Long-time Bank of America executive Betsy Ratto will join the Hilco Global team as senior vice president of capital solutions with responsibility to drive business for ReStore Capital and Hilco Corporate Finance.
In this new role, Ratto will be responsible for originating and executing corporate finance and capital markets transactions with a focus on the retail industry and other financing transactions. Ratto will be based in Hilco’s Boston office and will work on identifying and originating lending/investment opportunities through Hilco Global’s and her own existing network of professional contacts and relationships, including investment banks, private equity firms and hedge funds.
Ratto returns to the financial services industry following a short break from her career at Bank of America, where she served as managing director of the U.S. retail finance group. During her 30-year tenure at Bank of America, Ratto scaled one of the nation’s asset-based lending platforms from a handful of retail clients to an average of more than $20 billion in assets under management with an evolving portfolio of more than 90 large national retailers.
Ratto and her team were responsible for all aspects of problem loan management, including debtor-in-possession and exit financing, with more than $25 billion in assets under management worked out over her leadership tenure to a zero-loss result. During her years at Bank of America, Ratto’s responsibilities also included new client acquisition, loan syndication, relationship management, problem loan management and risk management techniques.
“I’m excited to join the Hilco Global team,” Ratto said. “Having worked with Hilco for many years, I’ve always been impressed with their partnership approach and ability to provide fully integrated solutions from strategy through execution. Given Hilco’s recent expanded capabilities in both the investment and advisory space, joining the team is an opportunity to leverage my 30-plus years of lending expertise from a totally new perspective.”
“We’re so thrilled to have Betsy join the Hilco Global family. She is highly skilled at developing new business opportunities with an aptitude for creative, out-of-the-box solutions that address the needs of diverse constituents,” Jeffrey Hecktman, CEO and founder of Hilco Global, said.
