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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Singapore’s MPA Discuss LNG Bunkering

The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG)

Key to Somalia's Recovery

Piracy, terrorism and criminal activities originating in Somalia can only be addressed by creating a climate of security, engagement and empowerment that will encourage home grown businesses,

Long Beach Port Honors OOCL Executive

Andrew Tung, CEO and Managing Director of Orient Overseas Container Line, was presented today with the prestigious “Port Pilot Award” by the Long Beach Board of Harbor Commissioners.

Finance

Nordic American Offshore Declares Dividend

Nordic American Offshore Ltd. today announced that its board of directors has declared a dividend of $0.45 per common share for the third quarter 2014. This is the same as for the second quarter 2014.

Bollore Africa Logistics Sees Profit Plunge in H1

First half 2014 profit at shipping company Bollore Africa Logistics plunged to 5.89 billion CFA francs ($11.48 million) from 9.45 billion CFA francs in the same period last year,

Maduro Says Venezuela's 2015 Budget to Put Oil at $60

Venezuela's 2015 budget will be based on a target oil price of $60 dollars per barrel, President Nicolas Maduro said on Friday night, but he repeated expectations that prices will recover.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1403 sec (7 req/sec)