NEW YORK, June 13, 2017 /PRNewswire/ -- White Oak Commercial Finance, LLC (WOCF or White Oak) today announced the appointment of Gerard M. Hanabergh, to serve as Managing Director of Risk for Asset-Based Lending (ABL). Mr. Hanabergh will be responsible for existing and new business underwriting, portfolio management and compliance, and risk management for White Oak.
"Gerard has decades of underwriting and risk management experience, which is critical to the success of White Oak's business," said Robert Grbic, President and Chief Executive Officer, White Oak Commercial Finance. "Executives like Gerard, with deep industry expertise, differentiate White Oak from other debt financiers serving small- and medium-sized businesses."
Most recently, Mr. Hanabergh served as an Executive Vice President and Chief Credit Officer at First Capital, and was instrumental in the sale of First Capital's ABL portfolio to Ares Commercial Finance, where he served as Executive Vice President of Risk, ABL. Additionally, Mr. Hanabergh held the position of Chief Credit Officer at RBS/Citizens Bank for its ABL and leasing divisions. He also worked at GE Capital for more than a decade holding positions in syndications, restructuring, and risk management. Prior to GE, he spent 16 years at The Bank of New York, working in Corporate Lending and Asset-Based Lending.
"The White Oak platform provides a level of flexibility, both in terms of loan size and products that is quite intriguing. Combined with its solid business model and veteran management team, White Oak is an exciting organization to join and one that I believe I can add value to, having spent three decades in the ABL sector," said Mr. Hanabergh.
Mr. Hanabergh received an MBA from Pace University and graduated from Providence College with a BS in Business Management. He is an active member of the Commercial Finance Association (CFA) and Turnaround Management Association (TMA).
ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
White Oak Commercial Finance provides debt and alternative financing products to small- and middle-market companies throughout the United States and is owned by institutional clients of White Oak Global Advisors, LLC. The Company's solutions include asset-based lending, full-service factoring, invoice discounting, supply chain financing, inventory financing, U.S. import/export financing, trade credit risk management, account receivables management and credit and collections support.
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SOURCE White Oak Commercial Finance, LLC