Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY), today announced the expansion of its technology team and innovative technology finance products as the company rolls out a comprehensive strategy to meet the equipment finance needs of the technology sector.
Ernie Morales and Jennifer Specht joined Key Equipment Finance as technology finance vice presidents based out of the San Francisco Bay Area. Morales and Specht bring extensive experience in technology sales and financial services and will be responsible for growing and building Key Equipment Finance’s technology vendor relationships in Silicon Valley and the Bay Area.
Kevin Quarantello joined the Key Equipment Finance technology sales team as vice president, service providers. Quarantello’s responsibilities include delivering finance solutions to large IT and telecom service providers and global systems integrators (GSIs), many of whom are making a shift toward providing and financing managed services solutions for their end-user customers. He brings more than 25 years of technology sector experience to the role and will be based in Norwalk, Connecticut.
Key Equipment Finance also promoted technology finance veteran Shawn Arnone to vice president, wholesale sales leader for the technology team. Arnone brings more than 25 years of sales, customer relations and managerial experience to this position. In his new role, he will lead a team of program management and account executive professionals focused on delivering best in class wholesale vendor finance products to manufacturers, captives and independent finance organizations throughout the U.S.
“Technology finance is a critical component of Key Equipment Finance’s overall business strategy, and we have been methodical in selecting a team that can deliver our products and solutions to current and prospective clients in this market,” said Joseph Pulicano, senior vice president of technology at Key Equipment Finance. “We have developed an entire business strategy around enhancing the value we bring to our technology clients, particularly as more companies make the shift to managed solutions, and I look forward to working with my team to deliver on that strategy.”
Key Equipment Finance also provides innovative financing solutions designed to help meet the changing needs of today’s technology companies. The financing solutions support a variety of managed services structures which enable technology providers (OEMs, resellers and service providers) to deliver the “as-a-service” solutions that their customers increasingly demand. A purchase order financing option allows clients to utilize a purchase order for transactions that meet certain criteria. The company’s consumption model service provides maximum flexibility when financing infrastructure related assets such as storage and network solutions.
“Intangible assets and services are increasingly part of today’s technology equipment acquisitions, and we are committed to providing forward-thinking financing solutions to help meet the changing needs of our technology clients,” said Pulicano. “I’m excited to have the right team in place to deliver our portfolio of technology financing solutions that is now more innovative and more flexible than ever before.”
Key Equipment Finance offers equipment financing and business leasing solutions to a range of business types and industries. Learn more at www.keyequipmentfinance.com.
About Key Equipment Finance
Key Equipment Finance has been in the equipment finance business for 43 years and is one of the largest bank-based equipment finance providers in the U.S. The company provides tailored equipment lease and finance solutions for commercial clients and government entities. Through its manufacturer and vendor alliances unit, equipment finance programs are developed for manufacturers, distributors and resellers.
Key Equipment Finance’s specialty finance group includes a specialty finance lending team, which provides structured facilities to various sectors of the specialty finance market, and a lease capital markets team to support corporations looking to optimize risk and revenue. Headquartered outside Denver, Colorado, Key Equipment Finance manages nearly $11 billion in assets and originates more than $5 billion of equipment financing annually. For more information, visit http://www.keyequipmentfinance.com.
About KeyCorp
KeyCorp's (NYSE: KEY) roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $136 billion at September 30, 2016. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.