Milberg Factors promoted Daniel R. Milberg from senior vice president to president.

In this new role, Milberg will oversee all areas of Milberg Factors. His focus will be on managing Milberg’s business development, client loan portfolio and overseeing Milberg’s regional offices in Los Angeles and Winston-Salem, NC.

“We are exceptionally pleased to have Dan at the helm of Milberg Factors. As senior vice president, he laid the groundwork for expansive growth at the firm, and was an exceptional partner to his clients. As president, we can look forward to an even greater level of growth and leadership,” said Leonard Milberg, chairman of Milberg Factors.

Milberg came to the firm in 1989 and worked in the credit department until 1998, when he was given primary responsibility for business development.