Context Business Lending, a family office-backed asset-based lender, promoted Stephen Butler to chief operating officer and Josh Beauvais to chief credit officer. They will now be able to more vertically focus on the strategic growth of the company in their new capacities. Context Business Lending also added Joe Messineo as director of business development to cover the Northeast for the firm and promoted Carrie Brown to vice president of compliance, Rebecca Smith to underwriting coordinator and Stephen Phillips to associate portfolio manager.
- Butler, a former co-chief credit officer for CBL, will draw on his depth of experience in many bank and non-bank ABL roles to collaborate with CEO Meredith Carter to drive the organizational vision, operational strategy, internal controls and execution planning of the company’s goals.
- Beauvais, also a former co-chief credit officer for CBL, was promoted to a solely-occupy the chief credit officer position for the company. He is well-prepared for his expanded role, having spent his entire career in ABL, most recently as special assistant to the chief credit officer of Crestmark, a $2 billion specialty finance company focused on asset-based lending, factoring, leasing and government guaranteed lending.
- To expand its reach in the northeast and its ability to meet the unique needs of inventory-heavy e-commerce companies, CBL recruited Messineo, an experience loan originator in the consumer products space. Messineo has spent most of his career in credit, both in ABL and investment banking. He was most recently at CircleUp, which “uses its proprietary data platform to better assess risk and deliver working capital” to early-stage consumer brands
“We hire and promote for creativity, strong work ethic, intellectual curiosity and shared values,” Carter said. “I am confident that our recently promoted and hired colleagues have the skills, intellect and integrity to take CBL to the next level as we continue in our mission to disrupt ABL.”