Daily News: October 11, 2013

VION Hires Cluse to Lead VION Advisory Services

VION Receivable Investments announced the hiring of Gregory Cluse as director, Risk Advisory Services within its new business division, VION Advisory Services. VION Advisory Services (VAS) provides customized due diligence examinations and field examinations for banks, financial institutions, factors, and private corporations. In addition, VAS offers an offsite version of its risk assessment examination to companies seeking a reduction of travel-related expenses.

Cluse has more than 20 years’ experience in asset-based lending as an auditor, audit manager and consultant, holding positions with PriceWaterhouseCoopers, Arthur Andersen and McGladrey and Pullen. Prior to joining VION, Greg directed field examinations and due diligence services for major banks and financial institutions. Engagements include inventory movement and cost analysis, quality-of-earnings reviews, cash-flow examinations, and evaluations of intangibles. Greg is a graduate of California State University at Los Angeles with dual degrees in Finance and Real Estate. He holds an MBA with an emphasis in accounting.

Gina Iacovelli, executive vice president of VION said, “By establishing VION Advisory Services, we are building synergistic capabilities for our existing appraisal business, and creating a one-source solution for our clients. Mr. Cluse has achieved prominence among the world’s leading financial institutions for his expert analyses and recommendations. His expertise provides VION with exposure to a greater pool of lending institutions for asset purchases and increases VION’s opportunities for receivable appraisals and forensic accounting services. We are pleased to have someone of Greg’s caliber spearheading this important new line of business.”

VION Receivable Investments, headquartered in Atlanta, Georgia, is an international provider of receivable investment services to businesses managing consumer and commercial receivables.