The Hedaya Capital Group announced that industry veteran Louis G. Barone has joined the Company as Senior Advisor to The Hedaya Capital Group. In this role, he is responsible for leading and executing new business development strategies and growth initiatives, as well as identifying and capitalizing on new markets. He also leverages a vast network of referral relationships to acquire and develop new client relationships. In structuring financing solutions uniquely suited to each client’s business and situational needs, Barone draws on over three decades of global banking, factoring, commercial finance and risk management experience. He is based in The Hedaya Capital Group’s New York City headquarters.

“We are excited to welcome such a seasoned industry veteran to the Hedaya Capital team,“ said Alfred Hedaya, President. “He brings extensive experience, a deep referral network, and a proven track record of growing factoring, commercial lending, and banking businesses and leading high-performing business development efforts. We look forward to his contributions.”

Prior to joining The Hedaya Capital Group, Barone held executive roles at BHI USA, the U.S. Branch of Bank Hapoalim, where he served as Senior Vice President, Head of Domestic Commercial & Industrial Lending; the CIT Group Commercial Services, where he served as Managing Director, Head of New Business Development; and at Israel Discount Bank, where he served as Senior Vice President and Head of IDB Factors.

“I have known The Hedaya Capital Group principals for decades and have always admired their old-world values of high-touch customer service,” said Barone. “Since their inception they have played a critical role in helping small and middle market companies experiencing high growth or transitional situations, which dovetails with my own career. I look forward to using my experience to help their clients maximize growth, as well as assist them in their own growth journey.”