WebBank announced the appointment of Eraj Asadi as senior vice president – head of asset finance. In his new role, Asadi will be responsible for leading the asset finance team in the expansion, management and strategy of the bank’s asset finance platform.

Asadi joined WebBank in May 2022, bringing more than 30 years of both sell and buy side asset and structured finance experience through multiple economic cycles. He has experience in building and running asset finance businesses within a bank infrastructure. Before joining the Bank, Asadi worked at firms including Perella, Weinberg Partners, Brevet Capital, Rabobank, Lehman Brothers and CS First Boston.

“As WebBank looks to expand its Asset Finance business, it is imperative to have a leader who understands this industry, and Eraj’s experience and knowledge will be paramount for this important initiative,” Jason Lloyd, president and CEO at WebBank, said. “He has already made meaningful contributions during his short time here, and I look forward to the additional enhancements he will make in this new role.”