Presidential Financial announced that Tom Otte, a 30-year veteran in the financial industry, has joined the company as a senior advisor and regional manager, and will operate out of the company’s newly established office in New York City.

Otte’s lending experience includes ten years with First Chicago Bank & Trust and fifteen years with GE Capital. During his tenure with GE Capital, he focused on launching and repositioning new and existing commercial lending businesses in the U.S. and internationally. He was the president and CEO of GE Capital Mexico, the president and CEO of GE Financial Assurance, and a managing director with GE Capital, where he was the business leader for the Middle Market Lending Unit and International Operations in Mexico, Chile and Southeast Asia. In addition to his extensive lending experience, Otte has also been involved in the financial advisory and growth capital marketplace as a managing director of Dune Capital, and was most recently the founding partner of his own boutique strategic advisory firm, TKO Finance Group.

“We are enormously pleased to have Tom on board,” said Tom Matthesen, CEO of Presidential, who worked with Otte at GE Capital. “He brings extensive experience, leadership and strategic vision which will serve us well as we enter the next growth phase of the company. Tom’s presence is not only critical to our growth strategy in New York City and the northeast, but to all strategic growth opportunities across the country.”

“I am very excited about reuniting with Tom Matthesen and joining the Presidential team,” said Tom Otte. “I believe that Presidential, with its national presence and its commitment to growth at this most opportunistic time for asset based lenders, has the best platform for serving both healthcare and commercial small and mid-cap borrowers.”

Presidential Financial is a senior lender providing growth capital to businesses and healthcare providers throughout the United States.