Legacy Corporate Lending Hired New Risk Officer
The firm added an experienced executive to manage credit as it pivots toward larger commercial loan transactions.
Updated on Oct. 12, 2026 in People
Legacy Corporate Lending has appointed Anthony Masci as its new Chief Risk Officer to oversee the firm’s credit and underwriting functions. This leadership addition supports the company’s strategic shift toward expanding its asset-based lending platform and pursuing larger loan deals.
Why it matters
The appointment signals a deliberate effort to strengthen risk management as the firm prepares to scale its commercial lending operations. Building out a robust credit function is a standard requirement for lenders attempting to migrate into higher-value capital deployments.
Anthony Masci brings over 20 years of finance experience, including managing a team of 75 professionals at First Citizens Bank. His previous commercial lending platform portfolio totaled $8 billion.
The players
Anthony Masci
The new Chief Risk Officer at Legacy Corporate Lending who previously served as Chief Credit Officer of Working Capital Finance at First Citizens Bank.
Legacy Corporate Lending
An asset-based lending firm currently expanding its commercial loan platform.
The details
Masci will join the Executive Management Team, working alongside the Chief Executive Officer and Chief Investment Officer to refine the firm's underwriting and portfolio management. By expanding the credit function, the firm aims to build the necessary operational infrastructure to handle the increased complexity and capital intensity associated with larger loan transactions.
Timeline
October 12, 2026: Legacy Corporate Lending announced the appointment.
Market Landscape
This move follows a trend of asset-based lenders prioritizing senior risk leadership to manage portfolio stability following the market volatility seen during the 2023 regional banking sector instability. It marks a departure from standard growth modes, emphasizing credit quality as the firm scales.
Operators seeking credit facilities should monitor how these internal shifts impact the firm’s underwriting speed and risk appetite. When a lender pivots to larger deals, borrower qualification criteria often tighten, requiring more detailed financial documentation.
The takeaway
When lenders announce significant leadership changes in risk management, it often signals an imminent change in lending policy or transaction size. Owners should review their existing loan covenants and capital requirements to ensure their business remains aligned with the lender's evolving risk profile.
Further reading
For more on local leadership changes, visit the People section.
Source note: This article includes information reported by Abladvisor.
