Ken Laudano Appointed SVP – Head of Lender Finance
WebBank is excited to share significant news regarding its leadership as Ken Laudano steps into the role of Senior Vice President – Head of Lender Finance. With a focus on expanding the Bank's asset-backed lending business, Mr. Laudano will lead efforts to provide crucial debt capital to specialty finance originators and fund managers.
Expanding the Bank’s Asset-Backed Lending
Under Ken's stewardship, the Lender Finance team will target growth in providing debt capital not only to specialty finance originators but also to fund managers involved in middle market corporate loans. The objective is to specialize in standard asset-backed warehouse facilities and back-leverage facilities while also offering administrative agent services for larger syndicated loans. Ken’s vision includes extending the Bank's reach beyond traditional consumer and small business asset classes, venturing into innovative, niche specialty finance areas where his extensive industry knowledge can create significant impact.
Ken Laudano’s Extensive Experience
Bringing over twenty years of experience in the asset finance sector, Mr. Laudano holds a wealth of expertise in transaction structuring, cash flow modeling, and portfolio management. Prior to his current engagement with WebBank, he served as Senior Vice President and Deputy Chief Credit Officer in Structured Finance and Private Equity at East West Bank. His professional journey also encompasses pivotal positions at recognized institutions such as Moody’s Investors Service and Credit Suisse, making him highly qualified for this new role.
Education and Professional Credentials
Mr. Laudano is well-educated, boasting an M.S. in Statistics and Financial Engineering from New York University, in addition to a B.A. in Economics from the University of Connecticut. He is a Chartered Alternative Investment Analyst (CAIA) and also a Financial Data Professional (FDP), further underscoring his competence in finance and investment methodology.
A Trust in Leadership
Speaking about Mr. Laudano’s appointment, Jason Lloyd, President & CEO of WebBank stated, "Ken's appointment comes at a pivotal time as we expand our Lender Finance operations. His extensive experience and strategic vision will be instrumental in enhancing our asset-backed lending capabilities and driving our growth initiatives forward." This perspective highlights the confidence placed in Ken's ability to lead WebBank into its future growth phases.
About WebBank
WebBank, established in 1997, holds a Utah charter as an Industrial Bank and is based in Salt Lake City. The Bank has been a cornerstone in the lending industry, having originated and funded over $218 billion in consumer and commercial credit products. Known as "The Bank Behind the Brand", WebBank operates as a national issuer of credit products through a variety of strategic partner platforms including retailers and financial technology firms. As a leader in digital lending and embedded finance, WebBank continues to innovate in providing financial products that cater to both consumer and commercial needs, including revolving credit and auto refinancing. With a dedicated focus on specialty finance assets, WebBank is transforming the landscape of banking through its diverse offerings.
Frequently Asked Questions
What is Ken Laudano's new role at WebBank?
Ken Laudano has been named Senior Vice President – Head of Lender Finance, focusing on asset-backed lending.
What experience does Ken bring to WebBank?
Ken has over two decades of experience in asset finance, including leadership roles at notable financial institutions.
What are the goals of the Lender Finance team?
The team aims to expand debt capital offerings to specialty finance originators and corporate loan fund managers.
Where did Ken Laudano earn his degrees?
Ken holds an M.S. from New York University and a B.A. from the University of Connecticut.
What is WebBank's mission?
WebBank focuses on providing innovative financial solutions through strategic partnerships while targeting specialty finance opportunities.
