Garrington Capital, a North American loan origination, underwriting and operations platform, completed two promotions for its senior management team.
Jordan Allen was named CEO of Garrington’s U.S. business and is responsible for loan origination throughout the United States. He joined Garrington’s equipment finance affiliate in 2018, and before that, he was a partner of a U.S.-based specialty lending firm. Allen also serves as a member of the investment committee at Garrington.
Vince Mancuso was named managing director of strategy. Mancuso will oversee product and program development and management in his new role. Mancuso’s relationship with Garrington dates back to 2016, and he has served in various management roles. Mancuso brings nearly 30 years of experience in commercial finance. Before joining Garrington, Mancuso was president of a North American asset-based lender and factor and chief operating officer of another North American factor.
“I am thrilled to take on this new role as we complete the integration of our U.S. and Canadian operations. Our team is well-rounded and deep across loan origination, underwriting and operations,” Allen said. “Due to the anticipated recession and recent banking crisis, banks and other conventional lenders are tightening their credit requirements even further. We are not limited by these restrictions and are actively providing capital in a tight credit market. “
“I am really excited to rejoin Garrington in this new role,” Mancuso said. “All the parts are there; I will help expand our factoring and asset-based teams. We are currently one of the more active lenders in the market we intend to expand on our recent success.”
