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The Ins & Outs of DEI Fatigue
Apr 11, 2024Since the DEI “field” is a potpourri of research, advocacy, political ideations,
and personal perspectives from multiple fields, it is difficult for people to know which sources of information to trust. One of the latest urgent fascinations that has captured our collective attention is “DEI Fatigue.” -
Citigroup’s Shapleigh Smith Retiring; Shane Azzara to Head Asset-Based and Transitional Finance
Apr 11, 2024
Shane Azzara is taking over as head of asset-based and transitional finance at Citigroup Inc., succeeding Shapleigh Smith who is retiring as of May 1.
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Asset-based lenders performed well overall in Q4, SFNet reports
Apr 10, 2024
Survey shows bank asset-based loan commitments down slightly, but rose for non-banks
The resilience of the asset-based lending market continued in the fourth quarter, according to data released by the Secured Finance Network (SFNet). Lenders held positive against the backdrop of an uneven economy, but are closely watching portfolios in 2024.
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The Pursuit of Happiness: How Robyn Barrett created a woman-owned empire in the factoring space while staying true to who she is
Apr 8, 2024Robyn Barrett is the SVP, managing director of Oxford Commercial Finance (“OCF”). OCF offers factoring and asset-based lending lines of credit to small to mid-sized to access the capital needed to grow.
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Tree Buckingham Joins nFusion Capital as EVP Head of Asset Based Lending
Apr 1, 2024
nFusion Capital announced that Tree Buckingham has joined their team as EVP Head of Asset Based Lending. Buckingham is responsible for spearheading the strategic expansion of the Asset Based Lending division.
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What’s Ahead in 2024 for Secured Financing & Working Capital
Mar 27, 2024The landscape of corporate lending in the United States is dynamic, characterized by a diverse array of borrowers spanning various industries and a multitude of loan products and lenders vying for business. In recent years, economic fluctuations and shifting market dynamics have significantly influenced lending trends, impacting both borrowers and lenders alike. As we look ahead to 2024, it is essential to analyze current trends and anticipate future developments in the corporate lending landscape.
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SFNet's Emerging Leaders Summit Heads to the West Coast
Mar 25, 2024SFNet's Emerging Leaders Summit, a dynamic conference designed to unite professionals with 6-15 years of experience in secured lending, is heading to the West Coast for the first time since its inception in 2018. The event will provide an opportunity to glean insights from seasoned titans who have navigated the intricacies of the field. Attendees can expect to engage in thought-provoking panels where industry luminaries will offer a unique perspective on both the industry and effective leadership.
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Getzler Henrich Names Michael Osment Managing Director in Detroit Office
Mar 25, 2024Michael Osment has joined Getzler Henrich & Associates LLC (getzlerhenrich.com), one of the nation’s oldest and most respected middle-market corporate restructuring and operations improvement firms, as a Managing Director in the Detroit office.
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Siena Lending Group Announces Leadership Changes and Promotions
Mar 21, 2024
Scott Elliotto has been named President of Siena Lending Group, while Todd Eubanks is joining SLG as Deputy Chief Risk Officer and Michael Zielinski has been promoted to Director of Portfolio Management, Team Leader. All positions are effective immediately.
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Dealmaker and Restructuring Expert James H.M. Sprayregen to Join Hilco Global as Vice Chairman and a Key Growth Partner at the Global Financial Services Firm
Mar 19, 2024James H. M. Sprayregen, one of the most well-known and highly regarded dealmakers and thought leaders in the restructuring, corporate reorganization, and the M&A community, will join Hilco Global as a Vice Chairman of the privately held global financial services holding company.
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Breaking the Glass Ceiling Together: Stories of Cross-Gender Mentorship
Mar 18, 2024TSL’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, 2024In 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, 2024GoldenTree’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, 2024Ares 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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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.
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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.
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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.
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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.
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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.
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