Ceto Joins Ally CF to Lead Health Care Lending
Published July 10, 2012
Categories: Personnel Announcements
Ally Commercial Finance, a unit of Ally Financial, announced that Thomas E. Ceto will join the company as senior managing director and head of Healthcare Capital. Ceto will lead the effort to expand Ally’s business in the healthcare sector nationwide, supporting private equity sponsors in the middle market with both cash-flow and asset-based lending. He will report to George Triebenbacher, president of Structured Finance.
Ceto most recently served as executive vice president and chief commercial lending officer at Aris Development Company. His healthcare experience includes founding and/or leading several successful healthcare finance businesses.
Previously, he founded and headed Greyrock /Bank of America Healthcare Capital; Silver Point Capital Healthcare Finance; and FirstLight Financial’s Specialized Industries Group. Additionally, Ceto was managing director and head of GE Capital’s Healthcare Commercial Lending Division. He also led a healthcare advisory team at Banker’s Trust Company, structuring and financing some of the largest healthcare transactions at the time. His broad but deep middle market finance experience spans more than 30 years.
“Ally Commercial Finance has long been dedicated to providing healthcare companies with broad-based financial solutions, and we expect an increase in related deal activity in the future,” said Triebenbacher. “We are hiring strategically to grow and solidify our presence in this arena, and Tom Ceto’s expertise will prove valuable to our growth initiative.”
Ceto received a bachelor’s degree from Lafayette College and a master’s degree in business administration from Dartmouth’s Amos Tuck School of Business. He will be based in the Ally Commercial Finance office in Burbank, CA.
Ally Commercial Finance provides senior secured loans to meet the unique needs of equity sponsors and middle-market companies.