Haversine Funding, a provider of alternative financing solutions, hired Andrew Bae as senior director of underwriting and portfolio management. Bae, who has 20 years of experience in the industry, will be responsible for underwriting, asset management, credit policy and overall portfolio performance.
“We are excited to welcome Andrew to our Haversine Funding team. His collective experience incorporates business development, underwriting and account management in both ABL and other debt financing structures. He brings a unique set of qualifications that will complement and expand our company knowledge base and foundation so we can better serve our clients and the specialty finance market,” Gen Merritt-Parikh, president of Haversine Funding, said. “Having a seasoned executive like Andrew join our team is another exciting step in our growth as a company.”
Bae has nearly 20 years of commercial finance and asset-based lending experience at both banks and non-regulated lenders. Previously, Bae focused on ABL origination with White Oak Commercial Finance. He also held business development and portfolio management roles at ExWorks Capital, NBH Capital Finance, Regions Business Capital and PNC Business Credit. Bae began his career at Citi, where he completed the bank’s formal credit training.
“I am thrilled to join the Haversine Funding team and look forward to continuing to evolve and strengthen our client relationships. This is an exciting time for asset-based lenders and specialty finance companies that continue to thrive amid the post COVID-19 recovery,” Bae said. “I am eager to join the growing Haversine Funding team to provide flexible funding solutions that will benefit our factoring and lending clients, ultimately helping small and mid-sized businesses across the country.”
