Callidus appoints credit veteran Patrick Dalton as interim CEO

Toronto-based specialty lender Callidus Capital Corp (TSX: CBL) has appointed Patrick Dalton as interim CEO, effective November 5. Dalton has more than 25 years of experience in private credit markets, most recently in several leadership positions at Fifth Street Asset Management. Before then, he was founder, president and CEO of Gordon Brothers Finance Co and held senior executive roles at Apollo Investment Corp and Goldman Sachs. Dalton is taking the new job to help position Callidus for growth and manage the medical leave of CEO Newton Glassman. Glassman is also managing partner of Catalyst Capital Group, Callidus' majority owner.

30 October 2018•6 mins read
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