Santander Bank announced that Vincent Belcastro has been appointed as the group head of equipment finance. He will be responsible for growing the team and business focused on financing activities for equipment lending, leasing, and structured finance on a national scale. The team will employ a direct calling approach, establish an institutional buy-side strategy, and service its large corporate and middle market banking clients.

“We’re excited to have Vincent lead our equipment financing group,” said Cameron Letters, managing director and head of commercial banking at Santander. “He brings years of industry experience that will attract new clients and reinforce our equipment finance product offering for existing clients. This fully complements our strategy to support our clients across a number of key product lines.”

Belcastro comes to Santander with more than 25 years of experience in secured financing and leveraged finance, primarily in the risk management-related areas of the corporate middle market arena. A senior secured credit professional and expert structuring specialist, he has held management positions at CIT Group, Citibank, Republic National Bank and Bankers Trust (Deutsche Bank).

“Given Vincent’s extensive background in the industry, we are pleased he chose to join us,” said Juan Davila, head of specialty banking at Santander. “With his experience and the global reach and tremendous resources of Santander, we are in a great position to provide both advice and financing to support all of our clients’ equipment needs.”