NEW YORK, Jan. 20, 2015 /PRNewswire/ -- Fred Raccosta has joined Tiger Capital Group as Director of Business Development for New York, New Jersey, and Pennsylvania.
From his base in Tiger's New York office, the veteran of the valuation advisory and asset-based lending industries will focus on business development and identifying asset disposition opportunities in the company's Eastern Region, spearheading the firm's New York-based sales and marketing efforts to the lending, turnaround and investment banking communities. He will report to Melissa Coopersmith, Managing Director, National Sales.
Raccosta comes to the asset valuation, advisory and disposition firm with more than 25 years in the financial services industry, including the last 10 on the valuation, monetization and advisory side, providing consultative solutions to the lending and investment banking communities. Most recently, he was a Senior Vice President at Hilco Global, LLC, where he focused on financial institutions, investment banks and other professional services advisory companies in nine Eastern states and the District of Columbia. Prior to that, Raccosta was a Senior Vice President at Great American Group, also focused on the Northeast.
Earlier in his career, Raccosta spent approximately 15 years with asset-based lenders and other financial institutions, including positions as a Senior Business Development Officer/Vice President at Access Capital and as a Vice President at CIT Group in New York and Pennsylvania. He began his career with Bank of America's Corporate Cash Management Group.
"With his widespread experience at asset appraisal and disposition firms, as well as asset-based lenders, Fred brings a wealth of industry knowledge and contacts to his new position at Tiger," said Coopersmith. "He is a welcome addition to our team of business development professionals."
Raccosta is an active member of the Commercial Finance Association, Turnaround Management Association and Association for Corporate Growth, as well as other professional financial associations.
A resident of Newtown, Penn., Raccosta earned a Bachelor of Science degree in Finance and Marketing from Drexel University, Philadelphia, Penn.
About Tiger Capital Group
Tiger Capital Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, provide capital or convert assets to capital quickly and decisively. Tiger's collaborative, straight-forward approach is the foundation for its many long-term 'partner' relationships and decades of success. Tiger maintains offices in New York, Los Angeles, Boston, San Francisco and Sydney. To learn more about Tiger, please visit www.TigerGroup.com
SOURCE Tiger Capital Group