ROCHESTER, NY, JUNE 30, 2022—The Alta Group announced today that Kevin P. Prykull, a recognized industry expert in credit risk management, has joined the global advisory firm and will be helping clients develop credit risk management strategies including appropriate risk profiles, best practices and managing the impact of rising inflation.
Prykull is an equipment leasing and finance professional experienced in all major aspects of the industry, working in bank, captive, and independent leasing companies. Most recently, he held the position of senior vice president and credit underwriting executive at PNC Equipment Finance, the nation’s third-largest bank leasing company with a portfolio in excess of $18 billion.
His responsibilities there included managing credit underwriting, approval and portfolio functions for the leasing and equipment financing subsidiaries. He oversaw the bank direct segments and specialty businesses within the equipment finance company such as corporate aviation, municipal, alternative energy, structured finance, Canada, syndications, operating rail and vendor finance. Prykull led the risk assessment team for each leasing company or lease portfolio acquired by PNC and successfully integrated newly acquired businesses including National City Bank Leasing (NC4), Aviation Finance Group (AFG), Town and Country Leasing and ECN Vendor Finance into the bank.
While at PNC for more than 30 years, Prykull developed and continuously improved the credit platform and processes and prided himself on maintaining an exceptional working relationship with outside and internal regulators and auditors.
“Kevin is one of the industry’s leading experts when it comes to credit risk management and his acumen will be valued by our clients especially now as equipment leasing and finance companies navigate the highest inflation rate in decades,” said Valerie L. Gerard, co-CEO of The Alta Group.
“I am very excited to be joining The Alta Group and look forward to this new opportunity to engage with such incredible talent and consummate professionals,” Prykull said.
Prykull is a longtime member of the Equipment Leasing and Finance Association (ELFA) and has held leadership roles on its Credit and Collections Planning Committee and its conference. He also is responsible for the association’s Credit Managers Survey and is involved in summarizing the annual publication of the Survey of Equipment Finance Activity. In 2013, the ELFA honored him with the Distinguished Service Award.
A Certified Lease and Finance Professional, Prykull is active in the CLFP Foundation, holding past and present leadership roles including current chair of the Body of Knowledge and Recertification committees. He is a sought-after Subject Matter Expert for credit and risk matters and in 2021 received the foundation’s Cindy Spurdle Award of Excellence for his significant contributions to the industry.
Earlier in his career, Prykull was affiliated with Senstar Capital Corp. and Joy Manufacturing Co. in Pittsburgh as well as Amembal, Deane & Associates in Salt Lake City. Kevin is an adjunct professor in finance at Duquesne University. He is frequently quoted in the Monitor, ELFA’s Equipment Leasing & Finance magazine and has participated in numerous webinars and podcasts on credit and risk management.
He holds a BSBA in accounting from Duquesne University and an MBA from Robert Morris University. He resides in his native city of Pittsburgh PA with his wife, Karen.
About The Alta Group
The Alta Group is a trusted global advisory firm exclusively dedicated to equipment finance since 1992. Its interdisciplinary team of advisors approaches every client engagement with agility, with the future in focus, best practices in mind and a deep understanding of various sectors and market trends. The advisors, many former C-suite executives, provide “real-world” strategies for banks, independents, captives, and OEMs, Fintechs, service providers and other commercial finance enterprises in asset finance.
For information on the group’s services in the United States and Canada, Latin America, Europe, the Middle East and Africa, China and Asia Pacific, visit www.thealtagroup.com and follow the firm on Twitter @thealtagroupllc.
Media Contact:
Susan Carol, APR 540-847-1804 sca@scapr.com