Kenneth Mcdermott Email & Phone Number

New York, NY, US

• ‘Hands-on, Bottom-up Strategy and Execution’ Finance as a Service firm serving small companies, early-stage financial technology firms and non-profits, with notable clients including:
• Community Capital Technology Inc.: Identified numerous business development opportunities with strategic clients, credit funds, community banks and credit unions.
• OnDeck Capital, Inc.: Loan IRR and break-even analysis to support initial $20mm asset-based debt financing.
• Beta Factoring LLC: Sourced lenders and developed cash flow models, obtaining a $150 million asset-based financing agreement.
• Gaines Capital: Negotiated agreement on lease termination/ residual valuations to collect $0.3 million in long-term past-due obligations from a strategic client.

• Defined and executed global business development strategy, budgeting and reporting, cross-selling, risk management, and compliance activities for strategic financial institution client portfolios.
• Global US Banks/ Broker-Dealers and Select Asset Manager Affiliates – Grew portfolio revenues by 70%, to €210+ million, by cultivating and monetizing strategic global relationships via:
• Origination and return on capital optimization of: markets and investment banking products; financial technology/ fund accounting and administration solutions; and financing solutions for private equity/ credit funds.
• Origination of the first active book runner role of: both a debt and equity capital markets transaction for a US bank; asset-backed securitization and SEC-registered high-yield debt transactions in the US.
• Provided overall subject matter expertise in the financial institutions/ finance company sectors, leading commercial and risk discussions and identifying client M&A and business development opportunities.
• CFO Responsibilities – Hands-on preparation of budgets and budget v. actual analysis; portfolio performance and cross-sell/ capital allocation and optimization; ongoing compliance/ AML/ OFAC/ ‘Know Your Customer’.

‘Hands-on, Bottom-up Strategy and Execution’ Finance as a Service firm serving small companies, early-stage financial technology firms and non-profits with successes included in the discussion above.

• Head of Finance, Risk & Research of this early-stage, private-equity-owned business providing innovative capital solutions, as principal, to independent investment managers and advisors.
• Spearheaded the successful sale to Credit Suisse in 2008, including a $600 million recapitalization.
• Implemented asset/liability management strategies including 65% expansion and extension of an asset-based debt facility and the design and execution of a $100 million enterprise-value hedge strategy.
• Directed all aspects of finance and risk management activities, including: leading all Board reporting and transaction approvals, financial projections and results; capital structure and risk management strategies.

• Leadership of origination, operations and reporting of this $100 million/ year business.
• Originated and underwrote all new business, including management of strategic clients, optimized pricing models and generating revenue of $300M over the life of originated deals.
• Implemented dynamic risk management strategies, reducing P&L volatility by 75%.
• Negotiated first ‘AAA’ guarantee of securitiation financing, increasing revenues by $9M/ year.
• Spearheaded transformation of financial modeling and reporting and the operations, compliance and risk and control environments, continually earning strong ratings in internal risk reviews and Sarbanes-Oxley.