Advantage Funding, a wholly owned subsidiary of Macquarie Group’s Corporate and Asset Finance division, named Joseph Deriu as the company’s new chief operating officer.

Deriu’s background is in high-production, technology-enabled environments. At First Data, he was the vice president leading technology-strategy and application-development programs and processes in support of the company’s global credit-risk organization. Throughout his career, Deriu has specialized in operations and technology working in a variety of industries including leasing, payments, direct marketing, travel services, real-estate operations and insurance.

“Joe will focus on streamlining our operations and increasing the efficiency of our systems,” said Lisa Lersner, CEO. “Advantage Funding and its customers will benefit as Joe applies his extensive background in technology and operations to broadening the innovation in our organization.”

“I’m excited to be part of the growth of this industry-leading company,” Deriu said. “I look forward to developing relationships and working to continue to enhance the excellent operational structure that supports our clients.”