Ally Commercial Finance added a new director that will focus on working with financial sponsors and handle leveraged loans, the firm said.
Ally said that Jaron Stern has joined the company as a director. Stern will be focused on business development with equity sponsors and intermediaries. He will handle leveraged loans and be focused on the West and Midwest. He will be based in the firm’s Burbank, Calif. office and report to Managing Director Chip Oboza.