though, panelists were optimistic about credit appetite and the ability to negotiate risk through tighter deal structures and more in-depth borrower and sector analytics.
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CIBC Announces Promotion of Brandon Barr to ABL Group Head
Feb 8, 2024
CIBC is pleased to announce the promotion of Brandon Barr to Asset-based Lending (ABL) Group Head. In this new role, Barr is responsible for providing strategic guidance on portfolio related matters and evaluating new business segments, in addition to managing the national business efforts for the ABL team. Barr, who joined CIBC in 2011, previously served as head of business development and strategy for the bank’s ABL Group.
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Moritt Hock & Hamroff Appoints Its First Chairman and Names Its Next Managing Partner
Feb 7, 2024
Marc Hamroff, who had been Managing Partner of Moritt Hock & Hamroff LLP for over 25 years, is assuming the role of Chairman. Michael Cardello III, a long-standing member of the firm's Management Committee and former Chair of the Litigation practice, has been elected Managing Partner.
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Interview With Holland & Knight ABL Team Members
Feb 5, 2024
TSL’s editor-in-chief sat down with key members of Holland & Knight’s ABL team, including Wade M. Kennedy, partner and co-lead of the Asset-Based Lending Team; Christopher S. Dillon, partner and co-lead of the Asset-Based Lending Team; Hamid Namazie, financial
services partner; Yoojin Lee, financial services partner; and Mark Spitzer, financial services partner. Here, they discuss H&K’s strengthening of its finance practice, how they got their start in this specialty and the threats facing lenders in 2024.
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Wingspire Capital Announces Organizational Changes
Jan 30, 2024
Wingspire Capital LLC (“Wingspire”), a diversified commercial finance company, has today announced several organizational changes. John Rosin, President and Chief Operating Officer of Wingspire Capital, will retire in February. John will continue to be involved with Wingspire post-retirement as a consultant.