Former Wells Fargo Senior Managing Director Jim Marasco Joins Gibraltar’s Board of Directors

Gibraltar Business Capital is proud to announce that Jim Marasco, a widely respected senior executive leader with an extensive tenure at Wells Fargo Capital Finance, has been appointed to its Board of Directors.

Jim has deep expertise in all aspects of secured and asset-based lending, leveraged finance, transaction sourcing and portfolio management. Beyond his primary role in sales management, he has an extensive background leading underwriting, loan syndications, and bank products teams. Jim has considerable experience working with distressed, turnaround and special situation credits across a broad spectrum of industries.

Throughout his career, Jim and his team closed well over 2,000 transactions and provided more than $50 billion of credit commitments to the market. Jim's Wells Fargo Capital Finance career began in 1989 at the predecessor Foothill Capital Corporation in an originations capacity where he played a major role in its growth through developing innovative product solutions and expanding its geographic footprint.

"Gibraltar's entrepreneurial leadership approach designed to serve its partners with fast, flexible and creative lending solutions aligns with how I built my career for more than three decades - focused on providing greater access to capital," Marasco said. "I look forward to strategically supporting Gibraltar's mission to serve lower middle market companies in transition and helping the leadership team solve challenges and fuel growth."

As a leader at Wells Fargo Capital Finance as a Senior Managing Director, Jim was a critical member of its senior credit committee for its ABL and specialty businesses (Technology, Retail, Lender and Healthcare Finance and international new business). He served on the company's administrative, management, and operating committees - providing him deep insight into all aspects of the business, including its P&L, regulatory compliance and in all facets of the firm's operations.

"Jim's strong credit acumen, enviable track record of relationship development and loan originations for middle market private, public and sponsor-backed companies makes him an invaluable asset to Gibraltar's leadership team and our partners," said Gibraltar's CEO Scott Winicour. "Jim's impressive tenure was also spent attracting, developing, and deploying high-performing talent - people leadership expertise that will also serve our team well."

Jim is highly valued for his financial and strategic planning expertise as well as exceptional reputational integrity and robust network of professional connections. He has spoken at many conferences and symposiums on the topics of ABL, leveraged finance and capital markets.

Jim graduated from Michigan State University/Eli Broad College of Business and earned a B.A. degree in accounting. He is an active member of the Forum for Corporate Directors and has served on the Board of Trustees for the Children's Bureau of Los Angeles.