Maxim Commercial Capital added Lyndon “Lyn” Elam as chief operating officer. Elam brings over 20 years of financial services experience spanning multiple specialty finance sectors to Maxim, where he is responsible for executing the company’s operating strategy and leading its originations and portfolio management teams.
“Lyn’s proven track record as a COO, coupled with his exceptional leadership acumen, make him a pivotal addition to our closely-knit team,” Michael Kianmahd, CEO of Maxim, said. “As Maxim approaches its 17th anniversary, we are implementing numerous strategies toward achieving our vision of becoming the nation’s preeminent alternative lender to small and mid-sized business. Bringing Lyn aboard is a key part of this plan.”
Elam previously served as COO of United Auto Credit, a subprime indirect auto lender, where he led the company’s post-acquisition integration with Vroom and oversaw portfolio growth to $1.1 billion in assets. He also held senior positions at leading specialty finance businesses across a broad range of asset classes, including retail automotive, mortgage, commercial, credit card, marine, RV and powersports.
“I’m thrilled about the opportunity to make an impact on Maxim’s future success,” Elam said. “The company’s longevity across many economic cycles has resulted in a solid foundation from which to expand, while today’s fragmented equipment financing sector offers tremendous opportunities for Maxim to grow. Perhaps more importantly, the company’s culture invites collaboration, open discourse and consensus building, resulting in a healthy environment.”
