Heller Financial Names Scott E. Miller President of Heller Commercial Services

Furniture World Magazine

Heller Financial, Inc. (NYSE: HF) announced that Scott E. Miller has been named president of Heller Commercial Services, formerly known as Current Asset Management. Miller joins this division from Heller's asset-based lending unit, Heller Business Credit where he also served as president. He succeeds Michael J. Roche, who has been named president of Heller Small Business Finance. "Scott's extensive expertise in asset-based lending makes him an ideal leader for Heller Commercial Services," noted Richard J. Almeida, Heller's Chairman and Chief Executive Officer. "We have achieved a powerful and respected position in the marketplace and are confident that Scott brings the right blend of expertise and skills to help us grow to a new level of industry leadership," Miller, 52, came to Heller in January 1998 from Bank of America in Los Angeles, where he served as senior vice president and general manager of asset-based lending. Prior to his four year tenure at Bank of America, he was with Citicorp for 17 years, serving in a wide variety of senior management and commercial lending roles. "Over the past few years, we were able to build in a solid foundation of Heller's commitment to factoring," added Roche. "We are extremely pleased to have someone of Scott's caliber and track record to build on this Successful franchise and grow the business to enhance our service and lending activities in our traditional markets and new segments." Miller is currently a member of the executive committee of the Commercial Finance Association, as well as chairperson of the organization's convention program. He earned a BBA in banking and finance from the University of Wisconsin and an MBA from the University of Chicago. Miller will continue to operate out of Heller's headquarter offices in Chicago. Heller Commercial Services provides factoring, working capital financing, credit protection and receivables management services to companies in a variety of industries. Heller Financial, Inc. is a worldwide commercial finance company providing a broad range of financing Solutions to middle-market and small business clients. With more than $13 billion in owned and managed assets, Heller offers equipment financing and leasing, sales finance programs, factoring and working capital loans, collateral -and cash flow-based financing, and financing for commercial real estate. The company also offers trade finance, factoring, asset-based lending, leasing and vendor finance products to Clients in Europe, Asia, Australia and Latin America.