SWIFT CAPITAL EXPANDS EXECUTIVE TEAM TO SUPPORT EXCEPTIONAL GROWTH
Swift Capital, a leading provider of working capital for small businesses, announced that Adam Block has just joined the Company as head of finance. Block is the latest of three prominent executive team hires including Doug Bland, president and chief operating officer and Jay Lee, chief marketing officer. Combined, these new members of Swift’s senior team add over 70 years of finance and lending experience from the industry’s top institutions.
These hires expand Swift Capital’s executive team in support of the Company’s 109% three year revenue CAGR and are part of a 40% increase in employment at Swift in the past year. Last August, Swift Capital ranked number 64 on Inc. magazine’s prestigious Inc. 5000. Swift Capital was also named its region’s fifth fastest growing company by the Philadelphia 100. The second consecutive year Swift Capital has been included on this list.
“These latest additions to the Swift Capital leadership team are proven operators who know from experience that our approach is right for today’s small business finance market,” said Ed Harycki, chief executive officer at Swift Capital. “There is no doubt that our growth record to date is exciting, but attracting this caliber of industry all-stars is a true testament to what we are doing and will drive us to even bigger things in the future.”
Doug Bland joins Swift Capital with over 20 years of small business lending experience. Prior to joining the Swift Capital team, he was employed at Bank of America, where he had direct P&L responsibility of the entire small business lending suite of products, and served as the small business credit and operational executive. His areas of expertise include product strategy, credit risk management, and operations.
Through his experience, Doug understands how to develop and execute business strategies and operational processes that drive predictable and profitable lending businesses. Following the 2008 financial crisis, Mr. Bland is credited for driving considerable change and restructuring throughout Bank of America’s entire small business lending portfolio.
“American small businesses need quick and easy access to working capital from reliable sources and they are increasingly looking to online alternative lenders to fill that role,” said Bland. “Based on decades of experience and market knowledge from the Nation’s largest banking and credit card institutions, the Swift Capital team has created a differentiated approach to alternative lending that is transforming the way small businesses think about their funding partner. This is where small business finance innovation is happening and I am delighted to be part of the team.”
Jay Lee joins the Swift Capital team with over 20 years of experience focused on marketing and technology at lending, payments, and loyalty companies. Most recently, he was the chief strategy and commercial officer at Aimia US, a global loyalty management company, where he helped Fortune 500 companies build end-to-end customer programs and solutions to achieve deeper relationships.
Prior to Aimia US, Jay led strategic partnerships and business development for American Express’s OPEN Small Business Division. Jay has also managed marketing and product development at GE Capital and FleetBoston Financial in the small business and consumer lending space.
Adam Block brings 25 years of finance, strategic planning and analytics experience to Swift Capital. He has a proven track record of leveraging financial information to drive business performance. Before joining Swift, Adam managed all stimulation and retention activities for Bank of America’s $76B home equity portfolio. Prior to that, he worked in the consumer card division, where he managed all marketing investments for both new and existing accounts. Adam previous experience also includes chief financial officer of MBNA’s $3 billion business lending division, where he led all financial activities, and provided strategic guidance in shaping the future of the business.