Medallion Financial Corp. announced the appointment of Marc Adelson as the president of its asset based lending division Medallion Business Credit.
Adelson will report to Medallion Financial president, Andrew Murstein, and chief operating officer and chief credit officer, Brian O'Leary. Adelson brings asset based and leveraged finance experience to the position. He previously served as the CEO and president of Capital Business Credit. Gerald Grossman, former president of Medallion Business Credit, will remain with the company working side by side with Adelson, as well as continuing to provide leadership on portfolio and new business matters.