Climate First Bank Taps Structured Finance Expert to Boost Specialty Lending
San Francisco, Tuesday, 12 November 2024.
Climate First Bank appoints Ryan Jaskiewicz to lead its new Structured Finance division, focusing on factoring and asset-based lending. This strategic move aims to accelerate growth in specialty finance while maintaining the bank’s commitment to sustainable banking practices.
Strategic Leadership for Sustainable Growth
Climate First Bank, known for its commitment to combating the climate crisis, has taken a significant step by appointing Ryan Jaskiewicz as President of its new Structured Finance division. This appointment, effective November 12, 2024, marks the bank’s strategic shift towards expanding its specialty finance offerings, particularly in factoring and asset-based lending. These financial instruments are crucial for providing businesses with liquidity, leveraging assets such as receivables, inventory, and equipment[1].
The Role of Factoring and Asset-Based Lending
Factoring and asset-based lending are pivotal in structured finance. Factoring involves selling invoices at a discount for immediate cash flow, which can be vital for businesses needing quick liquidity. Asset-based lending, on the other hand, allows companies to use their assets as collateral to secure loans, thereby facilitating larger financial flexibility[1]. With Ryan Jaskiewicz at the helm, Climate First Bank is poised to utilize these techniques to support businesses in meeting their financial needs while promoting sustainable economic practices.
Leveraging Expertise for Financial Innovation
Ryan Jaskiewicz brings over 17 years of experience in financial services, having previously founded 12five Capital, which managed over $45 million in net funds. His expertise in developing tailored financing solutions and promoting a transparent work culture aligns with Climate First Bank’s mission to empower businesses and individuals to use finance as a force for good[1]. Additionally, Ryan’s involvement with the American Factoring Association underscores his commitment to advancing structured finance solutions.
Commitment to Sustainable Banking
Climate First Bank continues to lead by example in the sustainable banking sector. As a Certified B Corp and a member of 1% for the Planet, the bank has been operationally net-zero since its inception in June 2021. This commitment is further evidenced by its Employee Stock Ownership Plan, which has converted nearly 500 workers into owners, fostering a more inclusive and engaged workforce[1]. With the new Structured Finance division, the bank is set to further integrate sustainable practices into its financial offerings.
Future Prospects
Under the leadership of CEO Ken LaRoe, Climate First Bank aims to expand its influence in the finance sector through strategic appointments and innovative financial solutions. The appointment of Jaskiewicz is a clear signal of the bank’s ambition to blend sustainable practices with cutting-edge financial strategies. As the bank continues to grow, its focus on structured finance and asset-based lending is expected to play a pivotal role in its expansion strategy, catering to businesses seeking sustainable financial solutions[1].