Juan V. Ruiz has joined Sterling National Bank’s Factoring and Trade Finance team as vice president and managing director.

Ruiz will focus on developing new client relationships and helping build on the unit’s growth and profitability across its national footprint. “Juan brings a new perspective to help us diversify our product offering beyond our traditional factoring marketplace,” said John La Lota, president of the Factoring and Trade Finance division.

Ruiz has years of experience in structured finance and corporate development. He most recently was managing director at Wynston Hill Capital where he specialized in investment banking, private equity capital and M&A advisory. He has also held senior positions with several financial institutions including Anvil Capital Advisors, Bank of America Merrill Lynch, American Industrial Acquisition and Goldman Sachs.

“Juan’s addition to the team reflects Sterling’s deep commitment to building on our factoring and trade finance expertise and our focus on relationship banking,” said Tom Geisel, president of Specialty Finance. “His experience in delivering best-in-class-service will be a great asset to the organization as we continue to expand our capabilities.”