Balboa Capital BDM John Hirsh Passes Suddenly

John (Jack) Hirsh, one of Balboa Capital’s longest tenured sales and business development managers in its commercial vehicle dealer division, passed away unexpectedly in Cincinnati.

“It is with a heavy heart that I announce the passing of my great friend and colleague Jack Hirsh,” said Phil Silva, president of Balboa Capital. “Those of us who have been fortunate to know and work with Jack have lost an amazing mentor and caring leader who brought unmatched experience in commercial vehicle dealer financing to Balboa Capital for close to eight years, along with a willingness to listen and help where he could. More than anything, Jack was kind and caring, and a man of strong character who invested in all those that came in contact with him. On behalf of our management team and employees, we extend our deepest sympathies to Jack’s wife Joan and their family and friends at this difficult time. Jack will clearly be missed and remain in the hearts of all of us at BalboaNation.”

Prior to his time at Balboa Capital, Hirsh spent close to 50 years in the equipment finance business working for companies like The Associates, CitiCapital and Key Equipment Finance.

BMO Harris Promotes Rhodes to Head of Equipment Finance Syndications

BMO Harris Equipment Finance promoted Lance Rhodes to head of Equipment Finance Syndications. Rhodes will be based in  Denver and report to Tom Sbordone, managing director and national sales manager.

“We are thrilled to have Lance in this expanded leadership role. The Equipment Finance Syndications segment of our business has always been an integral component to our overall growth strategy. We’re excited about the opportunity to grow this aspect of our business even further under Lance’s guidance, and we are confident that we’ll continue to be able to provide exceptional service and support to our investor partners,” Sbordone said.

Rhodes will be responsible for leading the Equipment Finance Syndications team, a national team focused on the origination of indirect equipment lending and leasing transactions. Reporting to Rhodes will be Tom Tazioli, senior vice president of Equipment Finance Syndications, Jeff Enoch, senior vice president of Equipment Finance Syndications, and Dan Grafenauer, vice president of Equipment Finance Syndications.

Rhodes has nearly 20 years of corporate finance experience and has spent the past four years working as director of Syndications for BMO Harris Equipment Finance. Prior to joining BMO, he spent 12 years with GE Capital, where he most recently held the position of senior vice president, Capital Markets.



TIAA Promotes Montgomery to Oversee Healthcare EF Platform

Kimberly Montgomery was named vice president, Healthcare Originations leader for TIAA Commercial Finance at TIAA Bank. Montgomery will be responsible for overseeing the healthcare equipment finance platform and client relationships and will report to Justin Tabone, senior vice president and originations group leader for TIAA Commercial Finance, who formerly managed the healthcare division.

Key Equipment Finance Promotes Martin to VP, Leasing & Vendor

Key Equipment Finance promoted Jen Martin to vice president of leasing and vendor program support. Martin will oversee the newly combined leasing programs and vendor performance teams, which includes the company’s NextGen project. Martin’s team will also be responsible for business systems improvements, vendor onboarding and performance and leasing effectiveness, among other programs focused on customer interaction.

Miller, McGuigan Join Dext Capital Credit Team

Dext Capital added Chris Miller as senior credit officer and Kyle McGuigan as junior credit officer. Miller has an extensive background in credit with Bank of the West, U.S. Bank and, most recently, at Umpqua Bank, where he was responsible for underwriting equipment finance requests up to $15 million. 

Curtis Joins Wintrust as AVP of Direct Originations

Wintrust Commercial Finance appointed Mike Curtis assistant vice president of direct originations. Curtis has more than 20 years of equipment finance and leasing experience, with an emphasis on originating large-ticket finance transactions. He will be based in Irvine, CA and report to Robert Harris, vice president of the West region of WCF.

Clark Joins MUL Railcars as Regional Vice President

Thomas J. Clark joined MUL Railcars, a subsidiary of Mitsubishi UFJ Lease & Finance Company, as regional vice president. Clark brings more than 30 years of experience in the broader rail industry to MULR. For the past 20 years, he served with Chicago-based GATX, most recently as vice president of Sales, managing the Midwest regional sales team

CIT Names Gifas Head of Treasury Services

James J. Gifas joined CIT Group as the head of Treasury Services and will serve on CIT’s Executive Management Committee. He will manage the treasury and cash management product portfolio across the commercial and consumer businesses.

Stern, Naumann Join Dext Capital as VPs



Healthcare leasing experts Brad Stern and Justin Naumann joined the Dext Capital team, both as Sales vice presidents. Stern comes to Dext from Wells Fargo and Marcap, where he was a top sales producer in the healthcare space for more than two decades. Naumann was a sales representative at First Financial for 15 years, where he supported the underserved financing needs of hospitals and medical practices in the New York and New Jersey areas.

Flowers to Lead Wells Fargo Strategic Execution & Operations Office

Wells Fargo formed a new Strategic Execution and Operations Office, which is focused on achieving operational excellence across businesses to enable the company to execute more effectively against its regulatory priorities and further drive transformation. Derek Flowers, a 21-year company veteran, will be head of the new office. Flowers is an executive officer, a member of the company’s Operating Committee and reports to interim CEO and President Allen Parker.

Stowe Joins CSC Leasing Company as Regional Director in Atlanta

CSC Leasing Company, a provider of equipment and technology leasing options, hired Jordan Stowe as a regional director to support its growth in the Southeast Region. He will be based in its new Atlanta office. Stowe will be responsible for originating new lease transactions, managing existing client relationships and growing CSC Leasing’s presence in the Southeast.

Wintrust Specialty Finance Hires Calkin as New COO

Cary Calkin joined Wintrust Specialty Finance as senior vice president and chief operating officer, based out of the Irvine, CA office. Cary will join a national team led by David Normandin, CLFP, president and CEO, and work alongside Chris Maudlin, CLFP, chief credit officer, and Chelsea Wood, CLFP, vice president and funding manager.

ServisFirst Expands in Florida, Hires Veteran Team from Synovus

ServisFirst Bank expanded into Southwest Florida with the hiring of five seasoned local bankers, including experienced professionals in business development, portfolio management and equipment financing. The new team will be located in Sarasota, with Mario Bringas serving as president of the Southwest Florida market. Joining him will be Senior Vice President and Senior Commercial Banker Brent Dykstra, Vice President and Commercial Banker Ryan Riley, Vice President and Commercial Banker Oscar Montalvo, and Portfolio Manager Tom Villemaire.

Stout Promoted to Equipment Finance Sales Associate at Commerce Bank

Commerce Bank promoted Ashley Stout to equipment finance sales associate. She will work in the bank’s Municipal Equipment Finance group to prepare proposals and originate, approve, document and fund/close all equipment finance lease transactions for municipal customers.

VFS Names Rybring Managing Director for Canadian Market

Volvo Financial Services appointed Jonas Rybring managing director for the Canadian market. Rybring brings 23 years of cross-functional skills and experience in sales, marketing, credit and operations to his new role. He joined VFS Russia in 2011 as managing director, was named service center director of VFS Central East in Warsaw, Poland in 2015 and since 2017, has served as managing director of VFS Central East North in Poland. 



Radtke Named Chief Communications Officer of MUFG Americas

Eva Radtke joined MUFG as managing director and chief communications officer of MUFG Americas. Radtke will be based in New York and report to Mike Thom, chief corporate administrative officer. In this new position, Radtke will lead the communications function for MUFG Americas, which serves individual, corporate and institutional clients in the United States, Canada and Latin America. 

Park Joins Crédit Agricole CIB New York Transportation Group

Crédit Agricole CIB appointed Cecilia Park as its managing director, Transportation Group – Americas. Park will be based in New York and report to Brian Bolotin,  head of the Transportation Group for the Americas. Park brings extensive experience in transportation and commercial finance sectors having worked at Morgan Stanley in the Global Capital Markets, UBS Investment Bank in the Global Structured Transportation Finance Group, and most recently, City National Bank in the Structured Finance Group.

Roberts Succeeds Burke as President/CEO of HSBC USA

HSBC has appointed Michael Roberts to succeed Patrick Burke as president and CEO of HSBC USA. Burke will be retiring in October 2019. Roberts will join HSBC after 34 years at Citigroup, where he has been chief lending officer and global head of Corporate Banking and Capital Management since 2010. 

Tristate Capital Equipment Finance Hires Sentementes & Shilling as VPs

Nick Sentementes and Ray Shilling joined TriState Capital Bank as vice presidents, relationship managers of equipment finance. Sentementes will be responsible for new business development and market growth in New York City and the surrounding areas. Shilling will be responsible for new business development and market growth in the Eastern Pennsylvania and Southern New Jersey regions.

McQuade Joins TD as Regional President for Northern New England

TD Bank named Sheryl L. McQuade regional president for Northern New England, covering Maine, Vermont and New Hampshire. McQuade will lead TD Bank’s Northern New England retail, small business, commercial and middle-market banking operations and lending services throughout a network of approximately 130 stores and 4,300 employees. 

Minielly Replaces Fox on Sterling Board of Directors

Sterling Bancorp appointed Tom Minielly to its Board of Directors, where he will serve on the Audit and Risk Management Committee. Minielly replaces Jon Fox who has resigned from the board concurrent with his retirement. With the appointment of Minielly, Sterling’s board remains comprised of nine directors, five of whom are independent.

Tammaro, Sundal Join BMO Harris Bank ABL Group



BMO Harris Bank’s Asset-Based Lending group hired Brian Tammaro as managing director and Scott Sundal as director. Tammaro and Sundal will lead BMO’s coverage efforts in the Northeast and Southeast regions of the country for prospects, customers and private equity sponsors that utilize asset-based financing.

MUFG Appoints Yeo to Global Advisory Board

MUFG appointed George Yeo, a former Singaporean minister for Foreign Affairs, to its Global Advisory Board. Yeo served 23 years in the Singaporean Government as minister for Information and the Arts (from 1990 to 1999), Health (from 1994 to 1997), Trade & Industry (from 1999 to 2004), and Foreign Affairs (from 2004 to 2011). After his retirement from politics, he entered the business world and became chairman of Kerry Logistics Network.

Commerce Bank’s Hill Elected to AGLF Board of Directors

Frank Hill of Commerce Bank was elected to the board of directors of the Association of Governmental Leasing and Finance. Hill previously served as the organization’s vice president, president and chairman. Hill is a 20-year veteran of the industry, who is recognized by his peers as an expert by electing him to these leadership roles. He has served as the director of Municipal Finance for Commerce Bank for the last nine years.

Saligram to Step Down as Ritchie Bros. CEO

Ravi Saligram, CEO and board member of Ritchie Bros. Auctioneers, informed the board of directors that he will step down from his positions. The board will conduct a thorough search for Ravi’s successor and has engaged a leading executive search firm to assist in the process, which will consider both external and internal candidates.

Crestmark Adds Four to Equipment Finance Division

Crestmark made four new appointments in its equipment finance division: Jeremy Borkowski, managing director, corporate finance; Douglas Lee, director of pricing; Melissa Perkins, counsel; and Randall Pundzus, regional vice president.

Gallagher to Lead Wells Fargo European Banking Platform

Wells Fargo named Fiona Gallagher as its new chief executive officer for Wells Fargo Bank International Unlimited. She will be based in Dublin and report to John Langley, president of Wells Fargo’s Europe, Middle East and Africa region, and the WFBI Board of Directors.