Daily News: August 22, 2018

PNC Business Credit Expands Senior Secured Finance Team


PNC Business Credit added Alex McCombs and Todd Austhof to its Senior Secured Finance Team, expanding the Western and Southeast regions.

McCombs was appointed senior vice president and business development officer based in San Francisco. He will be responsible for business development and direct origination with middle market companies in the Greater Bay area and Central Valley markets. McCombs joined the organization from the Industrial Commercial Bank of China, where he served as business manager for Commercial Banking. Prior to that, he served as a director for Commercial Banking with Bank of America.

An 18-year PNC veteran, Austhof was appointed business development officer with the senior secured financing team. Based in West Palm Beach, FL, he will be responsible for business development with private equity firms and middle-market companies, as well as origination of asset-based and cash flow loans in the Florida market. Austhof most recently served as a relationship manager with PNC Business Credit.