Chief Executive Officer
Ascentium Capital’s Chief Executive Officer, Tom Depping, has over 30 years of experience in commercial finance and bank lending. Looking to fill a market need to bring efficiency, service excellence and competitive financing products to small businesses, it was Tom’s vision that resulted in the creation of Ascentium Capital. In August 2011 Main Street Bank’s lending platform was acquired by Ascentium Capital to create an independent finance company built on service excellence.
Tom, along with a group of investors, acquired Main Street Bank in 2004 and became its Chairman and Chief Executive Officer. Under Tom’s leadership Main Street Bank created a small business lending platform and quickly grew from a local community bank to a national small business lender with $500 million in assets.
Prior to his tenure at Main Street Bank, in 1994 Tom founded and served as Chairman, President and Chief Executive Officer of First Sierra Financial, Inc., a publicly-held, small-business finance company. First Sierra, under Tom’s direction grew from a start-up to a company with $3 billion in assets and a best-in-class servicing platform which provided unparalleled automation and process efficiency. First Sierra was sold to American Express in 2001.
Tom was with SunAmerica Financial Resources and its predecessor, First City Leasing Corporation, from 1981 to 1994 and served as President from 1991 to 1994. SunAmerica Financial Resources was an equipment leasing, merchant bank operation that bought and sold equipment lease portfolios. As President, in a two-year span Tom took the company from $1.1 million in pretax earnings to $13.73 million.
Tom was named Houston's financial-services company Entrepreneur of the Year in 1998. Tom is a Certified Public Accountant and began his professional career with KPMG. Tom graduated cum laude from Eastern Michigan University.
Chief Sales and Marketing Officer
Richard Baccaro is Ascentium Capital’s Chief Sales and Marketing Officer and has over 30 years of expertise. In 1985 he was a partner with a Princeton, NJ lessor. He co-founded ICC in 1991 which was acquired by First Sierra where he became EVP of Sales. In 2001, First Sierra was acquired by American Express where he was the EVP of Sales & Marketing. Later, he co-founded AEF and served as the CEO until merging with Ascentium. Richard graduated from Rowan University with a degree in Business.
Executive Vice President, General Counsel
Ben Earthman is Senior Vice President, General Counsel with responsibility for legal activities including support for the company’s origination and portfolio acquisitions. Ben has over 15 years of experience as a financial services attorney with an emphasis on structured finance, commercial lending and equipment leasing. Prior to joining Ascentium, Ben was Deputy General Counsel of Republic Financial Corporation. Ben also held attorney positions at law firms including Milbank, Tweed, Hadley & McCloy LLP, Mayer Brown LLP and Winston & Strawn LLP. Ben earned a B.A. from Christian Brothers University and a J.D. from The University of Memphis.
Executive Vice President, Chief Financial Officer
Paul Freudenthaler is the Executive Vice President and Chief Financial Officer and brings over 25 years of expertise. Paul has been CFO or CRO for several companies, including Macquarie’s Mexican operations, Old Mutual in Latin America, Irwin Financial and Irwin Union Bank in the U.S. Paul has also managed public offerings and acquisitions. Paul received a MBA in Finance from The Wharton School of Business, a CPA License from Texas State Board of Public Accounting, and a Bachelor of Commerce in Accounting and Economics from the University of Calgary, Canada.
President & General Manager, Merchant Finance Division
Bob Neagle is President and General Manager of the Merchant Finance Division. He began his career in financing over 30 years ago starting at Bell Atlantic Capital where he was SVP and COO of the commercial equipment finance group. He then joined AT&T Capital as the SVP of Marketing for the Business Finance unit as well as starting the Franchise Finance Division. He later joined CIT leading its Franchise Finance group followed by serving at First Data Corporation in 2004. Bob is a Ph.D. graduate of Loyola University Chicago.
Senior Vice President, Portfolio Servicing
Jerry Noon is Senior Vice President, Asset Management at Ascentium Capital and oversees the servicing of the portfolio. Jerry has more than 26 years' experience. Jerry received his BS in economics from Oregon State University.
Executive Vice President, Chief Information Officer
David Pederson is Ascentium's Executive Vice president and Chief Information Officer, and defines the technology roadmap and capabilities that fuel Ascentium Capital's overall business mission and goals. David has more than 25 years developing highly-scalable distributed software solutions for the financial services industry. He graduated with a BS in Computer Science from Minnesota State University.
Executive Vice President, Chief Credit Officer
Hernan Traversone is Executive Vice President and Chief Credit Officer at Ascentium Capital. In this role, Hernan is responsible for underwriting and risk management. Hernan has more than 21 years of experience in the finance industry and in underwriting consumer and commercial credit. Hernan Traversone received his CLP certification in 2008 and attended the University of South Florida.
Executive Vice President, Capital Markets
Evan is Executive Vice President, Treasurer, and Head of Capital Markets, overseeing all aspects of funding for Ascentium Capital. Evan has over 20 years of capital markets and equipment finance experience. Evan earned a B.S. in Systems Engineering at the University of Virginia.