M&T Bank Expands Commercial Equipment Finance Group
M&T Bank has appointed a team of experienced equipment financing specialists to management roles in order to grow its Commercial Equipment Finance Division. The bank has also developed a transactional sourcing desk to acquire equipment financing transactions.
M&T named John Wolfe director of Business Development, where he will oversee the organizational sales team serving commercial clients within the bank’s footprint and develop the group specializing in acquiring equipment financing transactions. He has been with M&T Bank for 33 years, spending the past 11 years in the Commercial Equipment Finance Group.
Reporting to Wolfe will be Scott Weissmann, group manager responsible for direct originations within M&T’s regional markets, and Mark Adiletta, group manager responsible for renewable energy and transactional business for a nationwide platform.
Weissmann’s career spans 30 years, including 12 years of experience at M&T Bank holding various positions, including equipment finance representative, commercial banking senior relationship manager, and sales manager.
M&T also appointed Doug Simon to head of Equipment Management and Lou Zachman to director of Risk Mitigation. Both have more than 20 years of experience in equipment finance.
“M&T Bank has a 160-year track record as one of the nation’s top performing regional banks. We’ve built strong relationships with customers across our retail bank footprint, and these steps to begin financing more commercial equipment nationally is a natural evolution for this business,” said Frank Campagna, group vice president for Equipment Finance at M&T.
Former ELFA Chairman Rick Wolfert Passes
Frederick “Rick” Eugene Wolfert, 64, passed away peacefully on April 9, 2019 at St. Mary’s Good Samaritan Hospital in Greensboro, GA.
Wolfert had a long and distinguished career in the equipment finance industry. He was an active volunteer for both ELFA and the Equipment Leasing & Finance Foundation. He served on the Foundation’s Board of Trustees in 1998 and served as ELFA Chairman in 2001.
After graduating from Louisiana State University, he worked for Proctor and Gamble and Connecticut General before joining US Leasing. He held executive-level roles at US Leasing, KeyCorp Leasing, Heller Financial, GE and CIT Group. In 2007, Wolfert partnered with a private equity firm to start his own commercial finance company. He named the firm “Tygris” in honor of his and his wife Holly’s LSU experience. He most recently served on the board of Stadion Money Management.
A celebration of his life was held on April 13 at Lake Oconee Church in Greensboro.
Joe Woodley, Leasing & Specialty Finance Veteran, Passes Away
Leasing and specialty finance industry veteran Joe Woodley passed away April 2nd, 2019, after a brief illness. Woodley had previously been named one of the “Top 25 Most Influential People in Leasing” and will be missed by his many friends throughout the industry.
LEAF Commercial Capital Promotes Four to Senior Vice President
LEAF Commercial Capital promoted Bill Gallagher, Sandy Graydus, Mike McKie and Paul Tyczkowski to LEAF’s executive leadership team as senior vice presidents.
TIAA Promotes Tabone, Sweeney to SVPs in Commercial Finance
TIAA Bank promoted Michael Sweeney to SVP, Strategic Vendor Programs for the Commercial Finance Division, and Justin Tabone to SVP, Originations group leader for the Commercial Finance Division.
Wells Fargo Equipment Finance Promotes Collier to CAO
Wells Fargo Equipment Finance promoted Scott Collier to chief administrative officer. He assumes the role previously held by James Dore, who was recently named WFEF chief credit officer. Collier will be based in Minneapolis.
Hoeffner Joins Cass Commercial Bank as Director of Equipment Finance
Cass Commercial Bank formed a new division focused on financing equipment purchases for businesses, not-for-profit organizations, and municipalities through capital and municipal leases. The bank appointed Senior Vice President George Hoeffner to lead this new effort.
Hamel, Elliott Join Dext in Capital Markets, Sales
Industry veterans Donna Hamel and Ken Elliott joined the Dext Capital team as VP of Capital Markets and VP of Sales, respectively. Hamel will focus on building relationships with qualified finance companies and banks within the industry, while Elliott will be responsible for providing financing solutions to healthcare providers throughout the country.
GE Capital Vet Rex Joins Encina Equipment Finance as Managing Director
Wren Rex joined Encina Equipment Finance as managing director of Business Development for the Northeast Region. She will be based out of the company’s new headquarters in Westport, CT and report to Rick Matte, president and chief commercial officer.
Keys, Clemens Join Crossroads Direct Sales Team
Crossroads Equipment Lease and Finance added Russell Keys as director of Business Development – Transportation Finance and Pat Clemens as director of Business Development – Structured Finance on the Direct Sales team. Keys will be based in Dallas, while Clemens will work out of San Francisco.
Lamb Joins Sertant Capital as CFO
David L. Lamb joined Sertant Captial as SVP, chief financial officer. He will be based out of Sertant’s Utah office and report to CEO Dan Krajewski. Lamb will oversee the financial planning, financial reporting, and operational controls of the company.
Bivins Joins Sertant Capital as EVP, Sales and Business Development
Michael K. Bivins joined Sertant Captial as EVP, Sales and Business Development. He will be based out of Sertant’s corporate headquarters in Newport Beach, CA and report to CEO Dan Krajewski. Bivins will lead all aspects of the application-
only and structured finance divisions of the company.
CSI Hires Industry Veteran Hamilton
Industry veteran, Matt Hamilton, has joined CSI Leasing as VP. He will be responsible for lease origination throughout the U.S., with an emphasis on global opportunities. Hamilton brings 30 years of equipment finance and banking experience to CSI.
Odessa Appoints Mehra as CTO, Hires Abraham as COO
Odessa expanded the company’s executive leadership to position itself for the next phase of growth and innovation. Co-founder, Jay Mehra, transitioned from his current chief operating officer role to the newly created role of chief technology officer, while Mathew Abraham joined Odessa as the new COO.
Tiger Capital Group Promotes Eight Executives to Managing Director
Tiger Capital Group has promoted eight executives to the position of managing director: Bruce Armbruster in Marketing; Andy Babcock in Capital Solutions; John Cronin in Planning and Analysis; Ryan Davis in Appraisals; Arnold L. Jacobs in Field Operations & Merchandising; Ana Leon in Operations and Jason Rae and Fred Raccosta in Business Development.
Patrick Joins Ampil as Business Development Executive
Industry veteran Heather Patrick joined Ampil as a business development executive. She will be based in Austin, TX and be responsible for the South-Central region, where she will be committed to extending the benefits of Ampil’s holistic and client-focused approach to financing programs
Carlson, Schiffer Join Credibility Capital Senior Management Team
Fintech platform Credibility Capital surpassed $100 million in lending to small businesses across the country and added two new members to the senior management team, hiring Dennis Carlson as chief risk officer and Jordan Schiffer as head of Engineering.
Freeman Joins Maxim Commercial Capital
Dana Freeman joined Maxim Commercial Capital as director of Broker Relations. In his new role, Freeman will manage relationship with finance brokers located nationwide, facilitating hard asset-secured financing in amounts up to $3 million for their clients.
RVI Names Egan, McGroarty as Co-CEOs
Douglas H. May retired from his role as RVI Group CEO, which he held since 1997. Under May’s tenure, RVI became the preeminent insurer of residual values, having profitably insured more than $76 billion in asset values. Daniel Egan and Michael McGroarty will succeed May as co-CEOs, while May continues on in an advisory capacity and remains a member of RVI’s Board of Directors.
Muramoto Tapped as Jackson Square Aviation Chair
Osamu Muramoto will succeed Naoki Sato, managing executive officer of Mitsubishi UFJ Lease & Finance, as the next chairman of aircraft lessor Jackson Square Aviation, effective June 1, 2019. Muramoto, managing executive officer of MUL, previously succeeded Sato as head of MUL’s Aviation Business Unit.
Rasch Joins Everlasting Capital as Finance Manager
Everlasting Capital appointed Justin Rasch finance manager
of its Business Development team. In this role, Rasch will focus on adding new clients, vendors, and partners to the company and be based out of company’s headquarters in Rochester, NH.
Capital One Appoints Segal Managing Director/Market Manager in New York
Wendy Segal joined Capital One as managing director and market manager for the New York Metro Regional Commercial Banking group. Segal will report to Lou Mastrianni, head of Northeast Regional Commercial Banking.
Mahmood Promoted in CIT’s Commercial Services
Amna Mahmood has been promoted to managing director, national underwriting manager, in CIT’s Commercial Services business. In her new role, Mahmood will be responsible for managing and supervising underwriters across all geographic regions and will report to Commercial Services President Marc Heller.
Capital One Appoints Raisig to Long Island Commercial Lending Team
Gary Raisig joined Capital One’s Middle Market Banking group on Long Island as an SVP and relationship manager. Raisig will report to Miriam Tanenbaum, head of Long Island and Queens Middle Market Banking, at Capital One’s Long Island headquarters in Melville.
B. Riley Financial Names Merriman Sr. Managing Director/CBO
B. Riley Financial named Jon Merriman senior managing director and chief business officer. This is an expanded role for Merriman, who was previously head of Capital Markets for the firm’s broker-dealer subsidiary, B. Riley FBR.
Centers, Machado Join Sertant Capital as Business Development VPs
Grant Centers and Hank Machado joined Sertant Capital as VPs in Business Development. They will focus on mid- and large-ticket structured financing as well as application-only vendor financing. Both Centers and Machado will be based in Washington state and report to EVP, Sales and Business Development, Michael Bivins.
Kern Joins Capital One as Director of West Coast FB&A Team
Capital One named Mak Kern director of its Food, Beverage & Agriculture specialty banking team, which specializes in leveraged lending and full-service corporate banking to private, public, and sponsor-backed companies across the entire food value-chain.
North Mill Equipment Finance Names Hohl SVP, CIO
North Mill Equipment Finance appointed Craig Hohl SVP, chief information office. Jennifer Khan was named the company’s controller. Hohl will report to North Mill’s chief operating officer while Khan will report to the CFO.
Macquarie Appoints Alden Co-Head of Aerospace, Defense and Government Services
Macquarie Capital appointed Timothy Alden as a managing director. Alden will co-head the firm’s aerospace, defense and government services coverage alongside co-head Jeremy Parker. He joins Macquarie Capital from Jefferies, where he led that firm’s coverage of aerospace, defense and federal companies.
Miller Joins Tiger Group as Senior Director of Appraisals
Industry veteran Matthew Miller joined asset valuation and disposition services provider Tiger Group as senior director of Appraisals. He will be responsible for the daily operations of the firm’s comprehensive consumer and industrial asset appraisal practice, directing annual valuations totaling $30 billion.
Ritchie Bros. Appoints Jeter, Taylor to Executive Roles in North America
Ritchie Bros. named Jeff Jeter president, Upstream & Emerging Businesses, North America and Kari Taylor chief sales officer, U.S. Regions, as part of an organizational realignment intended to prioritize the build-up of the Upstream segment of the used equipment disposition market, implement a new field sale go-to market model and profitably scale the Government business.