Andrew Cerussi joined Tiger Financial as a managing director.
Cerussi is a 20-year veteran of the asset-based lending and financial services industries. From his base in Tiger’s Boston office, he will focus on identifying both secured debt financing and equity capital opportunities. Cerussi will report to Bob DeAngelis, executive managing director of Tiger Financial.
During the previous 15 years, Cerussi was a senior vice president at Bank of America Merrill Lynch, where he helped manage the retail finance group. Prior to that, he was a vice president at LaSalle Retail Finance, focusing on workouts. Earlier in his career, he held positions as a senior project manager at one of Tiger’s competitors and as a retail analyst at Wells Fargo Retail Finance.
“I’ve known Andy both professionally and personally for over 15 years. His diverse background and intelligent approach to debt financing and equity capital is an ideal fit for our rapidly growing finance division,” DeAngelis said. “Tiger’s active involvement in sophisticated transactions — incorporating equipment, inventories, receivables, real estate and intellectual property — requires a broad, high level of experience unique to a small circle of individuals. Andy’s expertise and ability to execute our solutions will be tremendously beneficial to our clients.”
“We have worked with Andy for many years and have been extremely impressed with his wealth of industry knowledge and innovative approach to some of the largest, most complex transactions in retail, including Pier One, Sports Authority and Borders,” Dan Kane, managing member of Tiger Capital Group, said. “He is a welcome addition to our team of finance professionals.”
“I am thrilled to be joining Tiger,” Cerussi said. “Over the years, I have been impressed by their intelligent approach to debt financing and equity capital. I look forward to helping the Tiger team expand their portfolio while providing needed solutions to the ABL and investment banking communities.”
Cerussi is a member of the Secured Finance Network and Turnaround Management Association, and holds Series 7 and Series 63 licenses.
Tiger Financial is an affiliate of Tiger Capital Group.