Synovus launches new specialty finance division and new structured finance team


COLOMB, Georgia – (COMMERCIAL THREAD) – Synovus Bank announced the launch of a new specialty finance division focused on providing debt finance and commercial banking solutions to finance companies operating in niche asset classes. The division includes the addition of a structured finance team and draws on the expertise of Global One Financial, the insurance premium finance lender acquired by Synovus in October 2016. The division will be led by Jonathan Rosen, who founded Global One in 2003 and continues to lead it as Managing Director of the Specialty Finance division of Synovus. Since its acquisition by Synovus, Global One has increased its loan balances from $ 350 million to over $ 900 million, while maintaining its long ongoing credit history with no credit losses.

“This new specialized finance team focused on structured loans is a great addition for Synovus at this stage of the business cycle,” said Kevin Blair, COO of Synovus. “The new team allows us to grow prudently by lending to companies with high quality underlying assets, while mitigating risk through financial structures and adding value to transactions. It also leverages the industry relationships, structured lending capabilities and culture of innovation developed by Jonathan and the Global One team, which have been a significant source of growth and improved profitability for us. ”

Synovus’ Structured Loans team offers senior secured loans targeting businesses that require a consultative approach to the structure of transactions in unique asset classes or situations.

A group of industry veterans have joined the firm to lead this new effort:

  • Sal Carvo, Managing Director. Most recently with Fitch Ratings and MUFG Americas, Carvo has extensive experience in structuring and oversight, including previous service at MBIA, XL Capital Assurance and S&P.

  • Jayan Krishnan, Managing Director. Krishnan was previously Group Head of Asset Securitization at DZ Bank AG, which he joined in 2008. His previous experience in structured lending includes roles at Merrill Lynch and Citigroup.

  • Roman Mazo, Managing Director. Mazo was previously senior vice president of strategic credit products at Sumitomo Mitsui Banking Corporation. He also played key roles in structured finance at Dresdner Kleinwort and GE Capital Markets.

  • Mehul Patel, director. Patel was previously Vice President of Asset Securitization at DZ Bank AG, which he joined in 2007. His previous experience included responsibilities at Crédit Agricole in debt capital markets and S&P in the area of ​​credit ratings. structured finance.

Carvo and Mazo are based in the Specialty Finance offices in Atlanta and Krishnan and Patel are based in the New York office.

“I’ve known this team of professionals for years and they are some of the most talented people in structured finance,” said Rosen. “We are well positioned to create a meaningful positive impact for clients in good times and bad, while mitigating risk through a focus on assets, value-added intellectual capital and specialized structuring capabilities. ”

The Specialty Finance division is a business unit of the newly defined wholesale banking business line for Synovus and represents an additional investment to ensure continued organic growth while improving overall returns.

Synovus Bank, a Georgia chartered and FDIC insured bank, provides commercial and retail banking, investment and mortgage services with its affiliates through 297 branches in Georgia, Alabama, South Carolina, Florida and in Tennessee. Banque Synovus has been recognized as one of the “most reputable banks” in the country by american banker and the Institute of Reputation. Banque Synovus is online at synovus.com, and on Twitter, Facebook, LinkedIn, and Instagram. Equal housing lender.

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