Flagstar Bank has named Vince Belcastro as senior vice president and head of portfolio for its asset-based lending (ABL) division, marking his return to the ABL industry after several years in private equity-backed advisory roles and leadership positions in the equipment finance industry.
Belcastro will lead Flagstar’s ABL portfolio risk management group, reporting directly to Robert Love, group director of asset-based lending.
“I am happy to announce that I am returning to the Asset Based Lending industry and excited to be back working in this sector,” Belcastro posted on LinkedIn. “Thanks to Robert Love and the Flagstar executive team for this opportunity as their Head of Portfolio Risk Management. I am looking forward to this next chapter!”
Love welcomed Belcastro with enthusiasm: “I am excited to welcome Vince Belcastro to Flagstar Bank as senior vice president and head of portfolio, asset-based lending. Reporting to me, Vince will lead the ABL Portfolio team.”
“Vince’s personality, enthusiasm, and experience partner well with the growth initiatives of the ABL group. It is a pleasure to have him aboard,” Love added.
Belcastro brings more than 35 years of experience in asset-based lending, specializing in middle-market and large corporate lending, portfolio risk oversight and business platform development. He most recently served as Head of Portfolio Management at Camley Advisors, where he worked with four private-equity-owned companies across sectors including manufacturing, machine tools, government contracting, and healthcare.
His prior leadership roles include positions at Element Fleet Finance, Santander Bank and CIT Group. Belcastro has served on Monitor’s Editorial Board since 2019.
