Changing Places

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Sterling Associates recently named James Velez assistant vice president and sales manager at the company's Fort Lauderdale office.

Velez's 32 years of experience in marine lending give him "an unparalleled knowledge of the industry. Jim also has a great deal of underwriting experience, as well as expertise in customer service," Sterling president Tom Smith said in a statement.

"I'm excited to join the Sterling team just as the pace of yacht financing is starting to pick up," Velez said in a statement. "Brokers and dealers who refer their clients to Sterling are trusting their buyers to the people with the most experience in the industry - experts who always deal with their clients in the most professional manner."

Massachusetts-based Sterling Associates is a financial services firm that provides financing, insurance and documentation services for boats, recreational vehicles and manufactured homes.