KeyBank Business Capital, the asset-based lending arm of Cleveland-based KeyCorp, announced that David Quon has joined the bank as a senior business development executive. He will be responsible for originating, structuring and growing the group’s asset-based lending portfolio for institutional and commercial clients. Quon is based in Chicago and will report to Paul Cronin, head of KeyBank Business Capital.

Quon brings more than 25 years of experience as a strategic advisor and financial capital partner for publicly traded and privately held middle-market businesses throughout the US and Canada. Most recently, he was a managing director at White Oak Global, a multi-billion private credit investment asset management firm, responsible for originating and structuring new alternative direct lending middle-market financing and investment opportunities for the Chicago Midwest Region and Canada.

Previously, Quon held various senior leadership roles, with Congress Financial Corp. (nka Wells Fargo Capital Finance), FirstMerit Business Credit (nka Huntington Bank), CIBC World Markets, Orchard First Source Capital, and DN Partners. He has completed more than 150 transactions with an aggregate value greater than $10 billion, serving as an advisor, lender, borrower and investor. Quon has extensive experience with mergers and acquisitions, restructurings and recapitalizations, as well as transactions related to growth, cross-border (US and Canada), specialty finance, capital markets and private equity.

“David brings both production and advisory experience to this role, with a proven record of client service and satisfaction throughout his career,” said Mr. Cronin. “We look forward to David’s leadership in building our market share with a continued focus on advising our clients with best-in-class service.”

Quon received his Master of Arts degree in Economics from the University of Southern California and his Bachelor of Commerce in Finance from the University of Saskatchewan in Canada. He is president of the Christopher Quon Foundation, as well as a member of the Association for Corporate Growth and Turnaround Management Association. He has previously served as a board of director for several private entities.