White Oak Commercial Finance, an affiliate of White Oak Global Advisors, appointed Veronica Lubczenko as director, Risk Management to its growing Asset-Based Lending team.
Lubczenko will be responsible for underwriting ABL transactions and expanding WOCF’s ABL portfolio. Based in the Company’s New York City office, she will report directly to Gerard Hanabergh, managing director of Risk for ABL.
“Veronica has decades of experience underwriting and managing ABL portfolios,” said Hanabergh. “As we continue to expand our underwriting capabilities to provide access to fast and flexible financing solutions to companies across a variety of industries, executives like Veronica will play a crucial role.”
Prior to joining WOCF, Lubczenko served as vice president of Credit Approval and Wholesale Credit Risk Management at HSBC Bank, where she was responsible for underwriting ABL transactions, monitoring portfolios and approving loans. She also served as senior vice president and team leader in the Special Assets Group at Textron, leading the stabilization, workout and monetization of a $1.5 billion portfolio comprised of domestic and international asset-based revolving credit, cash flow and real estate loans. In addition, she was senior vice president in the asset recovery group at The CIT Group and vice president at GE Capital.
Robert Grbic, president and CEO, WOCF added, “WOCF has made significant investments in growing our ABL practice this year, including the recruitment of some of the best executives in the industry. Veronica is a prime example of the caliber of talent that WOCF seeks to retain.”
WOCF, formerly Capital Business Credit, was acquired by White Oak Global Advisors, on behalf of its institutional clients in late 2016.