Equipment Leasing and Finance Association - Investing Forward

36th Street Capital Partners LLC (“36th Street Capital”), an independent provider of alternative funding solutions for the equipment financing industry, announced the appointment of Jennifer L. Olsen as Senior Credit Analyst effective immediately.  

PRESS RELEASE Automotive Industry Veteran, Bob Otto, President & GM, Automotive Division, of Hitachi Capital America Announces Retirement December 2, 2016: Hitachi Capital America corporation’s President and GM of Automotive Finance, Robert C. Otto, will be retiring from the company in 2017. Bob’s planned departure completes a remarkable 44-year career in the automotive industry, which began at GMC and Chevrolet. Bob created and launched the Automotive Finance Division for HCAC in 2001 and spent 16 years building the business to $700MM in transportation assets and nearly $1B in annual sales. HCAC’s Automotive Finance Division specializes in financing all classes of commercial vehicles, including heavy duty trucks and trailers. Hitachi Capital America’s President and Chief Operating Officer, Ryan Collison, said, “We thank Bob for all of his efforts in building the business and positioning HCAC for continued growth and success. During his tenure he made important contributions to the company while earning wide respect in the automotive industry, as well as across organizations.” Mr. Otto will facilitate the transition of his role to a successor.

Pawnee Leasing Corporation (“Pawnee” or the “Company”), Fort Collins, Colorado, has named Paul J. Phillips as its Business Development Manager

As Regional Sales Manager, Scott Burnett will handle accounts in South Florida, portions of North Florida and sections of southern Georgia and Alabama.

Asset Finance consulting and services partnership Invigors EMEA LLP, the European arm of The Alta Group, today announced that Kieran O’Brien, formerly Operations Director at Cisco Capital EMEAR, has joined the firm as an Associate, based out of Dublin, Ireland.

Axis Capital Rebrands as Amur Equipment Finance

American Lease Insurance Agency Corporation (ALI) is introducing Equipment Insurance Direct (EID), an online insurance resource for small-business equipment lessees throughout the United States. Through EID, lessees can easily obtain property and liability insurance required on their leased equipment at affordable monthly charges from A+ underwriter AGCS Marine Insurance Company. Equipment lease originators and lessors who contract with ALI as EID associates receive fees for providing periodic customer data to ALI to use in marketing EID coverage directly via email and the EID website.

IronPlanet®, a leading online marketplace for selling and buying used equipment and other durable assets, comes to the Pacific Northwest with its first Cat Auction Services Unreserved Public Auction in Portland, OR.

Mick Goik, president and chief operating officer of Crestmark Bank, recently announced the promotions of three employees at its corporate headquarters in Troy: Josh Beauvais was promoted to vice president, special assistant to Chief Credit Officer Mark Matheson; Heather Weir was promoted to assistant vice president, learning and development specialist; and Eric Ball was promoted to operations officer, senior client analyst, and team leader for the Midwest Region.

DLL, a global provider of asset based financial solutions, received two awards during the Leasing Life convention in Paris yesterday. The financial solutions provider received the Vendor Finance Provider and the Sustainability award from Leasing Life, one of the top leasing industry journals in Europe.

CHP Consulting, the makers of Alfa Systems, the number one software choice for asset finance companies worldwide, has announced it is to rebrand. The company will now be known as Alfa, with an exciting new website alfasystems.com launched to accompany the new name.

At the FCA’s Fighting Financial Crime conference in London on 10th November, Chief Executive Andrew Bailey highlighted the role of regulation in the battle against financial crime. Ray Pompon, Head of Information Security, North America and Asia, at Linedata, offers his thoughts.

In addition to serving as Central JDFS Representative covering Texas, Oklahoma, Arkansas, Louisiana and Mississippi, Chris Zeller will manage Advantage Funding’s vocational truck market in Texas and Oklahoma.

Jesse Johnson, senior sales executive at LeaseTeam, Inc., has been elected to serve a two-year term on the Equipment Leasing and Finance Association’s Service Providers Business Council Steering Committee.

So far, in 2016 the auto and asset finance industry has coped well with uncertainty. While forecasts have been trimmed during the year, they have not been cut so savagely as to threaten the sector’s recovery, but continued uncertainty seems likely to have an increasingly damaging effect on the outlook for the industry.

Axis Capital's Malia K. Du Mont Wins Bronze Stevie Award for Female Executive of the Year

Chase will serve as a Sales Manager of the company’s Vocational Truck business, specializing in tow-truck financing.