Merchant announced the hiring of Jimmy Schwartz as a SVP and senior account executive for its expanding ABL portfolio. Schwartz spent 25 years in the commercial finance and banking industries. Most recently he was a VP and Senior Relationship Manager at HSBC Bank.

Neville Grusd, president of Merchant Financial, said, “We are most fortunate to have Jimmy join our team. He is a seasoned asset-based lending account executive and will enable us to sustain the growth of our ABL portfolio, which has been significant in the past few years. Jimmy will also be involved in our business development efforts and will assist in the continued personal service and flexibility we offer our clients.”