President & Chief Legal Officer
As the President & Chief Legal Officer of Auxilior, David Verlizzo is responsible for overall strategic direction of the company and all of the legal and compliance affairs, including transactional, regulatory and corporate matters. David has a proven executive and legal management track record with over 20 years of experience in the commercial and equipment finance industries. Prior to joining Auxilior Capital, David was Managing Chief Counsel of PNC Bank's Vendor Finance group, where he was the primary counsel responsible for overseeing the group's transactions, policies and procedures. At PNC he was personally responsible for documenting and closing over $300 million in structured finance and syndicated transactions. Previously, he served as the Senior Managing Director, Counsel and Chief Compliance Officer of CION Investments where he lead the legal and compliance departments. David is actively involved in youth lacrosse where he serves as a coach and advisor to the Commack, NY lacrosse program. He earned a BS degree at the University of Scranton and a JD from Hofstra University School of Law.
Chief Commercial Officer
Mr. Borkowski is responsible for managing and growing Auxilior’s customer and partner relationships and leading and motivating our team of originators. He has nearly 28 years of corporate finance experience which spans commercial equipment finance, asset-based lending, capital markets, and mergers & acquisitions. Mr. Borkowski began his career at GE Capital where, over his 20+ years of employment, he progressed through roles in originations, sales management, and syndication. Additionally, while at GE Capital, he completed the prestigious GE Management Development Program. More recently, he served as Senior Director of Structured Finance at PNC Vendor Finance where he developed and managed large-ticket equipment financing relationships. He consistently delivered on his business objectives and received numerous performance awards. He is an expert at crafting innovative financing solutions and passionate about helping his clients grow their business and achieve their financial objectives. Mr. Borkowski is active in his community through serving as an instructor and lecturer at the SBA Small Business College and his involvement in Cars 4 Cause charitable foundation. He is a graduate of St. Joseph’s University in Philadelphia with a bachelor’s degree in finance.
Chief Risk Officer
Mr. Sullivan has an extensive background in credit and risk management, as a Commercial Credit Risk Executive working in the banking & financial services industry with over 40 years’ experience of timely and consistent underwriting of new credit relationships and the management of credit operational risk. He has expertise in delivering guidance on complex structuring, analysis, and underwriting, ensuring accuracy of risk and facility ratings. Experience includes the development of policies and procedures, monitoring of loan covenants, delinquencies, annual reviews, and renewals of existing credit relationships. Prior to joining Auxilior, Mr. Sullivan was the Chief Credit Officer at Hitachi Capital America responsible for leading the credit function. Prior to that he served in similar capacities as Chief Credit/Risk Officer for Ally Bank, TD Equipment Finance and Fifth Third Equipment Finance. Mr. Sullivan was also the head of Credit and Operations for Siemens Financial’s Vendor Finance division. During his tenure, Mr. Sullivan has directed underwriting, operations, and portfolio administration functions in organizations with assets in excess of $4.5 billion under management, and origination volumes in excess $1.1 billion per annum. Mr. Sullivan earned his B.S. degree in Accounting with a minor in Economics from Marist College and has pursued additional training in equipment finance. Ken has been active in a variety of civic and professional organizations throughout his career. He has served as an elected member of the Equipment Leasing and Finance’s Financial Institutions Committee. He has served in the Community as both Board Treasurer and President of the Interfaith Hospitality Network of Somerset County. (Homeless Shelter serving Women, Children and Families) In addition, he was elected as a member of West Amwell Township’s Board of Education heading up the Finance and Facilities Committees.
Capital and investors
Auxilior is backed by a leading private equity firm focused on growth financial services companies led by strong management teams with demonstrably successful track records. In addition to capital, our sponsors provide value-added industry knowledge and deep expertise to help us prioritize business initiatives and implement best practices to help maximize Auxilior’s growth.