Daily News: May 30, 2012

GA Capital Names Former Tygris, GE Exec Armstrong President

Great American Group, a provider of asset disposition, valuation and appraisal services, announced the appointment of Stuart Armstrong as president of GA Capital.

Armstrong, who has more than 20 years of experience in the financial services industry, will be responsible for the day-to-day management and operation of GA Capital, which provides senior and junior secured loan facilities to help middle market businesses meet their financing needs.

Previously, Armstrong was one of the founders and served as executive vice president of Tygris Commercial Finance and as president of Tygris Corporate Finance. Prior to that, Armstrong was president of Black Diamond Commercial Finance and was senior managing director and vertical industries leader for GE Commercial Finance’s Corporate Lending Group. Armstrong started his career at The Bank of New York.

“We’re pleased to have someone of Stuart’s caliber joining us,” said Great American Group CEO Andy Gumaer. “With his experience, he’ll be a tremendous asset to the customers who come to us for the wide variety of financial solutions we make available through GA Capital.”