Credit acquisition company hires vice chairman

Texas-based JTS Capital Group has appointed Carl Chaney to focus on new loan acquisition and portfolio management.  

JTS Capital Group, an alternative credit acquisition and management company, has brought on Carl Chaney as vice chairman, a new position. He is focusing on new loan acquisition sourcing and portfolio management. Chaney has 29 years of business leadership experience. 

Most recently, he was chief executive officer, president and director of Hancock Holding Company, the 32nd largest US bank holding company and the parent company of Hancock Bank and Whitney Bank. Chaney has held a variety of roles at the firm over his 17-year tenure there.  As chief executive from 2006 to 2014, he oversaw Hancock’s growth in book equity from $0.6 billion to $3 billion and in total assets from $5.9 billion to $20.7 billion.  Previously, he was executive vice president and chief financial officer from 1998 to 2006.

“We are thrilled to welcome Carl to the JTS team. Having led significant growth at Hancock, particularly during the 2008 credit crisis and through the acquisition of Whitney Holding Corp, he possesses invaluable experience in the financial services sector,” Jim Sartain, chief executive at JTS, said in a statement. “Carl will play a key strategic role at JTS, identifying new investment opportunities as well as funding strategies,” Sartain added.

“The environment for acquiring loans and loan-related assets from commercial banks and other financial institutions is robust, and we believe it will continue to present a range of highly attractive opportunities,” Chaney commented. “I am eager to begin working with the team at JTS to identify new prospective investments as well as helping to secure additional equity and debt funding.”

Chaney also serves on the board of directors of Mississippi Power Company, where he is chairman of the compensation committee and a member of the controls and compliance committee. He also served on the board of directors of the Federal Reserve Bank of Atlanta, New Orleans Branch, having recently completed his final term.

JTS Capital Group is an alternative asset acquisition and management company. The firm’s primary goal is to acquire and manage loans, loan related assets and real estate in the US and Europe, as well as the purchase of entities or interests in entities engaged in the financial services industry. The firm is based in Waco, Texas.

JTS Capital Group and Avista Finance partnered together in November 2013 to acquire and manage distressed assets and invest in operating companies in the specialty finance sector, according to the firm’s website. Avista Finance is an affiliate of Avista Capital Partners, a private equity firm with $5 billion under management, which provides financing and capital to the venture.