Joe Pitch Joins Marine-Finance.Com

Monday, August 24, 2009

Marine-Finance.Com announced that Joe Pitch has signed on as Managing Director for Marine-Finance.Com LLC. Pitch joins former CitiCapital Commercial Marine Finance colleague Robert Girard, SVP, who, along with CEO Richard Paine, constituted the core of the CitiBank- affiliated marine group.

Pitch is a 30-year veteran of the equipment leasing/finance industry he has financed more than $1b in equipment. Based in Dallas, Texas, Pitch is a graduate of Seton Hall University with a Bachelor of Business Administration with a concentration in Finance. He is a past member of the American Waterway Operators (AWO), the Offshore Marine Services Association (OMSA) and an affiliate member of the Passenger Vessel Association (PVA).

Pitch began his career with as a finance representative for Allis Chalmers Credit, a captive finance group. He quickly expanded into non-captive markets with Citicorp Industrial Credit where he was responsible for direct originations in construction, energy services and the general equipment marketplaces. Joining Manufacturers Hanover Leasing Corporation (later folded into The CIT Group) in 1984 as senior representative for corporate accounts in North Texas and Oklahoma, Pitch was promoted to Vice President and Branch Manager in 1987. In 1996, Pitch was again promoted to VP/Western Area Sales Manager with responsibility for 11 direct sales people in key markets such as Dallas, Chicago, Minneapolis, San Francisco and LA. In May of 1997, Pitch was recruited by The Associates Commercial Corporation to start a national capital markets/middle market direct equipment finance/leasing operation. This group became the Associates Commercial Marine Group, and with the acquisition of Associates by Citigroup, the business was renamed CitiCapital Commercial Marine Group (CMG). CMG grew organically through new originations and via portfolio acquisition into a $250m asset company generating over $100m annually in commercial marine volume. CMG specialized in the Inland marine, offshore supply and crew, harbor tug, excursion and the dinner cruise markets offering construction and permanent financing to end users. The marine group and its portfolio were acquired late in 2006 by GE Capital and Pitch, with certain members of the marine team, accepted new positions at GE. In February of 2007 Pitch was named Vice President and Regional Sales Manager for North Texas maintaining involvement in GE Capital’s marine business. Pitch continued funding of committed transactions and originating new marine business in Texas and Louisiana in addition to other responsibilities in the general equipment markets.

(www.Marine-Finance.Com)

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Missing Person Rescued Near Brackettville

On July 31, Border Patrol Search Trauma and Rescue (BORSTAR) agents and CBP Office of Air and Marine rescued a man who was reported missing the previous morning.

Ross is Fleet Manager, Heidmar

Heidmar announced the promotion of Duncan Ross to Fleet Manager. Duncan joined Heidmar’s London office in 2012 as vessel manager.  Prior to joining Heidmar,

Fire Aboard USS Mount Whitney

A fire broke out on board USS Mount Whitney (LCC 20) while the ship was in Viktor Lenac Shipyard (Rijeka, Croatia) July 31, 2015. There were no personnel injuries in the fire,

Finance

Mingde Heavy is Bankrupt

Nantong’s Tongzhou District People’s Court has put an end to the restructuring appeal by debt-ridden Nantong Mingde Heavy Industry, and officially declared it bankrupt.

Nantong Tongbao Bags Order for 8 Chemical Tankers

Nantong Tongbao Shipbuilding has signed shipbuilding agreements with joint buyers, Shanghai Dingheng Shipping and Xiamen Xiangyu Group, for the construction of

Ross is Fleet Manager, Heidmar

Heidmar announced the promotion of Duncan Ross to Fleet Manager. Duncan joined Heidmar’s London office in 2012 as vessel manager.  Prior to joining Heidmar,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2559 sec (4 req/sec)