Salus Capital Partners announced the following new hires:

Timothy R. Tobin joins Salus as Senior Managing Director, Originations and Corporate Development, and is responsible for originations and guiding corporate development efforts. He also has a specific focus contributing to credit risk management and special opportunities. Tobin has more than 20 years of experience serving the financing needs of middle-market and large-corporate companies throughout North America. Prior to joining Salus, he was managing director at GE Capital, Corporate Retail Finance where he helped to provide asset-based, cash flow and structured finance loans for many prominent retailers across the United States. Tobin was previously the national director of Sales and Underwriting for Wells Fargo Retail Finance and has also held various positions with Bank of America Retail Finance.

Tobin received his B.S. from the University of New Hampshire and is a member of the American Bankruptcy Institute, Commercial Finance Association and the Turnaround Management Association.

Barry A. Kastner joins Salus as Senior Managing Director, Business and Corporate Development, and as Southeast Regional Manager, responsible for originations and corporate development across the region. Barry is a seasoned professional with more than 35 years of experience in commercial banking and asset-based lending. His experience includes field examination, portfolio management, as well as business and corporate development. Prior to joining Salus, Kastner was executive vice president for Keltic Financial Services, responsible for corporate growth strategies and strategic planning. Previously Kastner served as executive vice president of TD Bank, N.A. where he was head of TD Bank's Asset Finance Group. Prior to that, Kastner held senior management positions at Wachovia Capital Finance and its predecessor, Congress Financial Corp, where he served as chief operating officer.

Kastner is a director of the Commercial Finance Association, and past president of its New York chapter. He is a graduate of Hofstra University and holds three securities licenses.

“The hiring of these seasoned industry leaders, who are capable of adding so much to our organization, is truly one of our greatest accomplishments to-date. Their proven success will empower them both to contribute across our organization and in so doing, will undoubtedly elevate the capabilities of Salus Capital to new and meaningful heights in serving our borrowers, shareholders and future prospects,” said Andrew H. Moser, president of Salus Capital Partners, LLC.