Daily News: November 8, 2018

Cathay Bank Business Capital Expands ABL Team


Cathay Bank Business Capital appointed Jim Campbell as FVP/portfolio manager, Sam Cirelli as FVP/senior relationship manager and Albert Perez as FVP/underwriting manager, expanding its asset-based lending team.

“In an effort to execute on our vision, it was important to build a strong, effective team with the ability to work cohesively,” said Kelly Wu, executive vice president, Corporate Banking Division, who oversees CBBC as well as other specialty lending divisions at Cathay Bank. “Everything starts with people and having exceptionally qualified individuals on board gives us the opportunity to grow the Business Capital group exponentially.”

Campbell has over 35 years of experience in the financial/banking and consulting arena, including asset-based lending, interim financial management in business operations, and business development. He served in credit underwriting roles at Wells Fargo Capital Finance and Congress Financial Corporation and also spent part of his career working for turnaround consulting firm, Buccino and Associates, and GE Capital. Prior to entering the financial world, he spent five years with General Dynamics in M&A transaction review and capital acquisitions roles.

Cirelli has 35 years of traditional ABL experience for banking and commercial finance institutions. He began his career with The CIT Group (Business Credit) and has led origination efforts for institutions such as Wells Fargo Foothill Capital, HSBC Business Credit, and GMAC Business Credit. He also served as group head for the asset-based lending arms of The Royal Bank of Scotland and Landsbank and was co-founder and managing partner for Northern Lights Partners. Prior to joining Cathay, he was with Bibby Financial Services.

Perez manages the underwriting process and workflow and trains underwriters to support lending growth for new and existing customers. He has 30 years of corporate, middle market, asset-based lending, and factoring experience with financial institutions including Sanwa Bank of California, PNC Bank (Business Credit), Overseas-Chinese Banking and Heller Financial. His most recently served as head of asset-based lending for Hana Financial, where he was a member of the credit committee.

Founded in 1962, Cathay Bank offers a wide range of financial services through nine states in the U.S. as well as a branch in Hong Kong and representative offices in Beijing, Shanghai and Taipei.