NEW YORK, Sept. 20, 2017 /PRNewswire/ -- White Oak Commercial Finance, LLC (WOCF) an affiliate of White Oak Global Advisors, LLC and its institutional clients, today announced that it had bolstered its Asset-Based Lending team with the appointment of commercial financing veteran Mignon Winston to the position of Senior Vice President. Based in WOCF's New York City office, Ms. Winston will report directly to Gerard Hanabergh, Managing Director of Risk for Asset-Based Lending.
In her new role, Ms. Winston will leverage more than 25 years of experience in commercial lending and portfolio management to expand White Oak Commercial Finance's asset-based lending portfolio. Prior to joining WOCF, she served as First Vice President and Underwriter in the Asset-Based Lending Group at Sterling National Bank. Ms. Winston also served as Asset-Based Lending Credit Officer at First Capital. In addition, she has held senior positions at prominent financial institutions such as Wells Fargo Bank, The CIT Group, Inc., Chase Manhattan Bank, and Heller Financial, Inc.
"One of the main differentiators that sets White Oak Commercial Finance apart is the caliber of its human capital," said Robert Grbic, President and Chief Executive Officer, WOCF. "We are committed to recruiting talent that empowers us to better serve the businesses we work with. Mignon's extensive industry experience and acute understanding of risk will serve to expedite the underwriting process and ensure that borrowers are afforded faster access to vital capital."
Ms. Winston added: "White Oak Commercial Finance's approach to commercial lending is uniquely nimble and responsive to the unique needs of the clients it serves. I am looking forward to working with this leading organization to support its growth in financing the middle-market companies that underpin our economy."
Gerard Hanabergh, Managing Director of Risk for Asset-Based Lending at WOCF, commented: "In bringing Mignon on board, we are thrilled to welcome another highly qualified individual to our team. She will undoubtedly prove to be a tremendous asset."
Ms. Winston earned her undergraduate degree in Economics from Harvard University. She subsequently received her Master of Business Administration, with a concentration in Finance, from New York University.
White Oak Commercial Finance, formerly Capital Business Credit, was acquired by White Oak Global Advisors, LLC on behalf of its institutional clients in late 2016. Today White Oak Commercial Finance has over $300 million of assets deployed with office locations in New York, Charlotte, Chicago, Fort Lauderdale, Los Angeles, Hong Kong and Shanghai.
ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
White Oak Commercial Finance, LLC is a global financial products and services company providing credit facilities to middle market companies between $1 -$30 million. WOCF'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. WOCF is an affiliate of White Oak Global Advisors, LLC, and its institutional clients. More information can be found at www.whiteoaksf.com.
ABOUT WHITE OAK GLOBAL ADVISORS, LLC
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Typical transaction sizes range between $15-$100 million. Since its inception in 2007, White Oak Global Advisors, LLC's disciplined investment process aims to deliver risk-adjusted investment returns for our investors while establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
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SOURCE White Oak Commercial Finance, LLC