Tiger Capital Group has promoted eight executives to the position of managing director.

Those named managing director are: Bruce Armbruster, director of Marketing; Andy Babcock, director of Capital Solutions; John Cronin, director of Planning and Analysis; Ryan Davis, director of Appraisals; Arnold L. Jacobs, director, Field Operations & Merchandising; Ana Leon, director of Operations; Fred Raccosta, director of Business Development; and Jason Rae, director of Business Development.

The executives, who are based in Tiger’s New York, Boston and Los Angeles offices, will continue with their prior responsibilities.

“Over the past several years, these executives excelled in their areas of expertise as well as in managing their respective teams,” said Tiger COO Michael McGrail. “These promotions are an affirmation of their talents and strong contributions to our company’s rapid growth and profitability.”