Sumitomo Mitsui Finance and Leasing New York Branch (SMFL-NY) has added Kevin McLaughlin as senior vice president, Asset Management. In this role McLaughlin will be responsible for oversight and management of all collections and asset management activities at SMFL including delinquency management, repossessions, establishing equipment values, managing the end of lease process for company assets and the remarketing process for all collateral.
McLaughlin comes to SMFL-NY from Navistar where he spent 20 years working for its captive finance company. Most recently, he served as director, Dealer Credit and Operations where he was responsible for the dealer risk management process for Navistar’s dealer network. His experiences at Navistar include roles of increasing responsibility in credit, operations and sales which make him well qualified for this new opportunity.
“We are thrilled to welcome Kevin to SMFL-NY. His extensive knowledge and great leadership experience will be a great asset for the team and we are sure that he will lead us to the next level,” noted Yasuhiro Maei, managing director of SMFL-NY.
SMFL is one of the largest equipment finance companies in Japan, with $58 billion total assets as of March 31, 2020.
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