Daily News: October 2, 2012

Crystal Financial Promotes Franklin, Ozargun

Crystal Financial announced the promotion of two members of its senior management team.

Joshua Franklin will assume the newly created position of chief operating officer (COO). In this role, Franklin is responsible for the management of various critical operational functions for the firm, including finance, CRM, HR and compliance. He joined the Crystal team in 2006, and has served as managing director and team leader in the underwriting and portfolio management group since 2010. Prior to Crystal, Franklin was a director at Citize’s Capital Inc. He is a graduate of Towson University and Babson College.

Evren Ozargun, a managing director at Crystal, will be a team leader, in the underwriting and portfolio management group. In addition to leading his team, Ozargun will continue to execute complex debt capital financings, incorporating both asset-based and cash-flow underwriting disciplines. He came to Crystal in 2006 from Wells Fargo Retail Finance. Ozargun is a graduate of Babson College.

“Josh and Evren are seasoned and dedicated finance professionals who serve as key members of the Crystal team,” said Ward Mooney, president of Crystal Financial. “We are pleased to announce their promotions, as they reflect the continued success of Crystal and position the firm for significant growth and expansion. We look forward to their continued leadership and 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.