With commitments of more than $1 billion, RBS Citizens Retail Finance Group marked a successful first year, helping a number of clients secure working capital as well as acquisition and growth financing.
“We are deeply committed to the Retail Finance platform, and are very pleased with the tremendous progress we have made in implementing and executing on our business strategy,” said Chris Carmosino, president of RBS Citizens Business Capital.
Building on this success, RBS Citizens announced the additions of Dan Williams and Michael Ganann both as senior vice presidents to its Retail Finance Group. They will report directly to Jaime Ward, the national group head.
Williams joined RBS Citizens from BNP Paribas, where he spent the past two years overseeing the implementation and execution of BNP’s Asset Based Lending platform. Prior to BNP, Williams had spent a majority of his 16 year commercial finance career focused on meeting the financial needs of retail and consumer product companies while at GE Capital and BankBoston/Fleet. Williams will be responsible for business development nationally, and is based in New York.
Ganann joined RBS Citizens from Wells Fargo Capital Finance, where he spent the past several years working with the Technology Finance group. Prior to that he worked with Bank of America’s retail finance team, overseeing a number of key relationships in the retail industry. Ganann is responsible for underwriting and portfolio management and is based in Boston.
“We are very excited to announce the additions of Dan and Mike to our Retail Finance team. Both are seasoned professionals within the Retail Finance industry and will be invaluable assets as we continue to build our presence nationally,” said Ward.