division. Terrano joined
Leumi from Flushing
Bank. He spent the
majority of his banking
career at JPMorgan
Chase in various
within the Middle
Market banking group.
Marquette Names Lynch
SVP/Senior Credit Officer
Credit appointed Michel
Lynch SVP, senior
credit officer. Based in
and earlier as general
manager of Group
Brown previously ran
the Consumer Lending
business at Discover
Leumi Expands Middle
Market in Northeast U.S.
Leon Terrano joined
Bank Leumi as a
group head and Doug
Meyer was promoted
to group head of the
bank’s Northeast Middle
Market team within the
2014 TOP NEWS S TORIES
TOP 10 NEWS STORIES OF 2016
DURING THE CALENDAR YEAR 2016, the editors of ABF Journal posted and broadcasted 3,292 news stories. Shown
below are the top 10 stories of the year ranked in order of reader popularity.
1 FORMER GIBRALTAR CEO LAUNCHES STONEGATE CAPITAL 9/14/16
Former Gibraltar Capital CEO Darren Latimer launched Stonegate Capital Holdings to
provide $1 million to $10 million asset-backed loans to established lower middle market
enterprises and emerging brands.
2 WELLS FARGO LAUNCHES INDUSTRIALS CORPORATE BANKING GROUP 7/25/16
Wells Fargo Corporate Banking launched an Industrials Group to offer capital solutions,
financing expertise and traditional banking products to customers in this sector. Lisa
McGeough will lead the group, reporting to Kyle Hranicky, head of Corporate Banking.
3 STERLING ACQUIRES NEWSTAR BUSINESS CREDIT, HADDAD TO LEAD ABL UNIT 4/1/16
Sterling National Bank completed the acquisition of NewStar Business Credit, a wholly
owned subsidiary of NewStar Financial, a provider of specialized direct lending and credit
management capabilities for middle market companies and investors in the credit markets.
4 SUNTRUST ROBINSON HUMPHREY PROMOTES 10 TEAM LEADERS TO MD 4/5/16
SunTrust Robinson Humphrey promoted 10 team members to managing director.
“Congratulations to these 10 outstanding leaders on earning this well-deserved
promotion to managing director,” said John Gregg, chairman and CEO.
5 FORMER GE CAPITAL SYNDICATION/ TRADING TEAM JOINS ANTARES CAPITAL 1/27/16
Antares Capital finalized the hiring of its Loan Syndication, Sales and Trading team
led by industry veteran Kevin Burke. The team includes managing directors Anthony
Diaz, Mark Familo, Erica Frontiero, Peter Nolan, John Timoney and Patrick Wallace.
6 MONROE CAPITAL ELECTS FOUR TO PARTNER, PROMOTES 19 7/27/16
Monroe Capital elected four senior executives to partner and promoted 19. Ted Koenig,
president and CEO, said, “These individuals are being recognized for their efforts in
contributing to the continued growth and success of the firm.”
7 FACTORING BUSINESS OWNER CHARGED WITH LYING TO FBI 3/28/16
An owner of a Bergen County, NJ, factoring company was arrested on charges that
he allegedly lied to FBI special agents about his efforts to sell fraudulent accounts
receivable to another factoring company, U.S. Attorney Paul Fishman announced.
8 MONROE CAPITAL LAUNCHES SPECIALT Y FINANCE PRACTICE 3/23/16
Monroe Capital launched a newly established business vertical, Specialty Finance
Lending. Aaron Peck, Lee Stern and Kyle Asher will lead the origination efforts from the
firm’s Chicago and New York offices.
9 ENCINA CAPITAL, OAK TREE AFFILIATE LAUNCH NE W ABL PLATFORM 3/15/16
Encina Capital Partners and an affiliate of certain funds managed by Oaktree Capital
Management launched Encina Business Credit, an independent asset-based lending
platform targeting middle-market borrowers in the U.S. and Canada.
10 WSJ : MAJOR BANKS FACE EXPOSURE FROM MASSIVE UNFUNDED OIL LOANS 4/12/16
As the major banks began reporting earnings, the Wall Street Journal reported that
unfunded loans were promised to energy companies that had not drawn on the credit
lines. The Journal noted $147 billion in unfunded loans were disclosed by 10 of the
largest U.S. banks that most investors didn’t know much about until recently.
HILCO GLOBAL LAUNCHES
FINANCE; FRANK TO LEAD
HILCO GLOBAL formed Hilco
Corporate Finance to provide
professional, strategic and
financial advisory services
associated with selling
a business or exiting a
portfolio company, divesting
a subsidiary or division or
completing a merger or acquisition transaction.
Jason R. Frank will manage Hilco Corporate
Finance as CEO. Frank joined Hilco in 2007. A
specialist in investment banking, strategy and
corporate finance with corporate mergers and
acquisitions experience, Frank has expertise in
assessing going concern enterprise and intellectual
property values. He has assisted hundreds of
companies in finding equity and debt financing
for growth, leveraged buyouts and various other
“This is an important strategic decision for
Hilco Global to expand our advisory capabilities
and offer investment banking services to our
customers. This is a natural extension of our
existing financial services platform,” said Jeffrey
B. Hecktman, chairman and CEO of Hilco Global.
Hilco Corporate Finance will focus on small
and middle-market companies headquartered
in North America, as well as larger companies
wishing to acquire, merge or divest divisions.
Hilco Corporate Finance prefers transactions
ranging from $20 million to $250 million,
but will consider transactions outside of this
range. The company is industry agnostic, but
has significant experience in retail, consumer
products, manufacturing, healthcare, business
and professional services, financial services,
automotive, energy and technology. n