Reston, VA – March 23, 2010. MMV Financial (MMV) one of North America's pre-eminent specialty finance firms today announced the addition of Mr. Brad Steele to its origination and marketing team reinforcing the company's presence in the US North East. Mr. Steele joins MMV Financial as Senior Vice President. Based out of New York, NY and Boston, MA, Mr. Steele will be responsible for the business development activities of MMV in the US North East.
"The success of MMV Financial is due, in many respects, to the ability of our team and bringing the vision of our company to those we invest in/with. Brad will not only bring his experience to that vision but continue to expand it as we continue building and reinforcing our presence in the US North East." indicated Chief Executive Officer, Minhas Mohamed.
Mr. Steele joins MMV from Square 1 Bank’s Eastern Region where he was Senior Vice President and Managing Director, responsible for developing and executing the bank’s regional growth strategies and serving the commercial banking needs of institutionally-sponsored technology companies in the Mid Atlantic and NY Metro regions. From 1998 through 2005, Brad held several senior lending and management positions within Comerica Bank’s Technology and Life Sciences Division, most recently as Senior Vice President and Regional Manager of the bank’s New York Metro region.
Throughout his venture finance career, Mr. Steele served as the capital source and banker to over 150 venture and private equity backed companies. Prior to Comerica, Brad worked in various commercial lending, investment management and business development roles with Riggs Bank in Washington, DC, Citizens Bank of Virginia and Norwest in Baltimore, serving small to mid market companies. Brad holds a BA from Gettysburg College and MBA from The George Washington University.
"We are extremely pleased that Brad has joined MMV's senior management team. We will benefit enormously from his in-depth experience in providing venture debt to both the Technology and Life Sciences companies in the Northeast," said April Young, Senior Vice President and Managing Director MMV Financial
About MMV Financial
MMV Financial is a specialty finance company providing creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, Fonds de Solidarité FTQ, HSBC Bank Canada, NewStar Financial Inc., ROI Capital, and Wells Fargo Company. For more information please visit www.mmvf.com
For further information:
April Young, SVP and Managing Director,
MMV Financial Inc.,
(703) 397 5157, firstname.lastname@example.org