Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY), announced that Amy Gross and Peter Bullen have expanded leadership roles and have been promoted to executive vice president. Gross will lead Key Government Finance and Commercial Vendor, which now aligns the company’s government and commercial vendor capabilities. Bullen will lead Bank Channel and Clean Energy, which now encompasses Key Equipment Finance’s direct business and specialized clean energy expertise.
“It is my pleasure to announce the promotion of both Amy and Peter and to bring more of our capabilities under their leadership,” said Adam D. Warner, president of Key Equipment Finance. “We are always looking for ways to better meet the needs of our clients, and by aligning our commercial vendor and government operations we will be able to provide a broader client offering to manufacturers and distributors, as well as federal and municipal governments.”
Aligning clean energy with the bank channel will also help the company better serve these markets. “While developing manufacturer programs will still be a top priority for Key Equipment Finance’s clean energy team, closer alignment with the bank channel will help meet the increasing demand for developer and direct business originations in the clean energy sector,” said Warner. “Additionally, this new alignment will create greater synergies with the KeyBanc Capital Markets Utilities, Power & Renewable Energy group.”
Gross joined Key in 2009 and was named vice president of Key Government Finance in 2016. Bullen joined KeyCorp in 1992 and was named senior vice president of the bank channel in 2009.
About Key Equipment Finance
Key Equipment Finance has been in the equipment finance business for 45 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 commercial vendor 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 capital markets team to support corporations looking to optimize risk and revenue. Headquartered outside Denver, Colorado, Key Equipment Finance manages nearly $13 billion in assets and originates nearly $6 billion of equipment financing annually. For more information, visit http://www.keyequipmentfinance.com.
About KeyCorp
KeyCorp's 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 $141.5 billion at March 31, 2019. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of over 1,100 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.
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