NEW YORK, September 2, 2014 – Jeffrey Scott Whitcomb of Batavia, IL has been hired as Senior Vice President and Executive Director at Sumitomo Mitsui Finance and Leasing. Mr. Whitcomb is a veteran of 16 years in the equipment leasing and finance industry. Mr. Whitcomb started his career as one of three founders at Captive Capital Corporation – one of the first web platforms for managing multi-lender vendor finance programs. He then led business development for the C&I team at De Lage Landen Financial Services. Finally, Mr. Whitcomb helped lead continued growth at People’s Capital and Leasing Corporation as they expanded their construction and transportation portfolios coming out of the financial crisis.

Most recently, Mr. Whitcomb led the development of one of the nation’s largest providers of Compressed Natural Gas (“CNG”) for the trucking industry. ampCNG completed projects for Pepsico Frito-Lay, Dairy Farmers of America, and Subaru of Indiana Automotive. While there, his team created innovative lease programs for the larger and more costly CNG fueled class 8 tractors.

SMFL will be entering the construction and transportation segments just as industry growth kicks into high gear. The business has an initial team of 25 people and will grow to 85 over a three year period. The business will focus primarily on vendor originated business and will participate in syndications and portfolio acquisitions.

The new business is located at 277 Park Avenue, New York, NY 10172 and has a branch office at 951 Mariners Island Boulevard, Suite 300, San Mateo, CA 94404.