White Oak Commercial Finance (WOCF) has hired both Sudhir Chaudhry and Kevin Maitland in senior vice-president, director underwriting roles.
Chaudhry joins White Oak’s Los Angeles office and Maitland joins the company’s Boca Raton team.
Chaudhry most recently served as a vice-president and senior underwriter for Ares Commercial Finance in Los Angeles, where he carried out due diligence on and underwrote loans for businesses with revenues between US$50mn and US$500mn.
He has held various roles in structured and corporate finance for companies including Celtic Capital Corporation, Reliance Investments Incorporated, Guaranty Business Credit, Southern Pacific Bank and CIT Bank.
Maitland most recently held a vice-president and senior underwriter role at PNC Business Credit, and has worked on more than 350 middle-market financing transactions, primarily between US$20mn and US$150mn.
“We are continuing to add to the White Oak team deeply experienced talent committed to creating bespoke solutions tailored to our clients’ needs, and welcome both Sudhir and Kevin whose backgrounds lend ideally to our client-focused mandate,” says Robert Grbic, president and CEO of WOCF.
“Small and medium-sized businesses across the US are increasingly turning to non-bank lenders like White Oak to help them achieve their growth plans,” he adds.
White Oak Commercial Finance is a global financial products and services company providing credit facilities to SME companies.
WOCF’s solutions include asset-based lending, full-service factoring, invoice discounting, supply chain financing, inventory financing, US import/export financing, trade credit risk management, account receivables management and credit and collections support.
White Oak Commercial Finance is an affiliate of White Oak Global Advisors, which is a global alternative asset manager specialising in originating and providing financing solutions to facilitate the growth and refinancing of SMEs.
The new WOCF hires follow a recruitment spree for White Oak UK’s finance team, part of White Oak Global Advisors. Nicki Bowron, Callum Bull, Gordon Malcolm, Cole O’Malley and Andrew Thrower joined White Oak UK as business development specialists this year.
Paul Roberts, head of specialist finance at White Oak UK, says: “By hiring a team with such a wide variety of specialisms and experience, we can offer UK SMEs the full range of business funding products, including asset financing, asset-based lending, invoice finance, business and tax loans.”