Daily News: April 11, 2014

FGI Hires Stewart as VP of Business Development

David DiPiero, president and CEO of FGI, announced that Doug Stewart has joined the firm as VP of Business Development. In this position, Stewart will be responsible for business activity on the West Coast. His goal will be to focus on maintaining and strengthening relationships with other lenders, finance companies, equity sponsors and referral sources.

Stewart brings nearly a decade of experience in ABL and corporate investment banking, as well as experience working with business development teams. Prior to joining FGI, Stewart was responsible for portfolio and account management, as well as business development in the California region with Wells Fargo Capital Finance. Before that, at Merrill Lynch Capital, he focused on corporate banking and supporting the underwriting and portfolio teams on new and existing deals. Through his experience, Stewart gained extensive knowledge in asset-based lending and an affinity for international trade.

“We are looking forward to having Doug join our team,” states David DiPiero. “We expect that he will contribute greatly to our continued West Coast expansion.

“I’m thrilled to start working with FGI, a great company that has a lot to offer the California and Pacific market. I am pleased to be with the company at such an exciting time as they expand their West Coast footprint,” Stewart noted.