Daily News: July 31, 2012

Capital One Names Former HFG, GE Healthcare Exec as SVP

Capital One Bank announced that Shane Passarelli has joined the Commercial and Specialty Finance Business as a senior vice president. Passarelli joined the bank to support the Healthcare Sponsor Finance, Asset Based Lending and the Real Estate Finance businesses. In this role, Passarelli will focus on providing capital to middle-market healthcare companies in connection with acquisitions, leveraged buyouts, recapitalizations, refinancings and other financing needs. He will report to Brian Morris, managing director, Capital One Bank, and will be based in Los Angeles.

Prior to Capital One Bank, Passarelli served as senior vice president at Healthcare Finance Group, where he established a Los Angeles office and a west coast franchise for the company. Passarelli also served as a vice president at GE Healthcare Financial Services, where he originated and structured senior secured asset-based credit facilities, providing working capital to middle-market healthcare companies on the west coast. Additionally, Passarelli was responsible for executing middle-market secured lending transactions at Ableco Finance, a hedge fund affiliated with Cerberus Capital Management.

“Shane brings nearly 15 years of experience in the finance industry with a focus on healthcare, and we are pleased to welcome him to our team,” said Keith Reuben, executive vice president, Commercial and Specialty Finance, Capital One Bank. “His appointment reflects Capital One Bank’s commitment to serving healthcare companies nationally and on the west coast.”

Passarelli currently serves as a director and the membership chair of the Los Angeles chapter of the Commercial Finance Association.