Heritage Global Valuations (HGV), a division of Heritage Global Inc., an appraisal and liquidation firm, recently announced the appointment of Ray Chen to lead business development initiatives in the Midwest region, according to a release.

This strategic appointment reflects Heritage Global Inc.'s broader commitment to expanding its footprint in key markets, enhancing client engagement, and driving long-term growth in line with its corporate objectives.

In his expanded role, Chen will be primarily responsible for driving new business development efforts in the Midwest while continuing to support the team in his role as an inventory appraiser for HGV, the company stated.

His expertise will further enhance HGV’s commitment to delivering value-driven corporate and financial asset solutions for its clients.

"I’m excited to take on this expanded role and focus on strengthening relationships with financial institutions, corporations, and industry partners throughout the Midwest," Chen said in the release. "HGV has a strong reputation for delivering best-in-class asset solutions, and I look forward to growing our presence in the region and providing our clients with strategic valuation and monetization expertise."

Chen joined Heritage Global Valuations in 2022 and has nearly a decade of experience in the asset valuation and advisory services sector. Prior to HGV, he worked at a nationally recognized appraisal and asset liquidation firm, where he gained extensive experience in industrial asset valuation.

He also held roles as finance manager and financial analyst, where he developed deep financial expertise and honed his skills in corporate finance, strategic analysis, and valuation methodologies.

Chen’s strong foundation in financial analysis, inventory appraisal, and data-driven strategies has enabled him to deliver insightful, accurate valuations and innovative solutions to clients across a wide range of industries, from industrial manufacturers and food processors to e-commerce retailers.

"Ray’s exceptional analytical skills and commitment to delivering high-quality valuation services make him an invaluable asset to our team," Michael Aho, executive vice president of Heritage Global Valuations, said. "His leadership will not only drive HGV’s growth in the Midwest but also support Heritage Global Inc.’s broader mission of providing top-tier asset solutions to our clients nationwide."

Mike Goldstein, executive managing director of HGV, shared his thoughts.

Ray’s client-first approach and commitment to building strong relationships make him an invaluable asset to HGV,” Goldstein said. “He understands the unique challenges our clients face and is dedicated to delivering solutions that drive real value. His leadership in the Midwest will be instrumental in expanding our reach and reinforcing HGV’s reputation for exceptional service."