Daily News: August 5, 2014

NewStar Hires Navatto as SVP in NYC

NewStar Business Credit, a division of NewStar Financial, announced it hired W. Calvin Navatto as a senior vice president in its New York City office. Navatto will be responsible for helping to expand NewStar Business Credit’s marketing and origination efforts on the East Coast with a focus on generating new asset-based financing opportunities with middle market companies.

Navatto has more than 25 years of experience in structuring, originating, underwriting and managing debt financings for middle market firms. Before joining NewStar, he was a vice president with First Capital. Prior to that, Navatto worked at Sun National Bank, Marquette Business Credit and Merrill Lynch.

“Cal is well-known in the East Coast 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 have known Cal for many years and am excited to have the opportunity to work together. He adds further depth to our team with a valuable combination of marketing coverage, credit skills and deal execution experience.”

NewStar Business Credit provides asset-based loans to mid-sized companies operating across a wide range of industries in the middle market.