
Tiger’s senior leadership brings a proactive, solutions-oriented mindset to every challenge. Drawing on deep industry insight and real-world experience, they partner directly with clients to anticipate change, uncover opportunity, and optimize value.






































Daniel Kane serves as Co-Founder and Managing Member at Tiger Capital Group LLC, where he is responsible for the day-to-day operations of the company.
He has over 34 years’ experience in the disposition and appraisal of both consumer goods and commercial/industrial assets, as well as real estate, and intellectual property.
Additionally, Mr. Kane oversees Tiger’s financial services practice, including the provision of Junior Secured Debt (tranche B, mezzanine) financing and equity capital.
Mr. Kane has served on the Board of Directors of Intracel Holdings Corp., Vaccinogen, Inc., Official Pillowtex, LLC (sold to Iconix Brand Group) and Unwired Technology (sold to American Capital, Ltd.).
Before co-founding Tiger, Mr. Kane practiced for over ten years as a CPA, most notably at Grant Thornton LLP.
He is a Member of the AICPA and holds a BS degree from the Stern School of Business at New York University.
Albert Nassi is a Co-Founder, Member and Counsel of Tiger Capital Group and it’s subsidiary companies.
A respected authority on the monetization and appraisal of consumer and commercial assets, Mr. Nassi has been a leader in the asset disposition industry since it’s inception in 1976, when he was a Partner in the Sam Nassi Company, the nation’s first retail liquidation firm.
In the ensuing 40+ years, Mr. Nassi has overseen many multi-billion dollar transactions, working on behalf of the largest, most prestigious lending institutions, manufacturers and retailers in America.
A licensed attorney, Mr. Nassi specializes in bankruptcies, reorganizations, mergers, acquisitions, divestitures, and secured transactions.
He has a BS in Business from the Haas School of Business at the University of California at Berkeley and a JD from Southwestern University School of Law.
His memberships include the American Bar Association, State Bar of California, American Bankruptcy Institute, Turnaround Management Association and Commercial Finance Association.
Michael McGrail serves as Principal at Tiger Capital Group LLC, where he is responsible for the day-to-day operations of the company, including growing the company’s strategic relationships and enhancing the Tiger portfolio of investments and products.
Over the course of his career he has directly managed the analysis, bidding process and operations of many of America’s largest asset disposition projects while, in the process, enhancing returns for trustees, secured and unsecured creditors, landlords, debtors and other interested parties.
Pursuant to retail operations, he has directed the opportunistic purchase of over $3 billion of inventory from third party sources to further enhance creditor returns.
McGrail began as a Financial Analyst at one of Tiger’s competitors before taking the role of Financial Manager of Global Markets at Thompson Reuters. He joined Tiger 25 years ago as Vice President of Finance and was named a Managing Director in 2005 before becoming the Chief Operating Officer in 2013.
He holds a BS in Business Administration and Management from Northeastern University and is a member of the Turnaround Management Association and American Bankruptcy Institute.
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Bob DeAngelis is a 40+ year veteran of the commercial finance and financial services industry, currently serving on the executive committee of Tiger Capital, and as the Group Head and Chief Investment Officer of Tiger Finance.
As a member of the Tiger Capital executive committee, DeAngelis is able to provide leadership and strategic guidance in continuing to help build the Tiger organization into a best-in-class financial services platform. In addition to his role on the executive committee, as the business line leader of Tiger Finance, DeAngelis utilizes his experience and understanding of capital markets to provide complex capital solutions to clients through a variety of credit-based products, including: secured loans, inventory consignment programs, junior secured credit facilities, and structured equity offerings.
As a further reflection of his entrepreneurial spirt and leadership, DeAngelis has been part of ownership and senior management teams that have launched four different successful start-up lending platforms, including Tiger Finance, Crystal Capital and Back Bay Capital. Additionally, DeAngelis was part of the ownership and management team that founded the private retail lending platform sold to Bank of Boston that eventually became Bank of America Retail Finance, still one of the largest and most successful retail lending platforms in the country.
DeAngelis began his career at Shawmut Bank’s asset-based lending group after graduating from the University of Connecticut’s School of Business. He is also a member of the Commercial Finance Association and the Turnaround Management Association.
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As Chief Operating Officer, Ryan Davis oversees the appraisal, disposition, lending and advisory practices of Tiger’s retail, wholesale, and commercial/industrial divisions. Additionally, he facilitates the company’s growth strategies, market positioning and complex transactions.
Davis, a 20-year veteran of the asset-based lending industry, joined Tiger in 2006 as a Senior Financial Analyst. He rose to become the appraisal division’s Managing Director in April 2019 and Executive Managing Director in March 2024.
In the latter capacity, Davis was responsible for the valuation of more than $25 billion of retail, wholesale and industrial assets annually. The L.A.-based executive has operated multiple strategic Tiger investments, including Advanced Sports, Inc. and mDesign, and has worked on high-impact, complex capital transactions involving a wide range of businesses.
Davis holds a degree in finance from the University of Vermont.
Revitalizing Distressed Companies with Data-Driven Turnarounds and Strategic Restructuring
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Christopher Huber started his career in 1986 as a CPA at the public accounting firm of Peat, Marwick and Mitchell, now known as KPMG.
He subsequently joined The Nassi Group in 1989 as Controller. In addition to his financial reporting responsibilities at Nassi, Huber worked on numerous liquidation projects, as the retail industry experienced unprecedented store closures due to standardization and consolidation across various sectors.
During the mid-1990’s, he helped develop a comprehensive retail inventory appraisal practice at Nassi, which eventually became the foundation for Tiger Group’s inventory appraisal practice when principals of Nassi Group formed Tiger in 2001. At that time, he was named Managing Director.
During his tenure he has been a driving catalyst in Tiger’s expansion into Australia and has been a key team member/leader in every major Tiger venture.
Today, Huber has financial oversight of all Tiger retail, wholesale and industrial disposition projects and serves as a special resource to our appraisal practice. His areas of expertise range from financial reporting and analysis to personnel administration and internal operations.
Huber holds a BS degree from the University of Illinois and an MBA from Tulane University.
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Bradley Snyder is a recognized authority and leading corporate advisor on global business strategies in the commercial world.
His expertise spans mergers and acquisitions, debt financings, corporate restructurings, asset maximization via strategic re-positionings and disposition programs, and the acquisition, perpetuation and full-utilization of global brands of distressed retail companies.
Additionally, Snyder is a member of senior leadership responsible for the expansion of Tiger operations into Australia.
His business career spans 40 years, including 13 years as a practicing attorney and Partner at the Boston firm of Looney and Grossman LLP.
During a 12-year tenure as a Managing Director and Principal at one of Tiger’s competitors, he led deal teams on numerous key projects, including the acquisitions of Casual Corner, a C$180 million financing for Eaton’s Department Stores, and the repositioning of over 80 department stores following Federated’s (now Macy’s) acquisition of May Department Stores.
Snyder was also instrumental in the firm’s launch of a business unit that purchased, sold and licensed brands and other intellectual property. Brands and companies under his direction included The Sharper Image, and Linens ‘n Things.
More recently, Snyder was the President of CP (Creative Playthings) Licensing Corp. and Operating Managing Partner at Infinity FS Brands, LLC, where he engineered the equity investment in Linens ‘n Things, as well as the debt financing for Fredericks of Hollywood.
He has served on the Board of Directors of The Sharper Image and Board of Advisors of Linens ‘n Things and is a past Director of the Turnaround Management Association’s Toronto Chapter. He has also been a director for the Combined Jewish Philanthropies of Boston, Big Brothers of Greater Boston, and Jewish Big Brothers/Big Sisters of Greater Boston. Snyder currently serves on the Board of Directors of the Rose Kennedy Greenway Conservancy, and is an Executive Mentor at the Global Good Fund.
He holds a BA in Political Science/History from The George Washington University and a JD from Boston University, School of Law and is a member of the Massachusetts Bar.
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Based in our New York headquarters, Jack Rapp drives many of Tiger’s largest, most-complex appraisal and disposition projects.
A well-known professional within the turnaround and workout communities, Rapp leverages over 32 years in reorganizations and asset monetization to facilitate mergers, acquisitions, downsizings and corporate divestitures on behalf of Tiger’s retail, wholesale and industrial partners.
His activities include financial modeling, operations management, production planning, and venture marketing and sales.
Over the course of his career, he has worked on a consulting basis for numerous national and regional discount, general merchandise and specialty store retailers, as well as at several apparel, consumer products and industrial companies.
Rapp has also worked with major lending institutions in asset valuation engagements in multiple industries, analyzing more than $50 billion in retail and wholesale inventories and accounts receivable to support loans by syndication groups led by JPMorgan Chase, The CIT Group, Bank of America, Goldman Sachs, and others.
He holds a B.A. degree from Hampshire College.
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A well-known leader in the financial services industry, William (Bill) J. Mayer brings innovative business solutions to Tiger’s valuation, disposition and finance practices.
Prior to Tiger, Mayer spent almost two decades at Wells Fargo entities in Boston, where his roles included President & COO of Wells Fargo Retail Finance (2002-2009); President of the Commercial & Retail Finance Group at Wells Fargo Capital Finance (2009-2011); and Senior Credit Officer and Executive Vice President of Wells Fargo Wholesale Bank (2011-2015).
Most recently, Mayer was Group Head and Executive Vice President of Wells Fargo Equipment Finance. In that seven-year role, he spearheaded growth both organically and through acquisition of the specialized equipment lending and leasing businesses. Last year his accomplishments included taking the helm of the unit’s Wells Fargo Commercial Auto business, a leading lender for dealerships nationwide.
He had previously led Wells Fargo’s acquisition and integration of three GE North American businesses: Capital Direct Leasing, GE Rail, and GE Capital Vendor Financial Services. In May 2021, he directed the sale of GE’s legacy leasing business in Canada to TD Bank, generating a significant gain for Wells Fargo.
His additional accomplishments at Wells Fargo Equipment Finance included overseeing due diligence, risk-management, and regulatory compliance for a variety of entities—including a Transportation Center of Excellence that he created for due diligence and compliance monitoring of Wells Fargo assets such as trucks, trains, ships, trailers, and aircraft.
Prior to joining Wells Fargo in 2002, Mayer spent 13 years at GE Capital Corporation. His initial responsibilities included heading a team of investment analysts in the field and then, as a London-based Senior Vice President, overseeing risk-management and business-development in Europe for GE Capital Commercial Finance.
Mayer went on to serve as Chief Credit Officer, Southern Region, for GE Capital Retailer Financial Services, working with the likes of The Home Depot and Lowe’s, and as SVP of GE Capital Commercial Finance’s national healthcare practice. In this latter role, Mayer took charge of business development efforts which quickly showed significant and material improvement in new business volume.
He ultimately rose to Managing Director of the firm’s Chicago-based Commercial Finance Group, leading a region comprised of 13 Midwest states and all of Canada. Under Mayer’s leadership, the region’s commitments more than doubled in less than two years.
Mayer started his career in 1985 as an auditor for Peat Marwick International, which merged with Klynveld Main Goerdeler two years later to form the KPMG network. He had interned for Peat Marwick while earning his accounting degree at The Pennsylvania State University.
A native of Philadelphia, Mayer is an active member of the Commercial Finance Association, the Turnaround Management Association, the Equipment Leasing and Finance Association, and the American Bankruptcy Institute. He is an active community volunteer and has twice completed the Boston Marathon.
Andy Babcock has over 25 years’ experience in all aspects of asset-based lending, restructuring, valuation and asset monetization.
Babcock co-manages Tiger Finance’s debt portfolio and is responsible for sourcing, structuring, underwriting and portfolio management. He is a current member of the Tiger Finance credit committee and an original founding member of Tiger’s finance platform.
Tiger’s platforms provide capital solutions to its clients through a variety of credit-based products including secured loans, inventory consignment programs, junior secured credit facilities and structured equity offerings. Prior to joining Tiger Finance, Babcock held several positions at Tiger in business development, investment underwriting and asset valuation, Babcock has also served as CFO, CRO, President, and Director of various entities in which Tiger Capital has held a controlling interest.
Prior to joining Tiger, Babcock was a Vice President at a firm providing advisory and diligence services for sponsors, lenders, and companies in metals, chemicals and commodities. Babcock was a founding member of the firm. Babcock began his career as an analyst in financial services and retail.
He holds a BS degree in Finance from Northeastern University in Boston, MA.
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A 30-year veteran of the asset-based lending and financial services industries, Andy Cerussi focuses on identifying both secured debt financing and equity capital opportunities to facilitate turnarounds or provide additional working capital to Tiger’s portfolio clients. He is a current member of the Tiger Finance credit committee and an original founding member of Tiger’s finance platform.
In the 15 years preceding his role at Tiger, Cerussi was a Senior Vice President at Bank of America Merrill Lynch, where he helped manage the Retail Finance Group. Prior to that, he was a Vice President at LaSalle Retail Finance, focused on workouts. Earlier in his career, he held positions as a Senior Project Manager at one of Tiger’s competitors and as a Retail Analyst at Wells Fargo Retail Finance.
Cerussi earned a Bachelor of Science degree in Finance and Investments from Babson College and is an active member of the Commercial Finance Association and Turnaround Management Association. He also holds Series 7 and Series 63 licenses.
Chad Farrell is responsible for managing the day-to-day operations of Tiger’s Commercial & Industrial division, as well as guiding its strategic direction and growth, developing new market initiatives, and securing complex engagements.
Farrell brings to Tiger deep experience in the disposition, valuation and auction of machinery, equipment, inventory, and real property. He has executed thousands of auction,, sealed-bid and private treaty transactions in more than 20 countries, selling more than $750 million of surplus and distressed assets in the energy, transportation, construction, manufacturing, mining, metals and retail sectors. He also offers Tiger’s C&I clients with significant experience in the creation of marketing and e-commerce solutions within the context of commercial and industrial asset management.
Prior to joining Tiger, Farrell was Vice President, Strategic Business Development Liquidity Services (Nasdaq: LQDT), a global provider of consultative asset management, valuation and sales solutions. Farrell joined Liquidity Services in 2013 when the company he founded, Tru-Markets– a venture delivering eCommerce solutions for Fortune 1000 Energy and Insurance companies–merged with Liquidity Services.
Prior to founding Tru-Markets, Farrell’s professional experience included decades of industry positions, including his role as Senior Vice President, Strategy and Business Development, at online auction marketplace Asset Nation Inc.
A resident of Houston, Farrell earned an M.B.A. from The University of Texas at Austin and a B.S. degree in Mechanical Engineering from Texas A&M University.
Since 1989, Arnie Jacobs has provided Tiger with operational project leadership, strategic marketing guidance, venture due diligence and client consultation on over 100 retail liquidation projects throughout North America.
One of the few senior liquidation professionals to have a hands-on level of expertise that comes from years of diverse project management, his initiatives have ranged from a single store closing to serving as a regional or lead consultant on some of the largest liquidations in retail history including Circuit City, Gottschalk’s, and Movie Gallery-Canada.
Prior to his time with Tiger, Jacobs was Executive Vice President, Operations at Buyers Club Markets in Denver, where he was a member of the startup team at America’s second membership warehouse chain.
He began his career in 1971 in the consumer newspaper industry, serving as Vice President of Advertising at the Arizona Pennysaver in Tempe.
Today, Jacobs directs the activities of Tiger’s field operations teams, including our 100+ merchants who conduct inventory dispositions at the store level and our asset specialists who perform onsite evaluations for the ABL community.
He holds a Bachelors Degree from Arizona State University.
A Lender’s ‘Eyes and Ears’: Field Visits by Expert Teams can Boost Appraisal Accuracy
Bruce Passen directs all account receivables (A/R) purchase activities at Tiger, including the sourcing of A/R purchase opportunities, as well as reviewing pricing and collection strategies for all A/R portfolios that are either purchased by Tiger or managed on a fee basis for our clients.
Passen brings 40 years of experience in the debt purchasing field to Tiger. Most recently, from 2010 to 2017, he was a principal with Bikaver Group, LLC in Chicago, where he provided consulting services for banks and other financial institutions to value A/R pools. He was also involved in the purchase and co-purchase of portfolios on a deal-by-deal basis.
Prior to that, he was CEO of Steamboat Partners LLC, a Chicago-based start-up focused on purchasing commercial debt from companies that were in liquidation, as well as appraising debt values for banks and other financial institutions. From 2000 to 2007, Passen served as CEO and managed the start-up and operations of a competitor’s receivables practice. The business was sold to Cerberus in 2007.
Earlier in his career, Passen was CEO of debt collection company Abacus Financial Management Services, also in Chicago. He earned a B.A. from the University of Colorado, Boulder.

Mark Naughton serves as Senior General Counsel and is responsible for structuring transactions, negotiating and drafting agreements, counseling the Tiger team on strategic and legal questions and transactions, and supervising outside counsel. He is based in Tiger’s Chicago office.
Prior to joining Tiger, Naughton served as Executive Vice President/General Counsel of Yellen Partners, as well as Senior Vice President/General Counsel of Great American Group. Before joining Great American in 2003, he was a partner in the restructuring group at Piper Rudnick (n/k/a dla Piper) where he was involved in many large bankruptcy cases.
Overall, Naughton has over 25 years of experience representing debtors, trustees, secured creditors, creditors’ committees, and unsecured creditors in bankruptcies, workouts and related litigation. He graduated Magna Cum Laude from Marquette University before obtaining his law degree from Northwestern University School of Law in Chicago
Elaine Hughes is a Board of Advisors member for Tiger Capital Group. Hughes, who founded E.A. Hughes & Company in 1991, brings decades of experience as a strategy and executive recruiting consultant for top retailers and consumer products companies. Earlier in her career, she gained extensive experience in the textile industry, through positions at Springs Industries, Malden Mills and Blue Ridge Winkler.
A frequent source for national business media, Hughes serves on the board of the Charles F. Dolan School of Business of Fairfield University and is a three-term board member of Women in Management, where she initiated The WIM Scholarship Fund and the WIM Mentorship Program. Hughes serves on the advisory Board for Broadcrest Asset Management and Spring Creative (the former Springs Mills) and is on the Board of Directors for The Wilson College of Textiles (part of NC State), Runway of Dreams in NYC and Turning Point, the largest facility in Union County housing women escaping domestic violence.
She also served on the advisory board of the Global Fashion Management program at the Fashion Institute of Technology’s School of Graduate Studies and was a founding member of the New York Textile Group, formerly known as the New York Textile Board of Trade. A long-term member of Fashion Group, she also belonged to the American Apparel & Footwear Association.
Irene Rosen Marks is a Board of Advisors member for Tiger Capital Group. Marks brings over 35 years of banking experience, including 25 years working with retail and consumer products companies in roles in sales, underwriting, credit and relationship management.
She recently retired as a Managing Director and head of Consumer and Retail Corporate Banking at Wells Fargo. Additionally, her past positions include leading retail finance originations for Wells Fargo Capital Finance. Over the course of her career, Marks has led diverse teams and managed a broad portfolio of clients—from healthy to distressed, and from startup to large cap and investment grade.
She has been heavily involved in multiple M&A transactions, as well as management issues related to strategy-setting, compliance and regulatory reporting, recruiting and retention, and DE&I.
Michael P. Muldowney is an Advisory Board Member for Tiger Capital Group. He is founder and managing member of advisory firm Foxford Capital LLC and managing member of Waterville Investment Partners.
As senior managing director and CFO of Gordon Brothers Group from 2014 to 2018, he served on the four-person executive and investments committee, oversaw the appraisal division, and worked with all business units on initiatives related to finance, corporate strategy, human capital, IT, and facilities. Muldowney led the successful investment in the company by Stone Point Capital in April 2018. He serves on the board of Veritiv Corporation and is a board advisor to Botho Emerging Markets Group.
Muldowney was EVP/CFO and interim CEO of Houghton Mifflin Harcourt (formerly Houghton Mifflin), where he led the company’s $4 billion acquisition of Harcourt as well as a successful $7.4 billion out-of-court restructuring. He ran and helped found Nextera Enterprises, and, earlier in his career, filled partner and/or executive roles at Oliver Wyman and Marsh & McLennan Companies.
Daniel R. Schwarzwalder serves as an Advisory Board member for Tiger Capital Group. He is a retired senior managing director and senior partner, having spent over twenty years at Buckingham Capital Management. Mr. Schwarzwalder was responsible for the consumer hedge fund specializing in the retail, apparel and footwear industry.
He also brings to Tiger more than 26 years of retail industry experience. He was a senior merchant and member of management at Abraham & Straus, a division of Federated Department Stores. In addition, he served as President and CEO of Mothercare Stores Inc. and Chernin’s Shoes. Schwarzwalder earned a B.A. in mathematics from Queens College of the City University of New York as well as an M.B.A. in marketing from The Wharton Graduate School of the University of Pennsylvania.
He serves on the boards of the Retail Marketing Society and Wharton’s Jay H. Baker Retailing Center. In addition, he is a member of the executive board of The Weill Cornell Council of New York Presbyterian Hospital and on the national board of American Friends of Magen David Adom (AFMDA).
