Tom Derenze joined Austin Financial Services as SVP and chief credit officer. He will be responsible for day-to-day oversight and administration of the company’s loan portfolio and operations.

Derenze has more than 35 years of lending experience in the ABL space, including credit, operations and sales.

“Growing our portfolio while maintaining high credit quality standards, particularly in the current market, continues to be a priority for Austin” said Jason Anish, president and CEO of Austin Financial. “Tom is a welcome addition to our management team, as he has significant experience growing assets and managing credit quality in the ABL space.”

Prior to joining Austin Financial Services, Derenze was COO of Summit Financial Resources in Salt Lake City and regional manager of Business Alliance Capital in Los Angeles.

Austin Financial Services is privately held asset-based lender based in Los Angeles.