Nunn to Lead Franchise Team at Chase
JPMorgan Chase recently announced that Clarence Nunn will join the firm to lead the continued middle market expansion strategy in the Southeast and to manage the franchise finance business for Chase’s Middle Market Banking & Specialized Industries team.
Nunn joins the firm after 24 years with GE, most recently heading up GE Capital Franchise Finance, where he led the divestiture of the franchise finance portfolios as the company was winding down its GE Capital finance businesses. Nunn will be based in Charlotte, North Carolina, succeeding Mark Bensabat, who will retire next year after more than 35 years in the banking industry.
Chase is focusing on expansion of middle market offices in the Southeast, and Nunn’s “expertise and experience will bring tremendous value to our business and his deep knowledge of the franchise industry makes him well suited to build upon our efforts in this space,” said John Simmons, head of Chase Middle Market Banking & Specialized Industries.