Capital Business Credit Appoints Grbic COO, Fortino CFO
April 20, 2011
Capital Business Credit (CBC) announced the appointment of Robert Grbic as chief operating officer and Michael Fortino as chief financial officer. Grbic will continue to serve as CBC’s chief credit officer.
This announcement comes on the heels of the addition of Marc Adelson as the company’s president and chief executive officer and the appointment of Andrew Tananbaum to executive chairman. The new management team will work together to expand CBC’s offerings, with an initial focus on growing its three core businesses — factoring, asset-based lending and trade finance.
“In their new roles, Bob and Mike will better position CBC to execute against its business strategy to provide commercial finance products and services to middle market companies,” said Adelson.
Grbic has more than 30 years of commercial lending experience, and has been with CBC since 2005. During his tenure as CBC’s chief credit officer, he was involved in creating a hands-on, best-practices credit culture, as well as helping the company expand its client portfolio. Prior to CBC, Grbic was managing director at Morris Anderson & Associates. He also co-founded MetSource Capital, a restructuring and corporate finance firm specializing in working with small- and medium-sized companies. In addition, he served as an executive vice resident at GMAC Commercial Credit and BNY Financial. He began his career at Bankers Trust.
Fortino has served as general manager of CBC since 2006. In his new role as the company’s chief financial officer, he will be responsible for overseeing the company’s finance and IT departments. Prior to CBC, Fortino was chief financial officer at Levenger, a multi-channel retailer of high-end writing instruments and organizational products.
Established in 1988, Capital Business Credit is a global integrated financial products and services company specializing in providing creative supply chain financing solutions.