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Former Chapter President F. Matthew Jackson

F. Matthew Jackson, a former president and longtime board member of the TMA Upstate New York Chapter, died March 23. He was 49.

Jackson was a partner with the O’Connell and Aronowitz law firm in Albany. He leaves behind his wife of 23 years, Molly, and three children, Hannah, Devin, and Haley. Current TMA Upstate New York Chapter President John Bellardini, CTP, said Jackson had been “positive and upbeat” in an email to board members following recent cancer surgery. “Then we got the news that he had passed,” he said.

“Matt was passionate about his family, about his work, about his community, and about his life,” O’Connell and Aronowitz said in a posting on its website. “We mourn his untimely death but celebrate the way he lived his life.”

Bellardini said Jackson especially looked forward to the Northeast Conference in Saratoga, New York, each year and helping with the event. “He was gracious with his time. Anytime I called him and asked for some help, he was there,” Bellardini said. “Like most people in TMA, he was just a person of quality.”

According to his obituary in the Albany Times Union, Jackson was a graduate of the University of Rochester and the Syracuse University College of Law. He enjoyed playing lacrosse and was inducted into the University of Rochester Sports Hall of Fame in 2012. He coached youth lacrosse and served for six years on the board of the Colonie Youth Center, including a two-year term as board president.

Conway MacKenzie Inc. has opened an office in Miami to serve as the center of the firm’s Latin American practice and support business in the Southeastern United States. The firm named Aurelio Garcia-Miro, shareholder and senior managing director, to lead the Latin American practice, which provides financial advisory support for corporate transformation processes in pre- and post-acquisition underperforming or distressed situations. Garcia-Miro has advised companies in the U.S., Europe, and Latin America for nearly 20 years on performance acceleration and financial restructuring. He currently leads the team advising the government of Puerto Rico on its $120 billion debt restructuring with treasury planning and optimization of financial disclosure.

Hilco Global and La Caisse de dépôt et placement du Québec (CDPQ) have entered into a long-term partnership agreement, under which CDPQ has acquired a minority stake in Hilco Global. The Canadian company also plans to target annual investments of $150 million alongside Hilco in distressed assets and other special situations. The transaction gives CDPQ 27 percent ownership of Hilco Global. The partnership helps fund Hilco’s continued growth and expansion into sectors that include real estate, intellectual property, account receivables, and commercial and industrial asset transactions with both healthy and distressed companies, according to a release announcing the agreement.

Tim Hanchett has joined Presidential Financial Corporation (PFC) as a business development officer in Detroit. In his new role, he is responsible for originating, structuring, and funding asset-based loans of up to $30 million for middle-market businesses in the Midwest and Great Lakes regions. Previously, Hanchett was national sales manager for WNB Specialty Finance. Before that, he worked for 30 years in senior roles helping a number of financial institutions develop and manage asset-based lending portfolios.

Stephen Shelton has joined as Great American Group Advisory & Valuation Services LLC as a managing director based in New York. He is responsible for assisting lenders, private equity firms, hedge funds, attorneys, and various corporate clients on appraisal and valuation engagements. Shelton brings more than 30 years of experience in banking, investment banking, and financial consulting, specializing in asset-based lending, structured finance, investment banking, commercial lending, credit analysis, and business planning. Previously, he was a senior vice president for business development with Marquette Business Credit.

Utica Leaseco has formed an affiliate company, Utica Equipment Finance, which offers equipment-based term loans and leases to companies throughout North America. The new firm is led by co-founder Ed Stolarski, who has more than 30 years of equipment and corporate finance experience, including sales leadership roles with GE Capital and as co-founder of Nations Equipment Finance. In addition, Marc Parauka and Matt Worman have joined the new firm, Parauka as director of credit and underwriting and Worman as business development officer covering the Midwestern and Central U.S. Parauka was previously with Wells Fargo, and Worman was with Nations Equipment Finance.

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