BHI appointed Nitin Aeri as head of cash management. Aeri brings to BHI more than 20 years of experience in treasury and cash management across commercial, corporate and multinational client segments.
BHI made two strategic hires in California. James Lee was appointed senior vice president and head of California commercial & industrial. Kevin Kim has been appointed first vice president and relationship manager for the California C&I team.
BHI launched a new not-for-profit division, which will provide financial solutions to nonprofits. Andrea S. Kantor, a banker with 25 years of experience, will lead the new division.
BHI restructured its business team, appointing John Yoler head of BHI Commercial & Industrial and Gal Defes head of international C&I, high tech and investment services. In addition, Steven Caligor was appointed head of BHI’s commercial real estate division.
BHI closed a $15 million credit facility for Hotwire Communications, a national fiber optics internet cable provider for residential and commercial buildings based in Fort Lauderdale, FL.
BHI and its specialty and sponsor finance group provided a $55 million senior secured credit facility for an N.J.-based paper distributor, and also increased its revolver commitment of $45 million to support an acquisition for a private equity-owned manufacturer of specialty labels.
BHI added two new industry verticals – Food & Beverage and Specialty & Sponsor Finance – to its New Jersey Representative Office in response to a surge in business activity across these industries.