Fifth Third Bancorp recently announced that Paul Vitti has joined its Asset-Based Lending Group as Managing Director.

In this role, Vitti will be responsible for originating and structuring asset-based loans in addition to cultivating customer relationships throughout the eastern United States.

“A market veteran like Paul brings an immense amount of expertise to our team, and his knowledge of the industry will provide significant value to our customers,” said Greg Eck, head of the Asset-Based Lending Group at Fifth Third Bank. “He has a proven talent and passion for delivering the right solution, which directly aligns with our team’s goal to understand client needs and personalize options based on those needs.”

Vitti brings more than 26 years of experience to the group. Prior to joining Fifth Third, he served in roles as managing director for asset-based lending originating efforts for both White Oak Asset Finance and GE Capital covering the large corporate and middle market throughout the northeast United States. He earned a bachelor’s degree in finance from Siena College in Albany, New York.

The Asset-Based Lending Group at Fifth Third Bank was formed in June 2016 and is led by industry veteran, Greg Eck. The group maintains a diversified ABL portfolio with over $2 billion in commitments and provides strategic asset based loans to middle market/large cap companies throughout the US and Canada.