Daily News: November 16, 2012

AloStar Business Credit Adds Three New Officers

AloStar Business Credit said it hired a new managing director and two new directors. Stacey Alatis will lead the Ohio office focusing on the Midwest, while Steve Davey will lead the newly established San Francisco office. Blake Otte will join the team in New York.

Alatis brings more than 30 years of asset-based lending, operating and commercial lending experience to the AloStar team. In his new role as managing director, he will be responsible for business development in the Midwestern U.S., primarily Ohio, Eastern Michigan and Western Pennsylvania. Prior to joining AloStar, Alatis was managing director of the Cleveland office of Regions Business Capital. Additionally, he previously served as director of business development at Wachovia (Wells Fargo) Capital Finance and held senior-level positions at HSBC Business Credit, GE Capital Commercial Finance, Bank One and Bayerische Vereinsbank AG (now UniCredit S.p.A.).

Davey comes to AloStar as a director with a wealth of experience and relationships on the West Coast. Most recently, he was vice president of PNC Business Credit. Davey also served as an underwriting analyst at HCC Capital Partners and held analyst positions with ATEI Capital Group, Bay View Capital and Thomas Wiesel Partners Merchant Bank.

Otte, also joining as a director, has more than 15 years of experience in the financial services and investment management industry. She joins the AloStar team in the New York office. Prior to joining the team, she was managing director of Business Development and National Market Strategy for Salus Capital Partners. Additionally, Otte was previously the vice president of Business Development at FGI Finance and held senior-level positions at Brown & Brown, PGI and Morgan Stanley.

“The latest addition of these members to the AloStar team demonstrates our commitment to building a national footprint for AloStar,” said Andy McGhee, president of AloStar Business Credit. “We are excited about the wealth of knowledge and experience that Stacey, Steve, and Blake are bringing to the business and are pleased to say that we now have lending officers covering the majority of the business centers in the U.S.”