Mr. Marblestone brings to Cascade Partners more than 25 years of experience in capital markets and advising middle market businesses. Most of his career has been in middle market commercial banking where he was involved in more than $1.5 billion in debt and equity transactions; and he led teams that managed over $2 billion in assets.
Mr. Marblestone began his career at National Bank of Detroit and advanced from a Commercial Credit Analyst to a Senior Vice President leading wealth management offices in Detroit and Grosse Pointe, Michigan. While at National Bank of Detroit and its successor company, Bank One, he was selected to begin new business lines in consumer banking and wealth management. He was a commercial real estate banker in Detroit and on the East coast. Following his experience at Bank One, he was president and part owner of iCap Realty Advisors, a commercial real estate mortgage banking firm. The iCap team cultivated relationships with commercial real estate owners and found the best sources of capital for its clients by creating strong relationships with bank and conduit lenders nationally. During Mr. Marblestone’s 30-months at iCap, loan production grew from $100 million to $300 million. He managed all aspects of the business including loan origination and sales, balance sheet management and cash flow forecasting.
Upon joining Charter One and RBS Citizens ($127 billion in assets), Marblestone was charged with creating and building the commercial bank in Michigan. In this role he began three specialized banking teams (healthcare and not-for-profit, private banking and professionals banking) and created $5 million in profit in three years from inception.
Mr. Marblestone and his family moved to Cleveland in 2009 when he was promoted to President of Charter One and RBS Citizens Ohio for Ohio. There he led a 15-person leadership team including retail, consumer lending, and all commercial business lines. In that role he increased revenue per FTE from $600,000 in 2011 to $900,000 in 2013 and grew the middle market banking portfolio from $450 million to $600 million. Before leaving Charter One and RBS Citizens at the end of 2013, he was promoted to President of the Ohio and Michigan markets.
Ken has been an active participant in a variety of community organizations. He serves on the executive committee and co-chairs the finance committee at Lawrence School. He is also a member of the allocation committee at the Cleveland Jewish Federation and a former investment committee chair and current board member of Cuyahoga Community College. Prior to 2015, he was chairman of the Village Capital Board of Directors. He also served as co-chair for the Cleveland Foodbank’s Harvest for Hunger and is a member of the finance committee for the Greater Cleveland Partnership.
Ken is an avid snow skier and has 3 daughters. He received his undergraduate degree from Albion College and his MBA from Michigan State University.