Ygrene Energy Fund brings three finance veterans to support expansion

By Tali Rackner

Norfolk, Va., Aug. 24 – Ygrene Energy Fund Inc. announced the appointment of Ilan Gleiser as chief risk officer, Giancarlo Gennaro as senior director of finance and Rasool E. Alizadeh as director of capital markets and asset-backed securities, according to a press release.

The appointments were made in order to manage growth, issue securitizations and support capital raises as the company expands to meet demand from institutional markets, the fund said. All three will report to chief financial offier Michael Chan.

"Over the last 24 months we've seen increasing demand from investors and agencies who see the exceptional credit quality of PACE [property assessed clean energy] and are eager to forge partnerships that can help them tap into these new market opportunities," Chan said in the release.

"Gleiser, Gennaro and Alizadeh bring the kind of structured finance experience and existing relationships that will help us scale as the market for PACE continues to ramp."

Gleiser was previously chief risk officer at Plural Bank and was also responsible for opening and leading Morgan Stanley's offices in Brazil.

Gennaro was most recently at Cronos Group and held previous roles at CSX Corp. and KPMG LLP.

Alizadeh was the senior banker at SMBC Nikko Securities America, Inc. Earlier roles include primary analyst at S&P’s ABS rating services group focused on RMBS and esoteric mortgage related ratings, as well as five years at RBC Capital Markets LLC.

Ygrene develops and administers clean energy financing programs. The company is based in Santa Rosa, Calif.

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