-
Doug Braunstein to Join Wells Fargo as Vice Chairman
Feb 28, 2024Wells 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.
-
Marc Heller, Former Vice Chairman and Former President of CIT Commercial Services, Joins MMG Advisors
Feb 27, 2024MMG 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. -
Ares Management Special Opportunities Team to Join its Global Credit Group
Feb 26, 2024Ares 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.
-
SFNet’s Asset-Based Capital Conference: Industry Uncertainty Presents Threats and Opportunities
Feb 22, 2024SFNet’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.
-
Oxford Commercial Finance Transitions Top Leadership to Support Continued Business Growth and Expansion
Feb 22, 2024Oxford 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.
-
Perfection of Security Interests in Electronic Bills of Lading Under the UCC
Feb 21, 2024In 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.
-
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.
-
PNC Appoints Michael P. Lyons President
Feb 20, 2024The 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.
-
Wolters Kluwer’s Regulatory & Risk Management Indicator Survey – Key Takeaways
Feb 13, 2024TSL 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. -
Gauging Credit Risk for 2024
Feb 8, 2024The 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. -
CIBC Announces Promotion of Brandon Barr to ABL Group Head
Feb 8, 2024CIBC 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.
-
Moritt Hock & Hamroff Appoints Its First Chairman and Names Its Next Managing Partner
Feb 7, 2024Marc 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.
-
Interview With Holland & Knight ABL Team Members
Feb 5, 2024TSL’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. -
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.
-
SFNet’s Mentoring Program: Continuing to Guide Growth
Jan 30, 2024SFNet’s second iteration of the program nearly doubled its participants and is proving to be an invaluable resource for members.
The application period for our Spring 2024 Mentoring Program is January 10 through February 23, 2024. The program will run March 19 through June 4, 2024. -
Norton Rose Fulbright Adds Restructuring Partner in New York
Jan 29, 2024
Global law firm Norton Rose Fulbright announced today that bankruptcy and restructuring lawyer Robert M. Hirsh has joined the firm as a partner in the New York office. Hirsh focuses his practice on debtor-in-possession financing, exit financing and distressed and special situation financing.
-
SFNet's 40 Under 40 Awards Committee Chair, Betty Hernandez: Insights into Honoring Secured Finance's Rising Stars
Jan 24, 2024SFNet’s 40 Under 40 Awards will return on June 13, 2024, at The Plaza Hotel in New York City. The evening will offer great networking opportunities while honoring the secured finance industry’s rising stars. Nominations for the 2024 40U40 Awards are open until February 9, 2024. Here we speak with Betty Hernandez who shares her insight and experience as a judge.
-
Assembled Brands Welcomes Zach Martin as Managing Director, Head of Originations & Capital Markets
Jan 23, 2024Assembled Brands, a leading asset-based lender for businesses across the consumer goods ecosystem, is pleased to announce the appointment of Zach Martin as its new Managing Director, Head of Originations & Capital Markets.
-
Secured Finance Executives Predicting Modest Growth in 2024
Jan 22, 2024Despite economic headwinds and higher costs of borrowing, secured lenders are expecting a profitable year ahead -
Hilco Global Names Two Top Executives to Critical Growth Management Positions at the Financial Services Holding Company
Jan 22, 2024Hilco Global, a privately held diversified financial services firm, is pleased to announce that two of the organization's most outstanding management leaders with 20+ years at the firm, Eric Kaup and Ben Nortman, are appointed to the newly created position of Co-Chief Commercial Officer.
-
Doug Braunstein to Join Wells Fargo as Vice Chairman
Feb 28, 2024Wells 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.
-
Marc Heller, Former Vice Chairman and Former President of CIT Commercial Services, Joins MMG Advisors
Feb 27, 2024MMG 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.
-
Ares Management Special Opportunities Team to Join its Global Credit Group
Feb 26, 2024Ares 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.
-
SFNet’s Asset-Based Capital Conference: Industry Uncertainty Presents Threats and Opportunities
Feb 22, 2024SFNet’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.
-
Oxford Commercial Finance Transitions Top Leadership to Support Continued Business Growth and Expansion
Feb 22, 2024Oxford 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.
-
Perfection of Security Interests in Electronic Bills of Lading Under the UCC
Feb 21, 2024In 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.
-
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.
-
PNC Appoints Michael P. Lyons President
Feb 20, 2024The 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.
-
Wolters Kluwer’s Regulatory & Risk Management Indicator Survey – Key Takeaways
Feb 13, 2024TSL 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.
-
Gauging Credit Risk for 2024
Feb 8, 2024The 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.
-
CIBC Announces Promotion of Brandon Barr to ABL Group Head
Feb 8, 2024CIBC 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.
-
Moritt Hock & Hamroff Appoints Its First Chairman and Names Its Next Managing Partner
Feb 7, 2024Marc 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.
-
Interview With Holland & Knight ABL Team Members
Feb 5, 2024TSL’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. -
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.
-
SFNet’s Mentoring Program: Continuing to Guide Growth
Jan 30, 2024SFNet’s second iteration of the program nearly doubled its participants and is proving to be an invaluable resource for members.
The application period for our Spring 2024 Mentoring Program is January 10 through February 23, 2024. The program will run March 19 through June 4, 2024. -
Norton Rose Fulbright Adds Restructuring Partner in New York
Jan 29, 2024
Global law firm Norton Rose Fulbright announced today that bankruptcy and restructuring lawyer Robert M. Hirsh has joined the firm as a partner in the New York office. Hirsh focuses his practice on debtor-in-possession financing, exit financing and distressed and special situation financing.
-
SFNet's 40 Under 40 Awards Committee Chair, Betty Hernandez: Insights into Honoring Secured Finance's Rising Stars
Jan 24, 2024
SFNet’s 40 Under 40 Awards will return on June 13, 2024, at The Plaza Hotel in New York City. The evening will offer great networking opportunities while honoring the secured finance industry’s rising stars. Nominations for the 2024 40U40 Awards are open until February 9, 2024. Here we speak with Betty Hernandez who shares her insight and experience as a judge.
-
Assembled Brands Welcomes Zach Martin as Managing Director, Head of Originations & Capital Markets
Jan 23, 2024Assembled Brands, a leading asset-based lender for businesses across the consumer goods ecosystem, is pleased to announce the appointment of Zach Martin as its new Managing Director, Head of Originations & Capital Markets.
-
Secured Finance Executives Predicting Modest Growth in 2024
Jan 22, 2024Despite economic headwinds and higher costs of borrowing, secured lenders are expecting a profitable year ahead
-
Hilco Global Names Two Top Executives to Critical Growth Management Positions at the Financial Services Holding Company
Jan 22, 2024Hilco Global, a privately held diversified financial services firm, is pleased to announce that two of the organization's most outstanding management leaders with 20+ years at the firm, Eric Kaup and Ben Nortman, are appointed to the newly created position of Co-Chief Commercial Officer.
-
Doug Braunstein to Join Wells Fargo as Vice Chairman
Feb 28, 2024Wells 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.
-
Marc Heller, Former Vice Chairman and Former President of CIT Commercial Services, Joins MMG Advisors
Feb 27, 2024MMG 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.
-
Ares Management Special Opportunities Team to Join its Global Credit Group
Feb 26, 2024Ares 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.
-
SFNet’s Asset-Based Capital Conference: Industry Uncertainty Presents Threats and Opportunities
Feb 22, 2024SFNet’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.
-
Oxford Commercial Finance Transitions Top Leadership to Support Continued Business Growth and Expansion
Feb 22, 2024Oxford 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.
-
Perfection of Security Interests in Electronic Bills of Lading Under the UCC
Feb 21, 2024In 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.
-
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.
-
PNC Appoints Michael P. Lyons President
Feb 20, 2024The 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.
-
Wolters Kluwer’s Regulatory & Risk Management Indicator Survey – Key Takeaways
Feb 13, 2024TSL 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.
-
Gauging Credit Risk for 2024
Feb 8, 2024The 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.
-
CIBC Announces Promotion of Brandon Barr to ABL Group Head
Feb 8, 2024CIBC 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.
-
Moritt Hock & Hamroff Appoints Its First Chairman and Names Its Next Managing Partner
Feb 7, 2024Marc 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.
-
Interview With Holland & Knight ABL Team Members
Feb 5, 2024TSL’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. -
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.
-
SFNet’s Mentoring Program: Continuing to Guide Growth
Jan 30, 2024SFNet’s second iteration of the program nearly doubled its participants and is proving to be an invaluable resource for members.
The application period for our Spring 2024 Mentoring Program is January 10 through February 23, 2024. The program will run March 19 through June 4, 2024. -
Norton Rose Fulbright Adds Restructuring Partner in New York
Jan 29, 2024
Global law firm Norton Rose Fulbright announced today that bankruptcy and restructuring lawyer Robert M. Hirsh has joined the firm as a partner in the New York office. Hirsh focuses his practice on debtor-in-possession financing, exit financing and distressed and special situation financing.
-
SFNet's 40 Under 40 Awards Committee Chair, Betty Hernandez: Insights into Honoring Secured Finance's Rising Stars
Jan 24, 2024
SFNet’s 40 Under 40 Awards will return on June 13, 2024, at The Plaza Hotel in New York City. The evening will offer great networking opportunities while honoring the secured finance industry’s rising stars. Nominations for the 2024 40U40 Awards are open until February 9, 2024. Here we speak with Betty Hernandez who shares her insight and experience as a judge.
-
Assembled Brands Welcomes Zach Martin as Managing Director, Head of Originations & Capital Markets
Jan 23, 2024Assembled Brands, a leading asset-based lender for businesses across the consumer goods ecosystem, is pleased to announce the appointment of Zach Martin as its new Managing Director, Head of Originations & Capital Markets.
-
Secured Finance Executives Predicting Modest Growth in 2024
Jan 22, 2024Despite economic headwinds and higher costs of borrowing, secured lenders are expecting a profitable year ahead
-
Hilco Global Names Two Top Executives to Critical Growth Management Positions at the Financial Services Holding Company
Jan 22, 2024Hilco Global, a privately held diversified financial services firm, is pleased to announce that two of the organization's most outstanding management leaders with 20+ years at the firm, Eric Kaup and Ben Nortman, are appointed to the newly created position of Co-Chief Commercial Officer.