Michael Van Asselt
About Michael Van Asselt
Michael Van Asselt serves as the Chief Financial Officer at National Funding, where he has worked since 2019, following a series of promotions within the company. He has a strong background in finance, having previously held positions at Societe Generale and Natixis North America, and is recognized for his leadership and strategic contributions during the COVID-19 pandemic.
Work at National Funding
Michael Van Asselt has served as the Chief Financial Officer at National Funding since 2019. In this role, he has been instrumental in the company's financial strategy and operations. Prior to his promotion to CFO, he held the position of Director of Financial Planning and Compliance for eight months in 2019 and worked as a Senior Finance Manager from 2017 to 2019. During his tenure, he has been recognized for his leadership, successfully rebuilding his team after his promotion, marking his fourth advancement within the company in seven years.
Previous Experience in Finance
Before joining National Funding, Michael Van Asselt worked at Natixis North America in various roles. He began as an Associate Financial Analyst from 2007 to 2010, then progressed to the position of VP, Senior Financial Analyst from 2010 to 2014. His earlier experience includes working as an Analyst from 2004 to 2007 at Natixis North America and as an Operations Analyst at Societe Generale in 2003-2004. This diverse background has contributed to his expertise in financial management and analysis.
Education and Expertise
Michael Van Asselt earned a Bachelor of Science (B.S.) degree in Finance and Marketing from the University at Albany, where he studied from 1998 to 2002. His educational background laid the foundation for his career in finance, equipping him with the skills necessary to excel in various financial roles. He is recognized as a thought leader within the specialty finance sector, known for his negotiation skills and diplomatic approach.
Achievements During the COVID-19 Pandemic
During the COVID-19 pandemic, Michael Van Asselt played a crucial role in guiding National Funding through financial challenges. His leadership was key in orchestrating four successful financing facilities totaling $350 million, including the company's first securitization for $120 million. He also facilitated $65 million in loan modifications for 40% of the company's customers, helping them manage their financial obligations during a difficult period. His financial direction was vital in ensuring the company's stability.