Press Release April 1, 2014
New York “ CAN Capital, the market share leader in alternative small business finance, announced today the appointment of Kenneth Gang as Chief Risk Officer. In this new role, Gang will be responsible for overseeing credit and operational risk for CAN Capital. He will be based in Atlanta, Georgia and will report to Daniel DeMeo, Chief Executive Officer at CAN Capital.
We’re delighted Ken is joining our team with more than 20 years of credit and risk management experience, said Daniel DeMeo, Chief Executive Officer. Ken possesses both an entrepreneurial background and a deep understanding of credit risk assessment. His expertise in credit policy, digital automation, and new market expansion will play an integral role as we execute CAN Capital’s future growth plans.
Gang joins CAN Capital from Global Lending Services, an automotive lender, where as one of the founding executives, he served as Chief Risk Officer overseeing credit, operations, decision sciences and analytics. As CRO, Gang assisted in significant growth strategies and launched several analytics driven, growth initiatives. Prior to that, Gang led the risk and consumer credit department at Hyundai Capital America. Earlier in his career, he led Wells Fargo’s Auto Finance division, and held risk and analytics positions at HSBC North America and other banks. He has a track record in strengthening teams while driving significant growth and decision automation.
I am excited to join such a successful and well-established company within this dynamic industry, said Gang. CAN Capital remains poised for both traditional and new digital growth and expansion, and I’m looking forward to working with the leadership team on continuing market and product expansion, as well as efforts to develop new and innovative ways to manage credit risk and facilitate access to funding for small business owners.
Gang holds a B.S. in Marketing Management and Research and an M.B.A. in Finance and Accounting, both from the University of Illinois at Chicago.
CAN Capital, established in 1998, is the pioneer and market share leader in alternative small business finance, having provided access to nearly $4 billion in capital for tens of thousands of small businesses in a wide range of locations and different business types.
As a technology-powered financial services provider, CAN Capital uses innovative and proprietary risk models combined with daily performance data to evaluate business performance and facilitate access to capital for entrepreneurs in a fast and efficient way. Its business evaluation model allows it to help small businesses qualify for more money than they could obtain elsewhere.
CAN Capital makes capital available to businesses through its subsidiaries: Merchant Cash Advances by CAN Capital Merchant Services, Inc., and business loans through CAN Capital Asset Servicing, Inc. (CCAS). All business loans obtained through CCAS are made by WebBank, a Utah-chartered Industrial Bank, member FDIC.
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