Huntington National Bank added a fund finance banking team to support its sponsor finance business within the commercial bank. The 10-person team will provide financing directly at the fund level and expand coverage across the sponsor ecosystem.
The team, led by managing director Brad Boland, is based in Charlotte, NC, and New York City. Boland is an industry veteran with prior leadership roles at Wells Fargo and Bank of America. He became managing director of Signature Bank’s fund banking division in 2019.
“We are committed to enhancing our sponsor coverage and positioning Huntington for success as we respond to the growth of institutional ownership,” Tizu Menelik, executive managing director of specialty and corporate banking at Huntington, said. “The addition of this highly successful team, which will further help broaden our offering and better serve our clients, is an exciting step toward that commitment.”
The new team brings decades of experience in subscription finance and will offer new and existing sponsors a range of options for financing by leveraging the broader Huntington banking platform.
“Huntington is uniquely positioned to leverage its subscription finance business for greater fee opportunities across middle market, corporate and capstone,” Scott Kleinman, president of Huntington Commercial Bank, said. “The addition of this team better positions Huntington to serve the full range of needs across commercial clients and is yet another example of our targeted strategic investments to expand our commercial expertise and capabilities.”
