Hilco Global hired former Bank of America senior executive C. John Mostofi as executive vice president of capital solutions. The announcement comes at a time of rapid growth at the global financial services firm based in Northbrook, IL.
Mostofi will join the global holding company executive team to manage the expansion of the firm’s overall capital solutions practice. Mostofi will work closely with all Hilco operating companies to deliver bespoke integrated capital deployment solutions in event-driven and other opportunistic special situations. He will report directly to John Chen, president and COO at Hilco Global.
“Hilco Global is an impressive and unique organization with the ability to provide fully integrated solutions from strategy through execution, enabling it to meet all of the most critical needs facing business today.” Mostofi said. “I’m excited about this new role and I look forward to leveraging my 30 plus years of lending expertise and helping all of the Hilco Global operating companies find and execute transactions that require strategic capital alternatives to maximize value.”
Over the years, the Hilco Global financial services capabilities have expanded significantly with increased access to capital which has enabled the firm to regularly serve as the key capital partner in many transactions, in addition to delivering extensive valuation, monetization, and advisory solutions to maximize value within every deal it completes.
“As Hilco Global continues to expand, we wanted to add an executive with deep expertise in the banking industry with a strategic mind-set,” Jeffrey Hecktman, founder and CEO of Hilco Global, said. “We’ve known John for years and his extensive knowledge and experience as a lender will make him a fantastic addition and resource to our global leadership team.”
Prior to joining Hilco Global, Mostofi previously served as an executive vice chairman to global commercial banking at Bank of America. At Bank of America, Mostofi’s roles included serving as the U.S. regional commercial credit executive, where he led a team of financial professionals, providing a broad range of financing solutions to commercial and institutional clients across the U.S.
