Executive Change: Mary Ellen Nixon-Moore to Platinum Funding

Platinum Funding Group, a leading factoring company, today announced the appointment of Mary Ellen Nixon-Moore, 54, as vice president of underwriting. In her role, Ms. Nixon-Moore will be in charge of reviewing and underwriting new clients, handling due diligence matters, deal structuring and providing funding to clients. She will be based in the company’s headquarters in New York.

Ms. Nixon-Moore has a wide breadth of experience in the credit and factoring industry, serving clients in need of working capital. Previously, she served as a portfolio manager at Banco Popular in New York. Prior to that, she spent 13 years as a vice president at LaSalle Business Credit, Inc., where she was in charge of new business development and portfolio management. Before then, she headed the factoring division of Commercial Credit Financial Services, Inc.

"I am very excited about the opportunity to work with a seasoned professional like Mary Ellen," said James Bertie, chief operating officer of Platinum Funding Group. "She brings years of experience to the underwriting process and the funding of small and large factoring transactions. Mary Ellen’s addition to our team will be a key element in the future growth and success of Platinum, as the company expands its portfolio of international transactions and opens new offices across the U.S."

In addition, Ms. Nixon-Moore has a strong background in the apparel industry, as well as other industries that traditionally utilize factoring, from her years in the credit unit of Barclays American Commercial. Ms. Nixon-Moore graduated from North Carolina State University with a Bachelor of Arts in History.

"Platinum Funding Group offers a strong and expanding platform that is an excellent match for my expertise," said Ms. Nixon-Moore. "I look forward to working with my new colleagues and contributing to the success of the company."

Platinum Funding Group, a leading factoring company, provides clients with accounts receivable funding, letters of credit, bridge funding, and accounts receivable management.