ABL Industry Veteran Veronica Lubczenko Joins White Oak Commercial Finance

NEW YORK, Oct. 10, 2017 /PRNewswire/ -- White Oak Commercial Finance, LLC (WOCF or the Company) an affiliate of White Oak Global Advisors, LLC and its institutional clients, today announced the appointment of Veronica Lubczenko as Director, Risk Management to its rapidly growing Asset-Based Lending (ABL) team.

Ms. Lubczenko will be responsible for underwriting ABL transactions and expanding WOCF's ABL portfolio. Based in the Company's New York City office, Ms. Lubczenko will report directly to Gerard Hanabergh, Managing Director of Risk for ABL.

"Veronica has decades of experience underwriting and managing ABL portfolios," said Gerard Hanabergh, Managing Director of Risk for Asset-Based Lending at WOCF. "As we continue to expand our underwriting capabilities to provide access to fast and flexible financing solutions to companies across a variety of industries, executives like Veronica will play a crucial role."

Prior to joining WOCF, Ms. Lubczenko served as Vice President of Credit Approval and Wholesale Credit Risk Management at HSBC Bank, N.A. where she was responsible for underwriting ABL transactions, monitoring portfolios and approving loans. She also served as Senior Vice President and Team Leader in the Special Assets Group at Textron, leading the stabilization, workout and monetization of a $1.5B portfolio comprised of domestic and international asset-based revolving credit, cash flow and real estate loans. In addition, she was Senior Vice President in the asset recovery group at The CIT Group and Vice President at GE Capital.

"WOCF has built a powerhouse team and a unique platform to service the middle-market. I look forward to helping the Company advance its mission to provide debt financing solutions to businesses in need of growth and working capital," said Ms. Lubczenko.

Robert Grbic, President and Chief Executive Officer, WOCF added, "WOCF has made significant investments in growing our ABL practice this year, including the recruitment of some of the best executives in the industry. Veronica is a prime example of the caliber of talent that WOCF seeks to retain."

Ms. Lubczenko earned her undergraduate degree in architectural engineering at the New York Institute of Technology and received her Master of Business Administration, with a concentration in finance and real estate, from the University of Pennsylvania's Wharton School of Business.

WOCF, formerly Capital Business Credit, was acquired by White Oak Global Advisors, LLC on behalf of its institutional clients in late 2016. Today WOCF has over $300 million of assets deployed with office locations in New York, Charlotte, Chicago, Fort Lauderdale, Los Angeles, Hong Kong and Shanghai.

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.

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. 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