IDBFactors to Open West Coast Office
Longtime finance executive Harold Dundish has been hired to open the new West Coast office of IDBFactors, a division of Israel Discount Bank.
The New York–based bank opened its factoring division on the East Coast about five years ago. Dundish will head up the West Coast regional office as senior vice president and Western regional manager and will oversee the company’s business in the Western United States.
Dundish is working out of Israel Discount Bank’s current offices, located in suite 600 at 9401 Wilshire Blvd. The bank is building a new office at 888 S. Figueroa St., and the IDBFactors office may move to that location.
“I like the idea of being on the bank premises for cross-selling purposes,” Dundish said. “There’s a lot of support that I can give to bank customers relative to credit protection or collection services or things of that nature.”
IDBFactors will focus on apparelrelated businesses, Dundish said, although he noted that he sees new opportunities with importers and non-apparel suppliers to department and chain stores.
“I’m looking forward to starting to develop relationships with firms that are doing financing for companies in China that are bringing products into the United States that need factoring services,” he said.
Dundish was the executive vice president and West Coast regional manager of Capital Factors LLC and later spent a brief stint in the company’s New York office. Saul Langer, IDBFactors senior vice president and division head, and Howard Moore, IDBFactors senior vice president, then approached Dundish to open the company’s West Coast office. Dundish’s long career in the industry also includes executive positions with GMAC Commercial Finance LLC and Finova Capital Corp., where he first worked with Moore.
“I think I will attract business because of my name and reputation—I [have] 411/2 years in the factoring business,” Dundish said. “I think people will see that even though most of the operations are in the credit area, I will be totally supported by New York. The service will be as good if not better than anybody else’s, primarily because of our size. We give people the personalized service. We pride ourselves on customizing the type of financial needs that a client might need.”
Dundish said he intends to hire additional staff as the West Coast office grows.“It’s still a relationship-oriented business, many of which I think I have, and I’m looking forward to working with this company and growing their West Coast business accordingly,” he said.
Dundish can be reached at (310) 860-6330. —Alison A. Nieder
