Daily News: July 17, 2012

Crystal Financial Expands Responsibilities for Cross, Migliero

Crystal Financial LLC announced the expansion of the roles of two members of its senior management team: Colin Cross and Steve Migliero.

Cross, senior managing director, will manage a newly created position focused on directing new strategic and corporate finance initiatives that will continue to position Crystal as a leading commercial specialty finance company. Cross will also continue to manage Crystal’s Chicago office and serve on the firm’s investment and management committees. Cross joined the Crystal team in 1998 as a managing director at Back Bay Capital.

Migliero, managing director, will lead Crystal’s business development and origination strategies. Reporting directly to Migliero are Andrew Hettinger, managing director – Atlanta, Stephen Krawchuk, managing director – Los Angeles, and Cheryl Carner – managing director, Boston. Migliero joined the Crystal team in 2006 after completing ten years with GE Sponsor and Commercial Finance.

“Crystal’s core capability of providing innovative debt solutions to middle-market companies has truly flourished since inception,” commented Ward Mooney, president. “This growth has compelled us to implement several new strategic initiatives that will require Colin’s experience and management.”

“Steve will now manage and expand our extensive market outreach efforts. Colin and Steve have both been an important part of Crystal’s success. We are pleased to announce their news roles and look forward to their continued contributions.”

Crystal Financial is an independent commercial finance company that provides senior and junior secured term asset-based and cash-flow loans ($10 million to $150 million) to middle-market companies, either as a direct lender or in partnership with banks, other ABL lenders or private equity investors.