Daily News: June 14, 2017

ABL Vet Hanabergh Joins White Oak Commercial Finance as MD


Gerard M. Hanabergh has joined White Oak Commercial Finance as managing director of Risk for Asset-Based Lending

Hanabergh will be responsible for existing and new business underwriting, portfolio management and compliance, and risk management for White Oak.

“Gerard has decades of underwriting and risk management experience, which is critical to the success of White Oak’s business,” said Robert Grbic, president and CEO, White Oak Commercial Finance. “Executives like Gerard, with deep industry expertise, differentiate White Oak from other debt financiers serving small- and medium-sized businesses.”

Most recently, Hanabergh served as an executive vice president and chief credit officer at First Capital and was instrumental in the sale of First Capital’s ABL portfolio to Ares Commercial Finance, where he served as executive vice president of Risk, ABL.

Previously Hanabergh was chief credit officer at RBS/Citizens Bank for its ABL and leasing divisions. He also worked at GE Capital for more than a decade holding positions in syndications, restructuring and risk management. Prior to GE, he spent 16 years at The Bank of New York, working in Corporate Lending and Asset-Based Lending.

“The White Oak platform provides a level of flexibility, both in terms of loan size and products that is quite intriguing. Combined with its solid business model and veteran management team, White Oak is an exciting organization to join and one that I believe I can add value to, having spent three decades in the ABL sector,” said Hanabergh.

See related story in ABF Journal: White Oak Branches Out: Capital Business Credit Joins the Group and Rebrands as White Oak Commercial Finance