Daily News: February 7, 2012

NewStar Hires Brown as SVP to Lead Southeast Region

NewStar Business Credit, a division of NewStar Financial, Inc. announced that it has hired Stephen Brown as a senior vice president and will open a new office in Atlanta, GA. Brown will expand NewStar Business Credit’s marketing and origination efforts in the Southeastern region with responsibility for generating new asset-based financing opportunities with middle-market companies.

Brown has more than 30 years of experience in structuring, originating and managing debt financings for middle market firms. Prior to joining NewStar, he was a senior vice president with Presidential Financial. Previously Brown has also represented Textron Financial, BMO (formerly Harris Bank) and GE both in origination and management capacities.

“Steve is well known in the Southeast market and will be a great addition to our origination team,” said Milton Iskra, EVP and national marketing manager for NewStar. “I have known Steve for a number of years, we have worked together in the past and I am excited about the opportunity to work together again. Steve adds substantial depth to our team with a valuable combination of marketing coverage, credit skills and deal execution experience.”

NewStar Business Credit provides asset-based loans to mid-sized companies operating across a wide range of industries in the middle market.