Gibraltar Business Capital appointed Jim Marasco, a senior executive leader with an extensive tenure at Wells Fargo Capital Finance, to its board of directors.
Marasco has expertise in all aspects of secured and asset-based lending, leveraged finance, transaction sourcing and portfolio management. Beyond his primary role in sales management, he has a background leading underwriting, loan syndications and bank products teams. Marasco has experience working with distressed, turnaround and special situation credits across a spectrum of industries.
Throughout his career, Marasco and his team have closed more than 2,000 transactions and provided more than $50 billion of credit commitments to the market. Marasco began his Wells Fargo Capital Finance career in 1989 at predecessor Foothill Capital in an originations capacity.
“Gibraltar’s entrepreneurial leadership approach designed to serve its partners with fast, flexible and creative lending solutions aligns with how I built my career for more than three decades — focused on providing greater access to capital,” Marasco said. “I look forward to strategically supporting Gibraltar’s mission to serve lower middle-market companies in transition and helping the leadership team solve challenges and fuel growth.”
As a leader at Wells Fargo Capital Finance as a senior managing director, Marasco was a member of the company’s senior credit committee for its ABL and specialty businesses (technology, retail, lender and healthcare finance and international new business). He served on the company’s administrative, management and operating committees, providing him insight into all aspects of the business, including P&L and regulatory compliance, and all facets of the firm’s operations.
“Jim’s strong credit acumen, enviable track record of relationship development and loan originations for middle-market private, public and sponsor-backed companies makes him an invaluable asset to Gibraltar’s leadership team and our partners,” Scott Winicour, CEO of Gibraltar Business Capital, said. “Jim’s impressive tenure was also spent attracting, developing and deploying high-performing talent — people leadership expertise that will also serve our team well.”
