Capital for Merchants Hires New President: Capital for Merchants LLC, an industry leader in the merchant cash advance business and a partner of Troy-based payment processing leader North American Bancard, announced the company has hired Jeff Bankowski as its new president. Bankowski previously served as vice president at Asset Acceptance Capital Corp., a large publicly traded specialty finance company focused on corporate strategy, sales, analytics, marketing and shared service operations. Prior to his five-year tenure at Asset Acceptance, Jeff was the chief accounting officer for Teksid Aluminum, a global technology leader in the automotive space. He has also worked for British Petroleum; U.S. audit, tax and advisory services firm KPMG; and futures exchange leader CME Group. A registered CPA, Bankowski is also certified in internal auditing and risk management assurance. He has been a board member of the Detroit Institute of Internal Auditors since 2009 and served as its president in 2012. He graduated from the University of Michigan Business School in 1993 with a BBA in Corporate Strategy and Finance. He also holds an MBA in Change Management Consulting from DePaul University. More at http://www.capitalformerchants.com.