U.S. Bank Realigns Asset-Based Finance Organization

U.S. Bank realigned its asset-based finance organization with the goal of best serving its current clients and meeting the growing demand for asset-based financing products._x000D_
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John Freeman was named head of sales & originations for U.S. Bank Asset-Based Finance. He most recently led coverage for ABF clients across the Western U.S. and various industry verticals. Freeman is an industry veteran who joined the bank in 2020 from JPMorgan and has more than 30 years of banking experience._x000D_
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The team has been realigned to match the structure U.S. Bank has across the bank for serving corporate and middle market clients. Coverage will be broken up under three new leaders._x000D_
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1. James Montgomery – ABF Sales Leader_x000D_
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A 14-year U.S. Bank veteran, Montgomery previously led ABF coverage for middle market firms in the Central and Eastern United States. Montgomery’s team of originators will oversee certain geographical coverage in addition to the following industry verticals: food and beverage, automotive and transportation, aerospace and defense, healthcare and hospitality and leisure._x000D_
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2. Daniel Stampfel – ABF Sales Leader_x000D_
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Stampfel joined U.S. Bank in 2021 from JPMorgan and most recently led ABF coverage for middle market companies and private equity sponsors across Texas. Stampfel’s team of originators will oversee certain geographical coverage in addition to the following industry verticals: consumer and retail, large cap sponsor coverage, energy industries and technology, media and telecom._x000D_
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3. Steve Szymanski – ABF Leveraged Finance Leader_x000D_
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Szymanski just joined U.S. Bank after more than 17 years at Bank of America, where he was most recently a senior member of the bank’s ABL Capital Markets team. Szymanski will provide ABF solutions to borrowers that have historically utilized the capital markets, including both private equity-backed and publicly traded companies._x000D_
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“There is a growing need for ABF solutions across the economy as companies look to expand as efficiently as possible,” Dan Son, head of working capital finance sales and origination at U.S. Bank, said. “We’re confident this realignment will allow us to be more interconnected with other capabilities across the bank, which will help us deliver additional value to our clients.”