David A. Ward joined SMBC Leasing and Finance, Inc. Group in 1991 and has spent the last two decades building the business into an international enterprise with an established presence in the U.S. and the UK, as well as expansion plans extending to Australia. Ward says he’s mindful of global challenges as he works to bring a broader array of bank products to his customers.... read more
Michael Urquhart has served at People’s Capital and Leasing since its inception in 1997. This year, he became the president and CEO, following the retirement of Vincent Cianciolo. With 17 years of experience at the company adding to his diverse background, Urquhart sets his sights on strong leadership in a growing market in 2014.... read more
Since being named the president/CEO of U.S. Bank Equipment Finance in April 2014, Cracchiolo has set his sights on underserved asset classes and a dominant place in the marketplace. In coming months, he plans to use economic growth to bolster company momentum in the industry.... read more
In a Monitor exclusive, CSL Leasing's founder and chair Ken Steinback tells the story of the company's unassuming start and successful growth, first in the U.S., then around the world. As for working in the dynamic IT industry, he welcomes the constant changes because they result in more equipment purchases — and more financing.... read more
A member of the original group that launched Huntington's equipment finance unit in 2001, new president Mike DiCecco explains that being completely integrated within the bank's overall strategy and offering unbiased solutions to commercial clients are key differentiators in a competitive marketplace.... read more
When BBVA Compass decided to establish a new equipment finance unit, it turned to 30-year industry veteran Mark Marinik and his Cleveland-based team to strategically fill the gap in the bank's product offerings.... read more
With the equipment finance business now under his wing, John Goldthorpe, who has been heading Chase's ABL unit for nearly 12 years, leads his team in creating a strategic dialogue between the two businesses in order to serve as a comprehensive resource for their clients' growth plans.... read more
Monitor contributing editor Howard Brod Brownstein spends time with Michael Gay, group head of NXT Capital Equipment Finance, to discuss the goals, organizational structure and go-to-market strategy of the recently launched unit.
First American Equipment Finance CEO Bill Verhelle reflects on the company's acquisition by the 23rd largest bank in the U.S. and notes how the combination of FAEF's unique distribution model, similar corporate cultures and having access to capital has "dramatically exceeded" his expectations. ... read more
In an exclusive interview with the Monitor on the one-year anniversary of his appointment as president of Signature Financial, Walter Rabin talks about his transition to Signature Bank and how his team of senior executives are now functioning under a new platform where the focus on the client is “relentless.” Joseph J. DePaolo, the bank's president and CEO, joins the conversation to discuss the search for a specialty finance team.... read more
GreenRock Capital was launched with a focus on alternative energy transportation equipment financing. However, as GreenRock co-founder Steve Alexander explains, challenges in the niche led the company to expand into older transportation equipment that banks typically avoid funding and to include non-investment grade companies.... read more
John Evans joined Bank of the West in 2005 to manage its vendor finance business. This year, he became the leader of the bank's Equipment Finance Division upon the retirement of Jerry Newell. Building on his predecessor's success, Evans' goal is to become one of the top five vendor finance companies in the U.S.... read more
Since joining Capital One's equipment leasing and finance unit in June 2012, Dan McKew has been leading the group in a new direction that includes larger transactions with upper middle-market and investment grade credits and developing a nationwide footprint.... read more
Approximately a year and a half ago, Equify Financial started with only two people and no office space. Despite its humble beginnings, this new Monitor 100 entrant now posts more than $200 million in annual volume and, at year end, employed more than 20 people. President Pat Hoiby credits the company's achievements to its employees and their dedication to Equify's customers.... read more
Vice President of Financial Services,
Corcentric Capital Equipment Solutions
With wild swings in financial markets, the political landscape changing worldwide, oil production through the roof and the U.S. Federal Reserve increasing interest rates, how should a company adjust its asset financing structures to contend with the uncertainty? Corcentric’s Pat Gaskins suggests using a dynamic financing model that can account for unexpected change over the asset life cycle.
Moritt Hock & Hamroff counsel Theresa Driscoll takes a look at the recent Second Circuit Momentive decision and uses it to examine the importance of clarity in drafting loan documents and understanding what loan documents say, especially when a lender needs to enforce its rights.