BMO Capital Markets names Michael Scolaro managing director, head of U.S. asset-based lending group

By Devika Patel

Knoxville, Tenn., Nov. 15 - BMO Capital Markets announced it has appointed Michael Scolaro as managing director and head of the firm's U.S. asset-based lending group.

Scolaro is based in Chicago and will lead a 22-person team that focuses primarily on advising clients who want to take advantage of asset-based lending as a flexible form of finance.

"With more than 26 years of banking experience and 20 years focused on asset based lending, Mike will be a tremendous asset to both our team and to our clients," BMO's executive managing director, head of loan products and merchant banking and co-head of leveraged finance Surjit Rajpal said in a press release.

"During the past decade, the number of businesses turning to asset-based lending has dramatically increased. BMO Capital Markets is focused on providing a full service for this form of finance to middle market and large corporate companies, which puts us in a strong position for future growth."

Scolaro was senior vice president and regional manager of RBS Business Capital in Chicago. He has also held management positions at Bank of America Business Capital, Heller Business Credit and CIT Business Credit.

Scolaro has an MBA from the J.L. Kellogg Graduate School of Management at Northwestern University and a BBA in finance from University of Notre Dame.

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