Capital Business Credit (CBC) has hired Peter Provenzale as a senior business development officer and senior vice president in its asset-based lending division.
He will work directly with CBC President and CEO Marc Adelson, as well as Executive Chairman Andrew Tananbaum, according to the firm’s press release.
“Peter’s extensive experience working with middle market companies, in addition to his broad network of contacts, will help us to expand our asset-based lending business and further establish a strong footprint in the northeast,” Adelson said.
Provenzale was previously with CIT for almost 25 years, where he held various roles in both the asset-based and factoring divisions. He has also spent time at Fleet Capital and Wachovia/Congress.