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Wells Fargo Capital Finance hires managing director retail finance

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San Francisco Wells Fargo Capital Finance, part of Wells Fargo & Co., has hired Keith Vercauteren as the managing director of its Retail Finance division.

Based in Boston, Vercauteren is responsible for managing the new business and underwriting processes. He works with the national sales force of Wells Fargo Capital Finance to structure and close asset-based credit facilities that are tailored to the needs of traditional, catalog, and online retailers.

Vercauteren has more than 11 years of experience in managing and underwriting asset-based loans. Most recently, we worked for Bank of America Merrill Lynch, where he was a managing director. He has also held positions with FleetBoston, BankBoston and Filene’s.

Vercauteren earned a bachelor’s degree from University of Massachusetts and a master’s in business administration at Babson College. He is a member of the Commercial Finance Association and the Turnaround Management Association.