TD Bank  has named Richard (Rich) Bochicchio as Managing Director-Business Development in Asset Based Lending. Based in Wilton, CT, he is responsible for developing new and expanding existing ABL relationships across the Metro NYC market.

Bochicchio has more than 30 years of experience originating and executing ABL and leveraged finance transactions. Prior to joining TD Bank, he served as Head of ABL at Sterling National Bank in New York City, which provided asset-based lending solutions to middle market companies nationwide. Before that, Bochicchio was Managing Director at AloStar Business Credit, where he originated middle market asset-based lending transactions. He co-founded Seaward Partners, LLC, a private investment fund, and was a founding member of Crystal Capital Fund as well as Managing Director of Back Bay Capital Funding, one of the creators of the second lien loan product. Bochicchio also has held senior positions at Fleet Boston Financial/Bank of America and started his career at Chase Manhattan Bank (predecessor to JP Morgan).

Bochicchio is a member of the Association of Corporate Growth, the Commercial Finance Association (CFA), and the Turnaround Management Association (TMA), where he serves on its Global Executive Board and as VP-Chapter Relations and Past–President of the New York City Chapter. He is a frequent speaker at industry events on distressed investing, second lien lending and asset based lending.
 
“Metro New York City is an important market for TD Bank,” said Jeffery W. Wacker, Head of ABL Business Development. “We welcome Rich and his depth of experience and skill, and look forward to building on the tradition of providing legendary service for our customers.”

A New Canaan, Conn., resident, Bochicchio received an MBA from New York University and an undergraduate degree from State University of New York at Albany.