Daily News: September 6, 2019

WFCF Expands ABL Originations Group


Wells Fargo Capital Finance has added three new business development officers to its Corporate Finance and Middle Market Loan Originations Groups, covering the nation’s Midwest, Northeast, and Southeast regions.

The new BDOs are Lindsay Gray, Corporate Finance; and Stacy Odendahl and Pat Donahue, Middle Market. The three additions mark the continued expansion of the ABL originations group, the largest book runner of ABL transactions by volume in the U.S. 1

“We see a lot of opportunity ahead and are focused on making sure we are well positioned to help our clients through all cycles,” said James Marasco, national head of loan originations. “Lindsay, Stacy and Pat bring unique backgrounds and strong industry experience to these roles, which will allow us to build new relationships and better serve our existing clients.”

With more than 15 years of financial industry experience, Gray began her career as an investment banking analyst with Wachovia Securities. She also held various roles at Bank of America in commercial real estate and ABL and worked with clients with $50 million to $2 billion in revenue. Now reporting to Eran Cohen, she will call on Midwest private equity firms and other referral sources to originate new asset-based loans.

Odendahl brings more than a decade of experience in the Southeast commercial finance industry. Previously, she worked at Crestmark, a division of Metabank, and Bibby Financial Services. In her new role reporting to Dave Ellis, she will focus on both ABL and factoring transactions.

Donahue joined Capital Finance in 2016 as an associate on the Northeast Middle Market Originations team. In his new role reporting to Peter Pugliese, he is covering middle market private equity groups, advisors and other third parties, as well as collaborating with local middle market banking teams. He also spent two years as an analyst on Wells Fargo’s credit resolution group, focusing on turnaround and restructuring. Previously, he worked at Griffin Financial.
Donahue is based in New York.