Desmond to lead equipment financing activities for the business bank team’s Cleveland district
SUPERIOR, CO. – April 20, 2015 – Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY), today announced it has promoted Mark Desmond to equipment finance officer, business banking team. In this role, Desmond will lead equipment financing activities for the Cleveland district.
“Through the Sales ACT rotational program, Mark has gained a wide variety of experience to prepare him for this role,” said Scott C. Edwards, senior vice president, for Key Equipment Finance. “I look forward to working with him to deliver superior equipment financing services in the Cleveland area.”
Previously at Key Equipment Finance, Desmond was a sales associate participating in the full-time comprehensive training program designed to accelerate sales and finance skills in the equipment financing industry.
Desmond has a bachelor’s degree in accounting from Siena College.
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 41 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 $9 billion in assets and originates $4.8 billion of equipment financing annually. For more information, visit http://www.keyequipmentfinance.com.
About KeyCorp
KeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation’s largest bank-based financial services companies, Key had assets of approximately $94 billion at December 31, 2014.
Key provides deposit, lending, cash management and investment services to individuals and small and mid-sized businesses in 12 states under the name KeyBank National Association. 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.