Andrew Cerussi joined Tiger Financial as a managing director. Cerussi is a 20-year veteran of the asset-based lending and financial services industries, having previously worked for Bank of America Merrill Lynch, LaSalle Retail Finance and Wells Fargo Retail Finance.
Retail inventory valuations bounced back quickly in May and June as Americans responded to retail re-openings by hunting for bargains at liquidation sales, according to Tiger Capital Group executives.
In the fifth episode of ABF Journal’s COVID-19-focused podcast series, Dan Kane of Tiger Capital Group explained why junior debt and mezzanine lending is scary right now, where ABL lenders are focused and how Tiger is relying more on data and experience for appraisals.
Bruce Passen, a 40-year veteran of the debt purchasing field, joined Tiger Group as managing director of the company’s newly-formed Tiger Receivables division.
The Tiger Never Sleeps: As Retail Distress Continues, Tiger Group Provides More Sophisticated Services
The liquidation business has made great strides since Tiger Group opened its doors in 2001. ABF Journal editor Nadine Bonner speaks with Tiger Co-Founder Dan Kane and COO Michael McGrail to discover how two accountants helped build one of the country’s largest, most powerful appraisal and liquidation businesses.