Wells Fargo Commercial Capital has promoted David Koshenina to head of its Lender Finance Group.

He will lead a team that provides asset-based lending for specialty finance companies, including other asset-based lenders, factors, equipment leasing, and other nonbank lenders. He is based in Dallas, and reports to Nick Cole, head of the WFCC’s Specialty Finance Group.

Koshenina succeeds Cyndi Giles, who has taken a new executive role for Wells Fargo Commercial Banking in North Texas and Oklahoma.

“David has deep experience with our Lender Finance customer base, strong relationship development and leadership skills, and history of achieving outstanding results that add value to our team and our clients,” said Cole. “He will play key roles in developing our capabilities and providing working capital for specialty finance firms globally.”

Koshenina is a 12-year company veteran who most recently served as managing director of Loan Sales and Syndications for Wells Fargo Capital Finance. Before joining Wells Fargo, he was a turnaround consultant for Alvarez & Marsal and spent six years in Investment Banking at Piper Jaffray covering financial institutions.