Hudson’s Element Eyes Manufacturing Finance Market

The Globe and Mail notes in a story that financier Steve Hudson is adding to his new venture a key member of the team that fuelled the fast growth of his first multi-billion company, Newcourt Credit Group.

Element Financial announced earlier this week that Bradley Nullmeyer will be joining the company as a senior executive and will be leading the new company’s expansion into vendor finance.

It was vendor finance that drove the growth at Newcourt Credit, bringing in most of the company’s assets by the mid-1990s as Newcourt set up programs for huge manufacturers such as Dell Computer.

If Element can pull off something similar, the addition of Nullmeyer could mark a new shift to faster growth at Hudson’s newest company, the Globe and Mail said.

To read the Globe and Mail article click here.

Previously on monitordaily: Element Financial Names Nullmeyer President NA Operations, published August 15, 2012