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Company News

April 21, 2011

The Secured Lender

TSL Express Newsletter

Capital Business Credit LLC (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.

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 joining CBC, Grbic was managing director at Morris Anderson & Associates LTD, a turnaround consulting firm. 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 resident at GMAC Commercial.

Grbic has Bachelor’s and Master’s degrees in business administration from Pace University. 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 joining CBC, Fortino was chief financial officer at Levenger Co., a multi-channel retailer of high-end writing instruments and organizational products. He holds Bachelor’s and Master’s degrees in business administration from Temple University.