Synovus Launches New Specialty Finance Division and Structured Finance Team
Synovus Financial Corp. (SNV)
Last synovus financial corp. earnings: 4/24 06:30 am
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Source: Business Wire
COLUMBUS, Ga.--(BUSINESS WIRE)--Synovus Bank announced the launch of a new Specialty Finance Division, focused on providing debt capital financing and commercial banking solutions to fund companies operating in niche asset classes. The division includes the addition of a structured finance team and builds on the expertise of Global One Financial, the insurance premium finance lender acquired by Synovus in October of 2016. The division will be led by Jonathan Rosen, who founded Global One in 2003 and continues to manage it as chief executive officer of the Specialty Finance Division at Synovus. Since its acquisition by Synovus, Global One has grown its loan balances from $350 million to more than $900 million, while maintaining its long history of outstanding credit, with no credit losses.“This new specialty finance team focused on structured lending is a great addition for Synovus at the current stage of the economic cycle,” said Kevin Blair, chief operating officer of Synovus. “T
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