Executive Profiles

Call to the Bullpen: Labrozzi Comes Back to Aircraft Finance at Global Jet Capital

Fewer than two years after retiring from GE, Dave Labrozzi is back in the thick of things with Global Jet Capital, the aircraft finance firm that acquired GE Capital’s corporate aircraft portfolio earlier this year. As the team from GE Capital and the legacy staff at Global Jet Capital continue to merge, Labrozzi and the Global Jet Capital leadership are charting a course for international success.... read more

All for One and One for All: Wintrust’s Unique Makeup Builds Quick Success

As a new entrant to the Monitor 100, Wintrust Asset Finance is now in the company of the heavy-hitters in the equipment finance industry, even if it’s not organized the same way as its new peers. President and CEO Mike Knowles explains how Wintrust’s unique structure and entrepreneurial culture have powered its ascent.... read more

Growing in Unity: How Washington Federal Dodged Silos, Increased Numbers

Washington Federal Regional President Michael Brown assumed his title at a time of great transition: the bank had just acquired 75 new locations throughout its eight-state bank footprint, 13 of which were in the state of Arizona, which he oversees. After working to unify more employees and getting everyone working together on a regular basis, Washington Federal’s personal approach to equipment financing helped the bank land in the Monitor 100.... read more

Operating With Integrity: CIT Leverages Industry Expertise to Achieve Customer Trust

Eric Miller has been building CIT Capital Equipment Finance’s direct originations platform, assembling a team of customer-focused industry experts that provide custom-tailored solutions. Leveraging its risk culture and industry-domain knowledge, CIT is serving markets that others may find challenging while maintaining its status as a best-in-class organization and a trusted advisor to its customers.... read more

Embracing Change & Creating Opportunity: Kelly Takes the Reins of Wells Fargo Vendor Financial Services

Wells Fargo recently named GE Capital veteran Jim Kelly group head of Vendor Financial Services. In a Q&A with Monitor, Kelly discusses the process of integrating the vendor businesses of GE and Wells Fargo, his father’s contagious optimism and his hope for attracting bright and diverse talent to the equipment finance industry.... read more

Changing the Narrative: VAR Technology Finance Makes Its Name Known

After nearly three decades in business, VAR Technology Finance has seen some major changes and gone through some of its own. Luckily, that has gone hand-in-hand with strong growth. CEO Gary Sutton discusses the company’s rebranding, success in 2015 and the next big frontier.... read more

Rising Above Regulation: Ascentium Stands By Small Business

Faced with losing small business customers due to regulatory requirements, Tom Depping yielded Main Street Bank’s charter in 2011 and launched Ascentium Capital, an independent finance company that caters to the needs of its small business clients. After five years in business, Ascentium has surpassed Depping’s initial goal for the company and achieved 56% year-over-year growth in new business volume last year.... read more

Seizing Opportunity: Crossroads Celebrates a Decade of Determination

Launched in 2006 with the sole purpose of financing titled equipment, Crossroads Equipment Lease and Finance has expanded to become Crossroads Capital Group — a company that now also syndicates loans through First Continental Capital Group and provides solutions for small businesses through Crossroads Small Business Solutions. Celebrating its 10th anniversary this year, Crossroads President Jeff Macartney attributes the company’s success to its tenacity.... read more

Starting From Scratch: Fosmark Leads Celtic’s Equipment Finance Venture

After building Continental Bank from the ground up for 12 years, Michael Fosmark goes back to the drawing board as president of Celtic Bank’s Equipment Finance Group. In his first few months, he has assembled a team of staff members, established a basis for future growth and anticipates exploiting Celtic’s already strong position in the national SBA lending space as a catalyst for expansion.... read more

Explosive Success, Disciplined Approach: Wintrust’s Swift Ascension

Since its inception in April of 2015, Wintrust Commercial Finance has made major waves in the equipment finance industry. President and CEO Kirk Phillips details the company’s growth both in terms of volume and personnel, while outlining the exciting things on the horizon for the new venture.... read more

There and Back Again: Paulhus Comes Home as Citizens Rhode Island President

Marc Paulhus discusses his dual role as president of Citizens Asset Finance and Citizens Bank Rhode Island president, a position that has brought him back to his home state where Citizens dominates in market share. During a 30-year career, Paulhus says he’s learned that the equipment finance industry is resilient.... read more

Discipline, Strategy and Customer Relationships: Balancing Risk & Reward in a Competitive Environment

Lisa A. Miller catches up with four industry leaders who discuss the current economic environment, industry sentiment and pending regulations. They say discipline, strategy and customer relationships are essential to maintaining a profitable balance between risk and reward in a market where competition threatens to disrupt that balance.... read more

Shifting Lanes: Partridge Keeps Clients at the Center in New Role

After nearly two decades with Fifth Third, Tom Partridge is taking on an entirely different role as leader of the bank’s Equipment Finance division. Despite the change of scenery, he has set some lofty goals, saying he wants to make his new unit the best retail bank leasing company in the U.S.... read more

Tied with Golden Thread: Stonebriar Aims for Well-Rounded Diversification

Dave Fate and Paul Bossidy share the story of Stonebriar Commercial Finance and their plans to build the startup into a diversified commercial finance company. With the GE Capital divesture announced one week after Stonebriar’s launch, conditions in the underserved middle-market playing field are the best they have seen in 30 years.... read more

The Rise of Element Financial: How Data Driven Services are Transforming the Equipment Finance Industry

Monitor publisher, Jerry Parrotto, catches up with Steve Hudson and Brad Nullmeyer of Element Financial. Driven by innovation, opportunity and a customer-centric business model, Element has quickly risen from a small regional player to one of the largest fleet management and equipment finance companies in North America. Hudson and Nullmeyer share their story of success and provide a peek of what lies ahead.... read more

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Terry Mulreany
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