TORONTO, Dec. 1, 2014 /CNW/ - Bridging Finance Inc. ("Bridging Finance") is pleased to announce that M. Bobby Anand has joined Bridging Finance as Senior Managing Director. In this new role, Bobby will lead the growth of the private debt portfolio and will be reporting to David Sharpe, President and COO.
"Bobby brings extensive experience to Bridging Finance and will play a valuable role as we continue to grow," David Sharpe said. "We're pleased that he has joined us and look forward to his leadership, underwriting dexterity and extensive network."
Previously, Bobby was a senior banker at Bank of America in London, UK. Prior to that, he held progressively senior positions at Wells Fargo Bank (formerly Wachovia) in Toronto. Bobby has approximately 20 years of experience in financing Canadian, US and European mid-market companies and brings a versatile range of skills that span new business development, underwriting and portfolio management. Bobby holds CPA, CA and CFA designations, as well as a Bachelors of Commerce from University of Toronto (Victoria College).
"I am very pleased to join the Bridging Finance team and will focus on secured financing solutions for mid-market companies from $3 million to $15 million," Bobby said.
About Bridging Finance Inc.
Bridging Finance is a privately held Canadian company providing middle-market Canadian companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts. Bridging Finance is the Sub-Advisor to the Sprott Bridging Income Fund LP. The Fund targets a net minimum yield of 6.5% per annum by investing in factoring/private debt loans that have a low correlation to traditional asset classes. This is an asset class that traditionally has been difficult for individual investors to access. Bridging Finance also offers portfolio management services for institutional clients.
Image with caption: "Bridging Finance Inc. (CNW Group/Bridging Finance Inc.)". Image available at: http://photos.newswire.ca/images/download/20141201_C6020_PHOTO_EN_8685.jpg
SOURCE: Bridging Finance Inc.
For further information: For financing please contact: M. Bobby Anand, CA, CPA, CFA, Senior Managing Director, Bridging Finance Inc., T: (416) 546-7340 | C: (416) 899-0040, [email protected]; Advisors please contact: David Sharpe, LLB, LLM, MBA, President & COO, Bridging Finance Inc., T: (416) 642-7572 | C: (647) 981-5658, [email protected]; Bridging Finance Inc., 77 King Street W | Suite 2925 | Toronto, ON | M5K 1K57, www.bridgingfinance.ca