Daily News: May 9, 2019

BMO Harris Hires Ganann as Managing Director, ABL Retail Finance


BMO Harris Bank hired Michael Ganann as managing director, Retail Originations, Asset-Based Lending. In this role, he will lead the nationwide coverage efforts of BMO clients and prospects in the retail industry.

“Our asset-based lending team has been experiencing exceptionally strong growth, and we see retail finance as an opportunity for even further growth,” said Mike Scolaro, head, Asset-Based Lending, BMO Harris Bank. “Mike Ganann is very well known in the retail finance sector, and he will bring tremendous experience and industry knowledge to our customers, and to our collective team.”

Ganann has over 20 years of experience, including 15 years in the retail finance ABL industry, and several years as a technology finance cash flow lender.

Ganann joins BMO after more than seven years in a leadership role with Citizens Bank’s Retail Finance Group, where he helped grow the client base significantly. His prior experience includes roles with Wells Fargo Capital Finance and Bank of America Retail Finance. He began his career in retail asset disposition and inventory appraisal work in the Boston area.

BMO is one of the largest providers of asset-based lending in the industry, with over 65 experienced ABL professionals located throughout the United States and Canada.