Peter Austin joined Milberg Factors, a factoring and commercial finance firm, as senior vice president.

Austin will manage portfolio accounts, enhance client relationships and develop new ones. Additionally, he will take an active role in business development, working with colleagues in the Los Angeles and Winston-Salem, NC offices.

Austin brings more than 20 years of experience to Milberg Factors, most recently as senior vice president at Rosenthal & Rosenthal. Prior to Rosenthal, Austin was a senior vice president at Wells Fargo’s Trade Capital division and before that, he was a vice president and senior underwriter at CIT.

“Peter’s expertise as an accomplished client advisor with exceptional credit skills is a welcome addition to the firm,” Daniel R. Milberg, president of Milberg Factors, said. “His impressive experience coupled with his relationship-building skills will add value internally and will strengthen the range of strategic services we provide to our clients.”