Advantage Funding Hires Ex-CIT Vendor Finance Exec as CFO

The Advantage Funding group of companies said it has hired Alvaro Damiani as chief financial officer. He will also serve as a member of the company’s executive team.

Damiani will manage Advantage’s treasury, finance and accounting functions as well as shareholder relations. He will actively participate in establishing long term strategic goals and will be responsible to execute the company’s plans.

Prior to joining Advantage Funding, Damiani, a CPA, was the CFO of several large commercial finance companies. Most recently he was the CFO of CIT Vendor Finance U.S. He also served in Citicapital’s Commercial Finance Group, as well as its Business Technology, Healthcare Energy Group, and with Copelco Capital.

“I was attracted to this opportunity because it allows me to utilize my experience and skills in an entrepreneurial growth oriented environment and I look forward to contributing to the Advantage team,” Damiani stated.

“With over 30 years of experience in commercial finance and leasing, Al brings a wealth of experience and knowledge in our niche markets and the necessary skills to help assist our continued structured growth and profitability for the long term,” said Edward P. Kaye, president and CEO.

Advantage Funding is a non-captive ground transportation finance and leasing company and is a subsidiary of Marubeni America Corporation, a multibillion multinational general Japanese trading company.