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Area business briefs, July 10, 2016

John Tracey named bank#x2019;s managing director

WATERBURY gt;gt; Webster Bank recently named John Tracey as managing director, and senior relationship manager for the Commercial Bank#x2019;s Sponsor and Specialty Finance group. In this position,

Tracey is responsible for originating and executing senior secured credit facilities for private equity sponsors and middle market companies across all sectors of the healthcare industry. He reports to Andre Paquette, managing director and co-head of the Sponsor and Specialty Finance group.

Tracey brings 20 years of finance and banking related experience to Webster. Previously, he was managing director and head of Healthcare risk management at Varagon Capital Partners, a middle market asset management firm. Prior to that, he was director at CIT Healthcare where he held leadership roles in risk and origination. Tracey began his financial services career at GE Capital where he assumed several roles of increasing responsibility across their consumer and corporate finance lending platforms.