CHEVY CHASE, Md., Jan. 10 /PRNewswire-FirstCall/ -- CapitalSource Inc. , one of the leading commercial finance firms in the United States, announced today that Dean Graham is its new President and Chief Operating Officer (COO). Graham also will serve on CapitalSource's Credit Committee. Jason Fish, co-founder of CapitalSource who had been its President, has been named Vice Chairman and Chief Investment Officer.
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CapitalSource also named Keith Reuben and James Pieczynski as Co- Presidents of its Healthcare and Specialty Finance Business.
"The COO is a new position in our company, and Dean will play a pivotal role in positioning CapitalSource to be more effective, efficient and competitive," said John Delaney, Chief Executive Officer of CapitalSource. "His proven success in attracting talented professionals and building and managing profitable, customer-focused businesses will be invaluable in developing and executing our business strategy."
Graham has been a senior executive with CapitalSource since 2001, most recently serving as the President of the Healthcare and Specialty Finance Business. Previously, he was a Senior Vice President of the Portfolio Development Group at Heller Healthcare Finance.
Fish will continue to focus on the company's broad corporate strategy as well as investment, risk and credit policies. He will also devote more time leveraging and applying his deep real estate expertise to advance CapitalSource's REIT strategy.
Both Reuben and Pieczynski were promoted from managing director positions to head the company's Healthcare and Specialty Finance team, which delivers innovative, flexible and timely financing solutions to a broad range of middle market companies including healthcare, security and other general businesses. These executive appointments will ensure that the company maintains its competitive edge in delivering fast, creative financing solutions with optimal efficiency and certainty of execution.
About CapitalSource
CapitalSource is a specialized commercial finance company offering asset- based, senior, cash flow and mezzanine financing to small and mid-sized borrowers through three focused lending businesses: Corporate Finance, Healthcare and Specialty Finance, and Structured Finance. By offering a broad array of financial products, we had outstanding more than $8.3 billion in loan commitments as of September 30, 2005. Headquartered in Chevy Chase, MD, we have a national network of offices across the country. As of September 30, 2005, we had 473 employees. CapitalSource intends to elect REIT tax status beginning with its 2006 tax year. Middle market lending involves a certain degree of credit risk which we believe will result in credit losses in our portfolio. For more information, visit http://www.capitalsource.com/ or call toll free at (866) 876-8723.
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