Daily News: July 25, 2013

Amalgamated Promotes Walker to Lead Amalgamated Capital

Amalgamated Bank announced that Greg Walker, a senior relationship manager at Amalgamated, has been appointed to lead Amalgamated Capital. In his new role, Walker is responsible for the bank’s Asset-Based Lending, Cash Flow and Non-Profit Funding Advance lending.

Walker joined Amalgamated in January 2013. His accomplishments include the development of the bank’s Non Profit Funding Advance, a new product that assists nonprofit customers with cash flow.

“Greg has demonstrated innovative thinking and remarkable drive since joining Amalgamated,” said Ed Grebow, CEO and President of Amalgamated Bank. “We look forward to the many contributions he will make running Amalgamated Capital.”

Walker has more than 20 years of experience in structured finance and asset-based lending. Before coming to Amalgamated, Walker formed the boutique investment-banking group Headwind Capital, focused on turnaround and distressed credit. Greg was also a founding member of the Greenwich-based Silver Point Capital’s Principal Finance Group. During Walker’s tenure, the Principal Finance Group initiated a portfolio that grew to more than $4 billion, while total firm assets grew to more than $10 billion.

“As director of Amalgamated Capital, I hope to continue to provide creative and thoughtful solutions to the challenges our clients face,” said Walker. “I want to build upon the strong tradition of excellence here at Amalgamated Bank.”