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Olympic Athletics and Lending, Private Equity and Investing Success – Not as Different as You Might Think!
Aug 21, 2024With 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. -
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, 2024nFusion 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, 2024Cambridge 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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Factoring Industry Remains Resilient Amid Economic Shifts
Aug 12, 2024The 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, 2024Mitsubishi 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, 2024The 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, 2024Rosenthal & 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, 2024As 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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The Transformative Impact of Mentoring: An Interview with Emily Neuherz
Jul 25, 2024The 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. -
First Citizens Bank Names Eugene Weissberger to Sponsor Finance Position
Jul 25, 2024First 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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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, 2024In 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, 2024Mitsubishi 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.
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Evolving Strategies in Business Development for Secured Finance
Jul 9, 2024In a rapidly shifting financial landscape, the Secured Finance Network's recent webinar offered a deep dive into effective business development strategies within the secured finance sector. Moderated by James Kravitz, SFNet’s business development director, the session featured prominent industry experts Lance Rosenthal, executive vice president of business development at RelPro; Jack Penzi, director of originations at Great Rock Capital; and Mitch Sterling, chief client development and relationship officer at Blank Rome.
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Understanding the Complexities of Recruiting and Retaining Talent
Jul 1, 2024The secured finance industry is feeling the strain as the industry ages and its most experienced executives retire. Here, SFNet members offer their points of view on the challenge.
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Alexandra S. Scoggin Joins nFusion Capital as Senior Executive Vice President
Jul 1, 2024nFusion Capital announced that award-winning sales executive Alexandra S. Scoggin has joined the company as a Senior Executive Vice President. For over 18 years, Scoggin has worked with entrepreneurs, management teams, and sponsors of small and middle-market businesses to understand their working capital needs and provide customized financing solutions that leverage their assets.
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Asset-Based Lending Data Show Industry Remains Healthy, with Moderately Improving Outlook
Jun 26, 2024Banks and other lenders shared a mostly positive outlook for the asset-based lending market in the first quarter, fueled by predictions of a soft landing for the U.S. economy. But they are mindful of looming regulatory changes and continue to monitor portfolios for signs of post-pandemic stress, according to data released by the Secured Finance Network (SFNet).
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Mitsubishi HC Capital America Boosts Commercial Finance Credit Team with Two New Executive Hires
Jun 24, 2024Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce the expansion of its Commercial Finance Credit team with the addition of two seasoned credit professionals. Cary Downer joins as Vice President - Credit, bringing 27 years of industry experience, and Todd Thompson joins as Vice President - Credit Officer, with over 20 years of experience.
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Interview with John Nooney, Mark Pickering and Charlie Perer of SG Credit Partners
Jun 24, 2024John Nooney and Mark Pickering joined SG Credit Partners with the goal of bringing their upmarket sophistication to the lower middle market to build a broad commercial finance platform. On June 13, SG Credit Partners announced the creation of its Commercial Finance platform exclusively serving lower middle market entrepreneurs and a new website illustrating its expanded capabilities.
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