Tuesday, January 02, 2007
First Capital announced Matthew R. Begley has been promoted to chief operating officer of First Capital Financial Services, Asia, First Capital's Hong Kong subsidiary.
In his new position he will be transferring to the Financial Services Division and will be in charge of coordinating communication with funding partners and sources relating to Asian operations and domestic asset-based loan transactions that are funded by the Financial Services Division.
Begley was previously senior vice president, western region asset-based lending manager at First Capital. Prior to joining the firm, he was a senior vice president and manager of the Los Angeles office of Capital Business Credit, a division of Capital Factors, overseeing all aspects of a middle market asset-based lending portfolio. He has experience in asset-based lending, factoring, equipment finance and several types of warrant backed debt products.
"We are very excited by this announcement because it represents a major milestone in both Matt's career as well as in the expansion of First Capital's business lines and resources," said Mark Sunshine, COO and CFO, First Capital.
Begley has a BA in Political Science from Cal Poly San Luis Obispo and a MBA from Pepperdine University.
First Capital is a financial services firm providing prompt, professional and reliable working capital solutions for middle-market companies and institutions.