XS Financial Expands Capital Markets Team with Strategic New Hires: Steele, Mitchell, and Grisamore

LOS ANGELES, CA / ACCESS Newswire / May 7, 2025 / XS Financial Inc. ("XS Financial", "XS", or the "Company") ,a leading provider of equipment financing solutions serving middle-market storied credits, today announced the strategic expansion of its capital markets team with three senior hires: Michael Steele as Manager, Capital Markets Originations; and Andy Grisamore and Undrae Mitchell as Credit Managers. These appointments significantly enhance XS Financial's capabilities and reinforce its commitment to excellence within capital markets and credit operations.

Michael Steele brings substantial expertise and deep equipment finance industry relationships, focused on originations. Steele's successful track record in capital markets and credit, gained through roles at prominent institutions including Hancock Whitney, Capital One, and JP Morgan Chase, will help drive new business and expand the firm's capital markets capabilities.

Andy Grisamore and Undrae Mitchell join XS Financial's Credit team as experienced underwriters. They bring over 40 years of expertise from leading financial institutions such as Truist, CoBank, BMO, and Huntington Bank. Grisamore and Mitchell will significantly enhance XS Financial's ability to evaluate and underwrite a greater volume of transactions, positioning the firm to manage increased deal flow and close more transactions effectively.

"We are excited to welcome Michael, Andy, and Undrae to XS Financial," said Antony Radbod, Chief Operating Officer. "These strategic hires bring a depth of knowledge and transaction experience, underscoring our commitment to being a trusted partner to our capital markets relationships. We look forward to leveraging their combined experience and deep industry relationships within the market as we grow and continue delivering exceptional service and reliability to our capital markets partners."

These appointments align with XS Financial's broader strategic initiative to strengthen its presence in capital markets, optimize operational efficiencies, and deepen relationships with key stakeholders within the equipment finance industry.

About XS Financial

Founded in 2019, XS Financial is a sponsor-owned equipment finance company specializing in mid-to-large ticket leases for businesses across the United States and Canada. Backed by Axar Capital Management and Mavik Capital Management, XS Financial delivers flexible financing solutions that empower companies to acquire essential-use equipment while conserving working capital. By combining proven financing structures, efficient processes, and exceptional customer service, XS Financial tailors leasing programs to meet each client's unique needs. This commitment to innovation, quality, and deep industry expertise positions XS Financial as a trusted partner for middle-market businesses seeking to optimize their equipment investments and drive sustained growth.

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SOURCE: XS Financial