Jim Marasco, a senior executive leader who has served on Gibraltar Business Capital’s board of directors, is joining the Gibraltar Business Capital leadership team as head of originations.
Prior to GBC, Marasco spent more than three decades with Wells Fargo Capital Finance and its predecessor, Foothill Capital Corporation, where his last role was senior managing director and national head of originations.
Marasco has expertise in all aspects of secured and asset-based lending, leveraged finance, transaction sourcing and portfolio management. Beyond his experience in sales management, he has a background leading underwriting, loan syndications and bank products teams. He played a major role in driving growth while at Wells Fargo Capital Finance through his work developing product solutions, expanding the firm’s geographic footprint and establishing the firm’s sponsor coverage focus.
While at Wells Fargo Capital Finance, Marasco was a member of the senior credit committee for its ABL and specialty businesses (technology, retail, lender, healthcare and international finance businesses). He served on the firm’s administrative, management and operating committees.
Importantly, Marasco’s background also includes experience working with Jeffrey Stanek, GBC’s chief credit officer, while at Wells Fargo Capital Finance.
In his new role, Marasco will lead a team of originators responsible for providing financing solutions to lower middle-market companies across the United States. He has experience working with distressed, turnaround and special situation credits across a spectrum of industries.
“I am incredibly excited about GBC’s growth prospects under Jim’s leadership,” Scott Winicour, CEO of GBC, said. “His value to our team is evident in his track record of success, industry reputation and synergies with our leadership team.”
