Alliance Funding Group (AFG) appointed Barry Shafran as chairman. Shafran was the founder, CEO and Director of Chesswood Group, as well as the CEO of Pawnee Leasing, until 2020. During his tenure, he oversaw almost 20 years of consistent growth in earnings and portfolio.

Shafran brings a diverse background that includes managing all aspects of a public equipment finance business. His expertise spans driving growth and profitability, developing and executing strategic initiatives, risk management, treasury operations, fundraising in both private and public markets, investor relations, strategic mergers and acquisitions, and the oversight and guidance of management teams.

“AFG has grown significantly over the past five years, including the emergence of our on-balance sheet portfolio across both small ticket and middle market segments, with $750 million-plus in AUM. As we continue that growth, Barry will bring to AFG his considerable experience in risk management, portfolio growth, strategic planning, and team building,” said Brij Patel, CEO of AFG. “I look forward to working with Barry in building a formidable specialty finance company while maintaining the culture of AFG. This culture has been instrumental to our success in attracting best in class talent.”

AFG has funded over $3 billion in equipment leases, loans and working capital to more than 25,000 customers since 1998 and is ranked as one of the fastest-growing independent leasing companies in the US.