Hitachi Capital America announced Christopher Norrito has joined the organization as Director, Structured Credit and Operations. He reports to Jim Giaimo, Vice President and Chief Credit Officer, Commercial Finance.

In his new role, Norrito is responsible for reviewing, underwriting and processing new asset-based lending, enterprise value and corporate finance transactions in the range of $250,000 to $25 million. He will also assist in formulating and strengthening credit procedures and implementing additional underwriting and portfolio management policies.

“Chris has an extensive and notable career as a high-ranking credit executive,” Giaimo commented. “We’re confident in his abilities to maintain a strong and balanced credit structure. His in-depth experience in underwriting and financial evaluations will be a great asset as we continue positioning the company for ongoing growth.”

Norrito brings more than 30 years of financial expertise in credit and risk analysis, portfolio management, collateral/asset valuation, loan structuring and documentation. He has strong experience in asset-based lending, DIP financing, workouts, syndications and more. Prior to joining Hitachi Capital America, he held positions with increasing roles of responsibility at Transamerica Business Capital Corporation and Keltic Financial Services. He most recently held positions at HVB Capital Credit and as Credit Leader at EverBank.