Siena Lending Group, through its newly formed subsidiary, Siena Lending Group Canada, announced the addition of Duane Morrison, who will be responsible for leading the company’s expansion into Canada. Based in Toronto, Morrison will maintain Siena’s core business of providing creative asset-based lending (ABL) solutions from CAD 7.5 million to CAD 50 million that will deliver maximum flexibility and liquidity for middle-market companies.

Morrison brings over 25 years of middle-market and ABL experience in Canada to his new role as Director, New Business Originations. Prior to joining the Siena team, he was Vice President, Deal Originations for Cortland Credit Group. Morrison has also held various leadership roles at FrontWell Capital, Roynat Capital and Business Development Bank of Canada.

Morrison holds two graduate degrees including a Master of Applied Environmental Studies in Economic Development from the University of Waterloo and a Master of Business Administration from Wilfrid Laurier University.

Commenting on his new role, Morrison said: “I’m excited at the opportunity to lead Siena’s Canadian expansion. Siena is known throughout the industry as a premier provider of asset-based lending solutions, and I look forward to bringing the team’s expertise and ingenuity to middle-market companies in Canada.”

“We are very excited for Duane to be joining the Siena team,” said Scott Elliotto, Senior Managing Director of New Business Originations. “His experience and dedication to serving the Canadian middle market is exactly what we are looking for as we embark on this new endeavor.”