Fifth Street Finance Corp. named attorney James Castro-Blanco to its board of directors, the finance company announced Monday.
Mr. Castro-Blanco was appointed as an independent director, which brings the board back to eight members. Five of those directors are independent.
Mr. Castro-Blanco is the chief deputy county attorney for Westchester County in New York, where he provides legal counsel to elected officials, boards and commissions. Prior to that, he served as a U.S. Attorney where he investigated and prosecuted cases involving RICO laws, money-laundering and other financial crimes. He also has significant experience providing risk management advice to companies, and investigating alleged financial improprieties, First Street Finance said.
"We are pleased to add Jim to FSC's Board of Directors," said Leonard M. Tannenbaum, CEO of Fifth Street Finance Corp., in a press release. "With over 20 years of experience as an attorney in both private and public sectors, we believe that he will provide a valuable perspective to our Board of Directors."
Mr. Castro-Blanco served as president of the largest Hispanic bar associations on the East Coast and on the board of trustees for St. John's Riverside Hospital as the chair of the liability committee.
Fifth Street Finance provides financing to mid-sized companies, primarily through investments from private equity groups. The organization has $5 billion in assets under management.
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