Hitachi Capital America’s Mark Duncan was promoted to executive vice president and general manager of the company’s commercial finance business. He will lead all major corporate development initiatives.

In his newly expanded role, Duncan will lead Hitachi Capital America’s strategic planning and have the responsibility of growing the company’s core businesses across North America via acquisitions, equity investments and/or partnerships. He will continue to oversee the company’s five commercial finance divisions: Business Finance, Structured Finance, Funding and Portfolio Services, Trade Finance and Vendor Finance.

“Mark’s new position is indicative of his exceptional performance and keen business strategy,” said Hitachi Capital America President and COO Ryan Collison. “He’s been a key driver behind the growth and success of our Commercial Finance division and I’m confident that with his vision and execution, we will continue to see exceptional results.”

Duncan joined Hitachi Capital America in 2014 as the general manager of Structured Finance and was later promoted to senior vice president and general manager of Commercial Finance. He was previously with GE Capital, where he held roles of increasing responsibility, with the last being managing director of Corporate Development, where he helped grow the company’s corporate finance business through acquisitions, joint ventures and investments through the sourcing, structuring, negotiating, closing and integration of strategic transactions.