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Unlock the Future of Supply Chain Finance: Join SFNet’s December Conference for Key Insights and Networking
Nov 20, 2024
On December 3, SFNet will host its first
Supply Chain Finance Conference, at Greenberg Traurig in New York City. Industry leaders and experts will converge to explore the latest trends and insights in supply chain finance. This full-day event will provide invaluable knowledge and networking opportunities, featuring a diverse range of sessions designed to deepen your understanding of the supply chain finance ecosystem.
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Sallyport Announces $7,000,000 Accounts Receivable Finance Supporting Acquisition
Sallyport is pleased to announce the provision of $7,000,000 in Accounts Receivable Finance to support a strategic acquisition in the entertainment services industry. Our new client, who successfully purchased the business - an existing Sallyport client, through an Article 9 Sale, chose us to ensure a seamless transition for existing debtors and customers.
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Public Data in Cross-Border Lending
Sep 2, 2024
Data and precedent play a key role in your ability to structure, negotiate and document lending transactions. In cross-border deals, access to this data is especially essential and can be more challenging to locate. Laura Jakubowski of Goldberg Kohn provides the information you need to arm yourself with vital information.
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Leading Restructuring Lawyer Joins Latham & Watkins in New York
Aug 27, 2024
Latham & Watkins LLP is pleased to announce that
Joe Zujkowski has joined the firm's New York office as a partner in the Restructuring & Special Situations Practice. Zujkowski represents debtors, ad hoc creditor groups, and individual creditors in in-court and out-of-court restructurings and in executing complicated financing transactions.
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Update: Texas Court Halts the FTC’s Rule Banning Non-Compete Clauses
Aug 27, 2024
With only weeks to go before the rule was set to take effect, the U.S. District Court for the Northern District of Texas, on August 20, 2024, affirmed its earlier ruling that the FTC’s rule banning non-competes is unlawful—but this time, the Court expanded its limited injunction and set aside the FTC’s rule entirely, meaning that the FTC’s rule will not go into effect on September 4 for any employer.
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Olympic Athletics and Lending, Private Equity and Investing Success – Not as Different as You Might Think!
Aug 21, 2024
With the 2024 Olympics behind us, the next games are scheduled for Los Angeles in 2028. For those spectators enthralled with the world-class athleticism, success seems to be determined largely by medal count (and media coverage). As I enjoyed the games, I pondered how the lending, PE, and investing sectors are closer to the Olympic athletes than one may think.
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SFNet Announces IMPACT Award Winners and 2024 Hall of Fame Inductees
Aug 21, 2024
SFNet is pleased to announce the winners of its inaugural IMPACT Awards and the inductees into the 2024 SFNet Hall of Fame. The IMPACT Award recipients embody the core values and achievements that the SFNet community strives to uphold and promote. Hall of Fame inductees have made significant, lasting contributions to the secured finance industry throughout their careers. We look forward to celebrating with this august group on the evening of November 12 in Houston, prior to SFNet’s Annual Convention.
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Daniel Karas Joins nFusion Capital as EVP of Asset Based Lending
Aug 19, 2024
nFusion Capital announced that Daniel J. Karas has joined their team as EVP of Asset Based Lending. Dan is responsible for spearheading the strategic expansion of the Asset Based Lending division.
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Cambridge Savings Bank Revamps its Commercial Lending Team, Promotes Ian Brandon to EVP, Chief Commercial Banking Officer
Aug 15, 2024
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets, today announced that Ian Brandon has been promoted to Executive Vice President, Chief Commercial Banking Officer (CCBO).
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Succession: ABL Industry Needs a Plan
The ABL industry is struggling with succession challenges. Founders are synonymous with their firms, yet many lack succession plans despite good health and changing industry dynamics. The generational shift demands innovation and client-centric approaches. Planning and communication are crucial. Unlike TV drama, ABL leaders must ensure smooth transitions to secure their legacies and firms’ futures amidst industry upheaval.
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Factoring Industry Remains Resilient Amid Economic Shifts
Aug 12, 2024
The U.S. economy wrapped up 2023 on a robust note, buoyed by resilient consumer spending and a solid labor market.
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Mitsubishi HC Capital America Welcomes Lawrence Ridgway to Asset-based Lending Team
Aug 7, 2024
Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is strengthening its working capital team with the appointment of Lawrence Ridgway as Senior Business Development Director, Business Finance.
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The State of Asset-Based Lending in Q1 2024: A Comprehensive Analysis
Aug 6, 2024
The first quarter of 2024 presented a complex landscape for asset-based lending (ABL) and the broader economic context. According to the SFNet Q1 2024 Asset-Based Lending and Confidence Index surveys, the ABL industry exhibited both stability and cautious optimism despite the economic headwinds.
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Rosenthal Names Three Seasoned Professionals to Southeast Team
Aug 6, 2024
Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing and inventory financing firm in the United States, today announced that William Garcia, Kathleen Waldropt and David Zimmerman have joined Rosenthal’s Southeast team.
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Navigating Economic Uncertainty: Key Insights from the SFNet Market Pulse Report
Aug 1, 2024
As we delve into the second quarter of 2024, the financial landscape is marked by both challenges and opportunities. The latest SFNet Market Pulse Report provides a comprehensive analysis of various economic indicators, trends, and projections that are crucial for stakeholders in the secured finance (notably asset-based lending and factoring) industries. This article synthesizes the key findings and insights from the report, offering a detailed overview of the current economic outlook, credit markets, consumer finances, sector activity, and global economic trends.
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First Citizens Bank Names Eugene Weissberger to Sponsor Finance Position
Jul 25, 2024
First Citizens Bank today announced that Eugene Weissberger has been appointed as a managing director in the Sponsor Finance group, where he will be focused on supporting financial sponsors and family offices in the Midwest and on the West Coast.
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The Transformative Impact of Mentoring: An Interview with Emily Neuherz
Jul 25, 2024
The SFNet Mentoring program, sponsored by the
Secured Finance Foundation and the
SFNet DEI Committee, has become a cornerstone of professional growth and community building within our industry. In this interview, we highlight the journey of Emily Neuherz, senior associate, Capital Foundry and a passionate advocate and past mentee of the program. Emily’s experience not only underscores the immense value of mentorship but also serves as a testament to the transformative impact it can have on career development. Through her story, we hope to inspire both new potential mentees and mentors to join our upcoming Fall iteration, and embark on a path of mutual growth, learning and success.
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Cambridge Savings Bank Announces Leadership Changes: Kevin McGuire Named Chief Operating Officer, Christopher Johnson as Chief Information Officer
Jul 17, 2024
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that Kevin McGuire, previously the Chief Information Officer (CIO), has been appointed as the new Chief Operating Officer (COO), effective immediately. McGuire succeeds Michael Gilles, who is retiring after a distinguished career with the bank. In his new role, McGuire will assume responsibility for driving the bank's operational efficiency and aligning its activities with the bank’s strategic goals. McGuire’s areas of oversight will include strategic planning, capital management, balance sheet strategies, risk and investment management, and more.
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Getzler Henrich Formalizes Analytics, Artificial Intelligence, and Advanced Technologies Services and Names Michael Osment Practice Leader
Jul 15, 2024
In recognition of both its comprehensive advanced technology services and the depth of knowledge and expertise of Managing Director Michael Osment, Getzler Henrich & Associates LLC (
getzlerhenrich.com), formalized its Analytics, Artificial Intelligence, and Advanced Technologies Services and named Michael Osment its Practice Leader.
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Michael Ollio Joins Mitsubishi HC Capital America as Director of Capital Markets
Jul 10, 2024
Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, is pleased to announce that Michael Ollio has joined the company as Director of Capital Markets.