WebBank Announces Ken Laudano named SVP – Head of Credit Structuring & Counterparty Risk
2024年5月22日 - 10:01PM
ビジネスワイヤ(英語)
WebBank today announced the appointment of Ken Laudano as the
Senior Vice President – Head of Credit Structuring &
Counterparty Risk.
Ken joined WebBank in May 2024, and in this newly created role
he will lead the team responsible for managing the credit risk of
WebBank’s asset finance lending portfolio. This includes review and
approval of new counterparties and deal structures, effective
challenge of the underwriting and cash flow modeling process, as
well as proactive risk management of all asset finance credit
exposures. Ken and his team will also work closely with the Asset
Finance team on the due diligence of new deals, the ongoing
monitoring and surveillance of existing deals, and the build-out of
a robust asset finance lending infrastructure. He will also play a
significant role in developing the future strategy of the Asset
Finance business at WebBank.
Ken brings more than 20 years of asset finance industry
experience to the role, including extensive credit structuring,
cash flow modeling, and portfolio management expertise. Before
joining WebBank, Ken worked at East West Bank where he served as
SVP / Deputy Chief Credit Officer for Structured Finance and
Private Equity. Ken started his career in the Asset Finance Group
at Moody’s Investors Service and has held senior positions at
several leading asset finance institutions including Morgan
Stanley, BNY Mellon and Credit Suisse.
Ken received an M.S. in Statistics and Operations Research from
New York University, and a B.A. in Economics from the University of
Connecticut. He also holds the Chartered Alternative Investment
Analyst (CAIA) and Financial Data Professional (FDP)
designations.
“Credit Structuring and counterparty risk management are
important components of the Bank’s long-term strategic goals, and
Ken has a wealth of expertise and experience in navigating these
crucial components of our business,” said Jason Lloyd, President
& CEO. “Ken’s proven track record and credit expertise make him
a valuable addition to our team, and I look forward to the
substantial contributions he will bring in his new role.”
About WebBank
WebBank is a Utah chartered Industrial Bank headquartered in
Salt Lake City, Utah. Since its inception in 1997, WebBank has
originated and funded over $190 billion in consumer and commercial
credit products. As “The Bank Behind the Brand®”, WebBank is a
national issuer of consumer and small business credit products
through Strategic Partner (Brand) platforms, which include
retailers, manufacturers, finance companies, software as a service
(SaaS) and financial technology (FinTech) companies. The Bank is a
leading player in the digital lending space, driving innovation in
financial products through embedded finance with Strategic Partner
platforms. WebBank engages in a full range of banking activities
including consumer and commercial loan products, revolving lines of
credit, credit cards, private-label card issuance, auto-refinancing
and more. The Bank provides capital in the form of asset-based
lending and other credit facilities to Strategic Partner platforms,
credit funds, and other lenders with a targeted focus on specialty
finance assets. The Bank is also a leading provider of commercial
insurance premium finance products through its wholly owned
subsidiary National Partners. For more information, please visit
www.webbank.com.
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Shannon Hutchings shannon.hutchings@webbank.com