Ygrene Energy Fund hired Stephen Tich as chief operating officer of the Santa Rosa-based originator of property-assessed clean energy, or PACE, loans.
He fills the role left by Mike Cary, who has become the firm’s first chief revenue officer.
Before joining Ygrene, Tich was COO of global insurance at Hong Kong-based HSBC, leading insurance operations and IT across 15 countries in Asia, Latin America and Europe.
Ygrene’s PACE program grew more than 200 percent last year, the company said. The addition of Tich will enable the company to accommodate this ongoing growth. Ygrene runs PACE loan-origination programs in 328 communities in California, Florida and a few other states.
“Maintaining consumer confidence is essential for PACE administrators, such as Ygrene, since our primary mission is to deliver financing options to consumers that go beyond those available through traditional financing sources,” Tich said. “I’m pleased to have joined Ygrene to build on the strong foundation that has already been created.”
Both Tich and Cary will report to Rocco Fabiano, president and CEO.
“We are extremely pleased to have the benefit of these two seasoned financial services executives, as we support local governments in their mission to add jobs, promote microinfrastructure investments and provide a cleaner environment,” Fabiano said.
Ygrene Energy Fund is the nation’s second-largest provider of residential, multifamily and commercial PACE financing.