US-based commercial lender Union Bank has appointed Richard Rizzo, Jr., as the senior vice president and regional director of mid-corporate banking for the Northeast region.
Based in the bank’s New York corporate office, Rizzo will spearhead expansion of the bank’s corporate banking services into markets including New York, Boston, Philadelphia and Washington, DC.
The bank has assigned him to focus on companies based from Maine to the Carolinas with revenues ranging from $500m to $2bn.
Union Bank senior vice president and national corporate banking head Chris Freeman said Rich’s experience in corporate banking and building a team of experienced bankers and deepening client relationships, is key to the bank’s success in the market.
Rizzo has held various leadership positions in a number of firms, including Wells Fargo, Citigroup, and Bank of America.
Union Bank, a subsidiary of UnionBanCal, operates 402 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on 30 September 2012.
The lender provides numerous services to meet corporate growth and expansion initiatives, including senior credit facilities, debt and equity capital markets, foreign exchange and interest rate hedging, global treasury management, and trade services.