NewStar Business Credit, a division of NewStar Financial, announced that it hired Ron Montgomery as a senior vice president and will open a new office in Los Angeles. Montgomery will expand NewStar Business Credit’s marketing and origination efforts on the West Coast and surrounding states, with responsibility for generating new asset-based financing opportunities with middle-market companies.

Montgomery has more than 25 years of experience in structuring, originating, underwriting and managing debt financings for middle-market firms. Prior to joining NewStar, he was a vice president with BBVA Compass Bank covering all phases of the lending process. Previously, Montgomery worked for Rabo Bank, Guaranty Business Credit and Finova Capital.

“I am excited to be joining NewStar and working with such an experienced and professional team. After working for years with middle-market companies to provide financing solutions, I am confident that NewStar Business Credit will provide a great platform for me to offer creative and flexible financing options to clients.”

“Ron is well-known in the West Coast Market and will be a great addition to our origination efforts in the region,” said Milton Iskra, EVP and national marketing manager for NewStar. “I have known Ron for many years and am excited to work together with him once again. He adds further depth to our team with a valuable combination of marketing coverage, credit skills and deal execution experience.”