Though companies have been preparing for ASC 842 and IFRS 16, the new lease accounting standards, for three years, it’s only in 2019 that they’ve started to go into effect. It’s therefore no surprise they dominated the conversation at the ELFA Lease and Finance Accounting Conference, held this past September in Chicago.
BY JOHN BOBER
A CHANGING OF THE GUARD
In an attempt to discover the new breed of leaders who will carry our industry forward in the coming years, Dexter sat down with five current industry leaders under the age of 50. In a brief Q&A, this article provides insight into their leadership style, how they see themselves differently from traditional business leaders, and what advice influenced them most over their careers.
BY DEXTER VAN DANGO
THE EVOLUTION OF AN INDEPENDENT
There has been a flurry of M&A activity recently as large banks and captives have snapped up successful independents. Dale Kluga, President, Providence Equipment Finance, (formerly of Cobra Capital) looks at his own journey from independent to bank-owned and asks other executives from independents and former independents about their own evolutionary experience.
BY DALE KLUGA
INDEPENDENTS: The Innovators of Today & Tomorrow
The size and market share of independent finance and leasing firms will fluctuate with the economic cycle, but the sector will always play an important role in the industry. Our industry’s $1 trillion size combined with the wide variety of equipment users’ requirements, creates multiple segments and a plethora of opportunities for creative entrepreneurs to disrupt and innovate.