Tom Forbes and Derek Marcello have joined Wintrust Commercial Finance (WCF) as senior vice president-capital markets, and senior vice president-asset management, respectively. Both will work from the group’s Frisco, Texas headquarters.
Forbes joins WCF from Caterpillar Financial Services where he was head of Global Capital Markets. During his 27-year career in the financial services industry, he has held positons with CIT, GE Commercial Equipment Finance and Orix Finance. He has a Bachelor of Arts from Purdue University and completed the Executive Development Program at the Kellogg School of Management. In his new role, he will originate new loan and lease transactions by working with the capital markets departments of strategic intermediary and institutional partners.
“Tom brings a wealth of experience and contacts to WCF,” said WCF Executive Vice President and COO Joe Thompson. “There is not much he has not done, or cannot do, in capital markets and his input and leadership will serve us well as we build the foundation for the future. Tom is a welcome addition to our WCF family.”
Marcello brings 20 years of experience in asset management and equipment valuations to WCF from his previous roles at MB Financial, M&T Bank, Wells Fargo Equipment Finance, Banc America Leasing and Textron Financial. He has a variety of certifications from the American Society of Appraisers, along with a Master of Business Administration from Johnson & Wales University and a Bachelor of Science in management from Rhode Island College. Marcello’s new responsibilities include establishing valuations and managing equipment assets securing the company’s growing loan and lease portfolio.
“Derek provides a breadth of experience following a successful career progression with many well-respected financial institutions,” said WCF Chief Credit Officer Paul Hallauer. “Derek possesses expertise across a wide variety of asset types, while also providing strong leadership and organizational structure around the asset evaluation process. We look forward to building out the WCF business with him.”
Forbes’ and Marcello’s extensive backgrounds will immediately contribute to WCF’s focus. The group provides sophisticated loan and lease products to commercial companies in a variety of capital-intensive industries, throughout the United States and Canada, including transportation, construction, manufacturing, healthcare, technology and energy.
Wintrust Commercial Finance (WCF), part of Wintrust Financial Corporation (Nasdaq: WTFC), is an equipment-focused financing group, headquartered in Texas, offering sophisticated loan and lease products to commercial companies in a variety of industries throughout the United States and Canada.
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