Daily News: March 17, 2015

NewStar Hires Frank to Expand Mid-Atlantic Presence

NewStar Business Credit hired Kenneth Frank as a SVP in its Philadelphia office. Frank will expand NewStar Business Credit’s marketing and origination efforts in the Mid-Atlantic area with a focus on generating new asset-based financing opportunities with middle market companies.

Frank has 30 years of experience in structuring, originating, underwriting and managing debt financings for middle market firms. Before joining NewStar, he was a SVP with Santander Bank. His career includes successful stints at Bank of America and General Electric.

“I am excited to be joining NewStar and working with such an experienced and professional team. After working for years with middle market companies to provide financing solutions, I am confident that NewStar Business Credit will provide a great platform for me to offer creative and flexible financing options to clients, stated Frank.”

“Ken is well-known in the Mid-Atlantic Market and will be a great addition to our origination efforts in the region,” said Milton Iskra, EVP and national marketing manager for NewStar. “I am excited to have the opportunity to work with Ken. He adds further depth to our team with a valuable combination of marketing coverage, credit skills and deal execution experience.”