News

ABL Aviation Promotes O’Donnell to CFO

ABL Aviation, a global independent aircraft asset management firm, promoted Eileen O’Donnell to the role of CFO from her role as financial director. O’Donnell previously worked at the Maples Group. read more

Commercial Chapter 11 Filings Increased 105% in May

According to Epiq Bankruptcy, commercial Chapter 11 filings increased 105% in May 2023 to 680 versus the 332 filings in May 2022. Nearly half of the Chapter 11 filings were made by corporate subsidiaries. read more

Baystone Government Finance Launches New Website

Baystone Government Finance launched a new website to connect equipment vendors, brokers, communities and select nonprofits with tax-exempt municipal leases and other financing options for essential equipment and real property. read more

Air Lease Announces Lease Placements of 4 Airbus A220 Aircraft with Czech Airlines

Air Lease announced long-term lease placements for four new Airbus A220-300 aircraft with Czech Airlines. All four aircraft are scheduled to deliver to the European airline in 2024 from Air Lease’s order book with Airbus. read more

Class 8 Truck Orders Bounce Back in May with 10% Y/Y Increase

According to ACT Research, preliminary North American Class 8 net orders bounced back in May with 15,500 units, up 10% year over year and 29% month to month, while preliminary Classe 5-7 orders surged 27% year over year with 19,000 units (up 3% month over month). read more

XS Financial Promotes Vuong to CFO

XS Financial, a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, promoted Justin Vuong to CFO, replacing Stephen Christoffersen. read more

QuickFi Wins Best Embedded Finance System for Lending at 2023 Banking Tech Awards

QuickFi by Innovation Finance USA recently won the award for Best Embedded Finance System – Lending at the 2023 Banking Tech Awards USA by Finovate. read more

Trustmark Adds Tazioli as SVP and Equipment Finance Indirect Originator

Trustmark hired Tom Tazioli as senior vice president and equipment finance indirect originator. Tazioli has more than 40 years of equipment finance experience, including 24 years in capital markets. read more

Inovatec Systems Appoints Harder Chief Product Officer

Inovatec Systems, a provider of cloud-based software solutions for lenders, hired automotive lending veteran Paul Harder as its chief product officer. Harder most recently served as vice president of auto finance and unsecured lending at CIBC. read more

Aviation Capital Group Hires Li as VP of Aircraft Trading

Aircraft lessor Aviation Capital Group hired Sylvia Li as vice president of aircraft trading. Li previously served as senior vice president of aircraft trading at BOC Aviation, based in its London office. read more

Equipment Auction Company Yoder & Frey Expands Team

Yoder & Frey, a heavy equipment auction company, hired Mike Thurston as senior vice president for the United States and Jeff Schatz as sales manager for Florida and the Eastern Seaboard. read more

Wells Fargo Advisors Hires Simmons as New Head of National Sales

Wells Fargo hired Barry Simmons as the new head of national sales for Wells Fargo Advisors. In this role, Simmons will lead Wells Fargo Advisors’ sales and business development team in the United States. read more

Momnt and ROOFLE Launch Embedded Financing Solution for Roofing Industry

Momnt, a financial technology company specializing in real-time lending and payment solutions for businesses, entered a partnership with ROOFLE to launch Contractor Loan PRO, a financing solution that will enable roofing contractors to provide their customers with direct payment options. read more

APPROVE Receives $3MM in Series A Funding, Plans to Triple Workforce

APPROVE will bring as many as 50 new technology jobs to Wilmington, NC, in the coming months after completing a $3 million Series A funding round with support from Cofounders Capital, Live Oak Ventures and VentureSouth. read more

Wingspire Equipment Finance Appoints Vasilakos Senior Managing Director of Indirect Group

Wingspire Equipment Finance appointed Tom Vasilakos senior managing director of its indirect group. Vasilakos has more than 35 years of experience in the equipment finance industry, with knowledge across technology, healthcare, industrial and capital markets. read more

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