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

People & Company News

Baltic Mercur II makes maiden voyage to Antwerp

This week Atlantic Ro-Ro Carriers (ARRC) celebrates the maiden voyage of the Baltic Mercur II via the port of Antwerp as part of their regular transatlantic service to the US Gulf.

USCG Provides Safety Tips to Paddlesports Enthusiasts

As the boating season unofficially begins, the 9th Coast Guard District is reminding paddlesport enthusiasts to take precautions to ensure safe trips and increase

USS George Washington Completes Carrier Qualifications

Carrier Air Wing (CVW) 5 and the Nimitz-class aircraft carrier USS George Washington (CVN 73) completed its carrier qualifications (CQ), May 23. CQ allows

Finance

Vinalines Plans Ports Divestment

The Vietnam National Shipping Lines (Vinalines) and the Ministry of Transport (MOT) hope the plan to reduce the state’s ownership ratio in the big shipping firm

Dubai Establishes Maritime Arbitration Centre

The Dubai Maritime City Authority (DMCA) is in the final stages of completing the rules for the first maritime arbitration centre in the Middles East: the Emirates

Gener8 Maritime to Go Public

Private equity-backed tanker operator Gener8 Maritime filed with the U.S. Securities and Exchange Commission (SEC) to proceed with an initial public offering worth up to $100m.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Simulators 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: 0.1510 sec (7 req/sec)