Old Hill Partners Hires Ray as Head of Finance

Mar 21 2016 | 6:07pm ET

Private debt specialist Old Hill Partners has appointed former GE Capital executive Shila Ray as its financial officer.

Ray will be responsible for overall finance and fund accounting functions at the company, according to a statement. He has also been named to the firm's investment committee. 

Ray has over 20 years of experience in finance leadership roles. He served as CFO and in various global leadership positions for businesses within GE Capital, and has extensive experience in scaling up enterprises and has been instrumental in leading the finance function for various global and domestic operations. After GE Capital, Shila served as CFO of an alternative finance provider and was a senior consultant with companies in the middle market leasing and alternative financing space. 

Shila started his professional career at KPMG in their assurance and forensic accounting practice group. He is a chartered accountant with a Bachelor of Commerce degree from Delhi University, India.

"We're excited to welcome Shila to Old Hill Partners," said John Howe, Founder and CEO of Old Hill Partners, in the statement. "His broad experience across multiple elements of GE Capital, as well as his extensive knowledge of middle-market alternative finance, makes him an ideal addition to our team as Old Hill embarks on our next phase of growth."

Founded in 1996 by former Nomura executive John C. Howe, Darien, CT-based Old Hill Partners is an SEC-registered investment adviser specializing in alternative investment management and customized asset-backed lending transactions with primarily middle-market companies.

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