Nations Equipment Finance appointed Susan O’Donovan as chief financial officer. O’Donovan joins Nations with more than 15 years of asset management experience and 10 years of structuring and securitizing specialty finance portfolios.
O’Donovan was most recently with Castleton Commodities International as the executive director, head of controller project management and strategic initiatives. Her past experience includes controllership and treasury roles with asset managers Plainfield Asset Management, Wexford Capital and Smith Management. She was also involved in the growth and public offering of ContiFinancial, which serviced a $20 billion portfolio of consumer and commercial loans. She also served as the manager of financial reporting for GE Capital and began her career as an auditor for PriceWaterhouse.
“We are excited that Sue O’Donovan has joined our company as chief financial officer,” said Phil Carlson, CEO of Nations. “Her 25 years of finance and controllership experience along with her experience in the securitization market is going to be of great value to our company. We are glad that she is part of the Nations team.”
The recent deluge of state commercial financing disclosure laws designed to mimic consumer-style truth-in-lending statements raises interesting policy considerations as it relates to the inclusion or exclusion of equipment leasing and finance transactions.1 In particular, of all the relevant laws... read more
Working capital, an indicator of a business’s short-term financial position, is calculated as a business’s current assets minus its current liabilities, indicating the liquidity levels for managing its day-today expenses. A working capital loan is either a lump sum or... read more