Rise Line Business Credit announced that Paul Durosko, Allan Gajadhar, and Michael White have joined the company. The three new hires enhance the capabilities of the underwriting, credit, collateral management and analytical teams. Rise Line recently launched their lower middle market asset-based lending platform for businesses looking for capital to fund their operations, acquisitions, and restructuring activities.
“We are very excited to announce the hiring of these three professionals to our team,” stated Daniel O’Rourke, Chief Executive Officer of Rise Line. “Each brings a specific area of expertise as our Company continues its development and growth throughout 2017.”
Gaurang Vyas, Founding and Managing Principal of Rise Line added, “Paul’s breadth of experience and depth of knowledge across the ABL discipline and Allan’s experience and keen focus on loan operations will dramatically add to our underwriting and servicing competencies. Our team’s experience across multiple cycles and sectors adds to our ability to efficiently and effectively serve our clients.”
Paul Durosko joins as Senior Vice President, Underwriting, and brings over thirty years of financial services and lending experience to Rise Line. For twenty-five years, Durosko worked in the commercial finance and lending industry in leadership positions. As a senior executive, he held management positions in areas of collateral examinations, portfolio management, underwriting as well as building and leading all credit aspects of several Asset Based Lending Platforms. Durosko has an extensive background in credit, having developed processes and procedures for numerous lending institutions which encompassed their underwriting and portfolio functions, while including both workout and regulatory compliance programs.
Before joining Rise Line, Durosko served as Senior Vice President of Credit at Medallion Business Credit. Prior to Medallion, he was a Director at Capflow Funding Group, where he was responsible for managing the Firm’s equity positions while overseeing the surveillance of their factoring portfolio. In addition, Durosko served as Group Head of ABL at Transportation Alliance Bank (TAB Bank), where he established the Bank’s Asset Based lending guidelines, including its policies and procedures. Before TAB Bank, he was Vice President of Firm Credit Risk at Morgan Stanley, where he managed distressed loans. Durosko developed his career by advancing in various senior level positions at Arthur Andersen, Fleet Capital, Transamerica Business Credit and Comerica Bank. Durosko received his Bachelor of Science at the University of New Haven with a major in accounting. He is also a member of both the Commercial Finance Association (CFA) and Turnaround Management Association (TMA).
Allan Gajadhar joins as Vice President of Operations, and brings over fifteen years of financial services and operational experience to Rise Line. His career includes significant experience in the operational aspect of asset based lending. He has served throughout his career in management roles overseeing daily collateral, banking and workouts.
Prior to joining Rise Line, he served as Vice President of Operations at Medallion Financial Corporation and prior to that served as Vice President, Client Services of Medallion Business Credit (a division of Medallion Financial Corp). Before joining Medallion, he held a managerial position in the US wholesale market industry. Gajadhar has an Engineering degree from The University of the West Indies, Trinidad. He is a member of the Commercial Finance Association (CFA).
Michael White joins as a Financial Analyst and is working as a part of the Rise Line deal team. His responsibilities include interfacing with prospective clients, analyzing financial statements and managing deal flow. Michael brings two years’ experience in structured finance and collateral analysis, and is currently completing coursework for the CFA’s Professional Education Programs.
White previously worked as a Trade Finance Analyst for Noble Group, where he assisted in managing a $1 billion borrowing base facility and provided analysis on collateral and structured financing deals. White graduated in 2014 from the University of Delaware with Degrees in both Accounting and Finance.