Renew Financial names Gannesh Bharadhwaj President

November 9, 2014

Oakland, CA - Renew Financial, regarded as one of the most innovative clean energy finance companies in the world, announced today that Gannesh Bharadhwaj has joined the company as President. Bharadhwaj will help lead the company's operations and sales across all of its core financial products.

Bharadhwaj is a proven executive with a distinguished global career spanning over 20 years in financial services and management consulting. Bharadhwaj's career includes leading many divisions within HSBC, including senior roles managing consumer loan, auto loan, and credit card products in the U.S. and abroad. Most recently, he led the Retail Bank and Wealth Management business for HSBC in India. Under his leadership, HSBC India successfully turned around the business to profitability and positioned it for future growth. Prior to this position at HSBC India, Bharadhwaj was head of the Consumer Assets business for HSBC in Asia Pacific where he managed one of the largest consumer loan portfolios in the region. Bharadhwaj also served as Managing Director of HSBC's U.S. Co-branded Cards business where he led efforts to significantly ramp up new partnership programs and receivables growth. During his stint at Household Auto Finance, Gannesh led the efforts to reposition the company in the existing dealer channel business, while building and scaling the direct-to-consumer and partnership businesses. "Gannesh's deep experience in financial services and his success leading high-growth financial products will help accelerate Renew Financial's already impressive work helping homeowners make clean energy, energy efficiency, and water-saving improvements," said Cisco DeVries, co-founder and CEO of Renew Financial. "Our company is dramatically expanding our PACE program and is launching new unsecured lending in the coming year. Gannesh is an outstanding addition to the company and we are excited to welcome him aboard." "I am honored to join a talented team that has developed innovative solutions to promote sustainable practices," said Bharadhwaj. "Renew Financial has pioneered groundbreaking financial solutions and I'm thrilled to be a part of the company's successful future." Gannesh joined the executive team on November 3 at the company's Oakland headquarters.

About Renew Financial

Founded in 2008, Renew Financial is based in Oakland, California and specializes in innovative financing for renewable energy and energy efficiency. The firm's CEO, Cisco DeVries, created the Property Assessed Clean Energy (PACE) financing model and the firm is recognized as the national leader in clean energy financing. It has provided clean energy financing and services across the United States.