Chicago, Ill, May 9, 2019 – BMO Harris Bank announced today that it has hired Michael Ganann as Managing Director, Retail Originations, Asset-Based Lending. In this role, he will lead the coverage efforts in calling nationwide on BMO clients and prospects in the retail industry.
“Our Asset-Based Lending team has been experiencing exceptionally strong growth, and we see retail finance as an opportunity for even further growth,” said Mike Scolaro, Head, Asset-Based Lending, BMO Harris Bank. “Mike Ganann is very well known in the retail finance sector, and he will bring tremendous experience and industry knowledge to our customers, and to our collective team.”
Ganann, who earned a BBA in Finance from Baylor University and an MBA from Boston College, has over 20 years of experience, including 15 years in the Retail Finance ABL industry, and several years as a Technology Finance cash flow lender. Ganann joins BMO after more than seven years in a leadership role with Citizens Bank’s Retail Finance Group, where he helped grow the client base significantly. His prior experience includes roles with Wells Fargo Capital Finance and Bank of America Retail Finance, and he began his career in retail asset disposition and inventory appraisal work in the Boston area.
About the BMO ABL Team
BMO is one of the largest providers of asset-based lending in the industry. With over 65 experienced ABL professionals located throughout the United States and Canada, we partner with advisors, financial sponsors and companies, helping them to originate, structure and syndicate ABL transactions.
About BMO Harris Bank
BMO Harris Bank provides a broad range of personal banking products and solutions through nearly 600 branches and fee-free access to over 40,000 ATMs across the United States. BMO Harris Bank’s commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the United States. For more information about BMO Harris Bank, visit the company fact sheet. Accounts are subject to approval. BMO Harris Bank N.A. Member FDIC. BMO Harris Bank is part of BMO Financial Group, a highly diversified financial services provider with total assets of CDN$807 billion (as of January 31, 2019), and more than 45,000 employees.