Wells Fargo Capital Finance named Executive Vice President Kevin Gillespie head of its Middle Market Asset-Based Lending Group, a newly formed business group focusing on transactions under $35 million.
Gillespie will serve as lead executive for middle market relationships for Capital Finance with shared responsibility for credit, operational risk, compliance and new business development. He will also work closely with the head of Middle Market National Originations and the Middle Market ABL group Credit Officer for Wells Fargo Capital Finance. Both positions are new and are expected to be filled in Q3/18.
“With his experience in asset-based lending along with leading Wells Fargo’s Capital Finance factoring business, which is the largest bank-owned factoring business in the country, Kevin’s expertise and determination makes him a key leader to help strengthen our commitment to the middle market ABL industry,” said David Marks, head of Wells Fargo Capital Finance.
A 20-year industry veteran, Gillespie joined Wells Fargo in 2010 and most recently led the relationship and credit management teams for the Commercial Services Group, part of Capital Finance. Prior to joining Wells Fargo, Gillespie spent 14 years at CIT Group where he held numerous positions in account management, underwriting and business development. He is a member of the Commercial Finance Association and is active in several credit and trade associations.