Capital Business Credit names Grbic president/CEO, Fortino COO
January 12, 2017
By: Powell Slaughter
Capital Business Credit, a supply chain finance company specializing in factoring, asset-based loans and trade finance solutions, has promoted Robert Grbic to president and CEO and Michael Fortino to chief operating officer.
The announcement comes shortly after CBC’s acquisition by White Oak Global Advisors LLC, a global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises.
Grbic, who previously served CBC’s chief credit officer and chief operations officer, succeeds interim CEO Andrew Tananbaum. Grbic has more than 35 years of commercial lending experience, and has been with CBC since 2005. In his previous roles, he oversaw the company’s operations, expanding its client portfolio and managed credit decisions to maintain CBC’s position in providing financing facilities to small- and medium-sized businesses across the United States.
Prior to joining CBC, Grbic was managing director at turnaround specialist Morris Anderson & Associates LTD. He also co-founded MetSource Capital LLC, a restructuring and corporate finance firm specializing in working with small- and medium-sized companies. In addition, he served as an executive vice President at GMAC Commercial Credit LLC and BNY Financial Corp.
Grbic is a member of the New York Society of Financial Analysts and the Association for Investment Management and Research. He has served as an instructor for the Finance, Tax and Law Department at the NYU School of Continuing Education. He holds master’s and bachelor’s degrees in Business Administration from Pace University.
Fortino, in addition to his new role as COO, will continue to serve as the CBC’s chief financial officer, a position he has held since 2011. Previously, Fortino served as CBC’s general manager, overseeing the finance and IT departments, and has been with the company since 2006.
Before joining CBC, Fortino was CFO at Levenger Co., a multi-channel retailer of high-end writing instruments and organizational products. He holds master’s and bachelor’s degrees in Business Administration from Temple University.
Established in 1988, Capital Business, a White Oak Global Advisors company, provides global financial products and services to the middle market. CBC’s solutions include full-service factoring, accounts receivable management services, inventory lending, asset-based lending and international financing. CBC Trade Finance, a division of CBC, provides trade finance solutions for U.S.-based importers working with Asia-based suppliers. Capital Business Credit is based in New York, with offices in Hong Kong; Shanghai, Los Angeles; Charlotte, N.C.; and Ft. Lauderdale, Fla.