Kit Menkin’s Leasing News

                   www.leasingnews.org Tuesday, May 28, 2002

Accurate, fair and unbiased news for the equipment Leasing Industry

 

           Headlines----

 

Leasing News Classified Job Wanted Survey

  Siska Named Chicago Chapter Prez of National Funding Assoc.

    US Bancorp Commercial Money Center Portfolio Announcement

           MSM Capital Bulletin Board Complaint Reaction

              This Week In Economic Events

               Debbie Monosson Answers Bob Rodi and Others re: Cry for Education

 

 

### Denotes Press Release

__________________________________________________________________

 

Leasing News Classified Job Wanted Survey

 

Your job wanted ads are great. Many responses. Interviewing now. Thanks a

bunch!

 

jppa100@cs.com

 

 

(Leasing News has found jobs for people unemployed in the leasing

industry.  We have also helped companies find people in all states,

from New York to New Mexico to Oregon to Colorado.

 

 Our first posting was by an  attorney, who found a job in the leasing

industry from our ad right away; less than two weeks.  Others have not been as lucky.  It is a tough market, particularly for middle-management and higher.  It also may be this is “recruiter territory,” where the connections make the difference.

 

Here are the results from the current ads that we polled  who have give

us permission to quote them.

 

 

   From: Stuart M Millard smillard27@juno.com

 

Sales: Boston, MA

Boston, MA (big Patriots' fan) Senior Sales person, 15 years experience, strong vendor program background, middle market concentration Email:smillard27@juno.com

 

 

 Yes, the ad has worked well.  I have had a good many companies

 contact me and I am now in the process of trying to find the right fit.  I

 really appreciate your help.   I think your website gets quite a few

 readers on a daily basis.

 

 By the way I may want to change my ad to say "Big Red Sox fan" 

 instead of the Patriots with the way they are playing now.

 

 Keep up the good work.

 

------------------------------------

 

   From: Peter Kumiega

 PKumiega@peoplepc.com

 

Sales Manager: Hartford,  CT

Director of Equipment Lease Division with credit/collateral evaluation, marketing & operations experience. Simultaneously coordinated efforts to develop new vendor business. Email:pkumiega@peoplepc.com

 

 

To date I have had at  least four inquiries. Unfortunately, no one is hiring on a permanent basis. An "Independent Agent" is all anyone seems to be interested in. I

appreciate the opportunity to display this ad. As I am relatively new to the

industry, I appreciate the support from those that believe in supporting those that

 are trying to further their careers.

 

Your service is invaluable and greatly appreciated.

Sincerely, Peter Kumiega

860-749-6389.

 

----------------

 

  From: DaveSchultz9@aol.com

 

Credit: Hayward, CA.

Versatile/ creative senior financial executive w/ extensive experience in varied areas of the commercial lending environment. Strong written/ oral skills with a results-oriented team-player attitude. Email: daveschultz9@aol.com

 

I am apparently typecast and "overqualified".  It is difficult to even get HR types to consider a seasoned professional who has flexible salary requirements, but would prefer to not relocate due to teenagers in school and a wife with her own business is still valid.

 

Had one "hit" for a position with a big firm in San Francisco, but I don't

want to commute (or work) in SF.

 

--------  

 

 

 

                            Fred Anderson, CLP

 

Senior Management: Hicksville,  NY

Senior equipment leasing and banking executive with credit, collections, marketing and operations experience. Background includes development of new business, risk management and budgeting. Email:FrdA4@aol.com

 

I have not had any results from my ad as yet. I am thinking however of

looking at doing free lance/consulting type work in the equipment leasing

industry rather than pursuing a full time position.

                           

 

-----

 

 

 

Steve Pickens

 

Credit: Mill Valley, CA

Senior corporate officer with financial services credit background. M and A, fund raising and workout expertise. Email:nywb@aol.com

 

One thing I find a little strange is the need for credit people in the investment side of things - yet they don't hire those with operational experience. Most investment analysts seemingly pay little attention to the operational aspects of credits and as

we have seen of late this is a serious shortcoming.

 

----

 

 

  From: SandiDQ SandiDQ@msn.com

 

Legal: Chatsworth, CA

Managing attorney for general corporate and financial services law including: leasing, acquisitions, service agreements, commercial loans, securitizations, workouts and litigation. Email:SandiDQ@msn.com

 

 Ad is still valid, no results.

 

 

------

 

 Mike Brown brown235@bellsouth.net

Phone:    (954)  885-9241

 

Finance: Atlanta, GA

Twenty five plus years experience in middle market lease/ asset based/cash flow transactions. Heavy banking and credit background, with particular expertise in structure and negotiation. Email:brown235@bellsouth.net

 

 

Still looking.  Have had contacts from a couple of the headhunters involved in your 'headhunter value' exchange of a  week or so ago.  I submitted resume; but nothing yet.

 

-----

 

From Danielle Peterson ddpeterson1818@yahoo.com

 

Finance: Birmingham, AL

Admin./International: 10+years global ops mgmt. int. biz admin.w import/export/reg. compliance, global biz development, in, transaction P/L, global recruitment/training/staff mgmt. middle market to Fortune 20 account development. Email:ddpeterson1818@yahoo.com

 

I'm still keeping the faith in the leasing industry...they can kill our companies but not our spirit (as cheesy as this sounds).  As an ex-Comdisco'er, you might want to look at a website www.comdiscoalumni.com which shows the ex-employees exemplifying this positive spirit.  I was fortunate to have left Comdisco on my own terms, but many others were not so lucky.

 

   The ad is still valid (unfortunately).  And I've had no results (also unfortunately).  Thanks for inquiring.      Danielle

 

----------------------

  From: Ted Korpolinski tkorpolinski@ev1.net

 

Sales: Dallas, TX

Director, Business Development for international financial institutions. Global vendor programs with minimum sustainable volume of $24M annually. CFO and Treasury contacts with major technology and energy corporations.Email:tkorpolinski@ev1.net

 

 

I am still seeking a position. I have had two employers inquiries from

this as and that is why I want to make sure that it stays in place until I

secure a job. I will be sure to let you know when I get a job so that the ad

can be removed.

 

-----

 

From: Jim Acee <jim_acee@hotmail.com>

  

Sales Manager: Atlanta,  GA

15 years experience in Small Ticket Vendor Leasing. Managed sales team for eight years in Copiers, Telecom, IT, Construction, Auto Aftermarket, etc. Email:jim_acee@hotmail.com

 

 As you know, jobs for senior management in the

leasing business are far and few between. I am still looking.

 

-----

 

Jim Denhard

kyle90@msn.com

 

Sales: Louisville, KY

I have been in leasing/financing of construction, machine tool, and mfg equipment for 20+ years. Traveled KY, IN, OH and TN.

Email:kyle90@msn.com

 

Thanks to you I have had several calls from brokers wanting me to be an

independent contractor.  Some of these I have worked with, I was really

looking to find a company who wanted to hire me on a salary + basis and have

had no luck at this time.  When it comes to brokers calling the web site is

very effective.

 

 

 

Lisa Renshaw

 

.  Is there a cut off time for running it?  I have had results in that

 6 people have called me to discuss a possible position

 but nothing  has come to fruition.  I would like to keep it going if possible.  If not, I can stop it for a while and come back in later.  Let me know

\

 

 

 

Danielle Peterson ddpeterson1818@yahoo.com

 

Finance: Birmingham, AL

Admin./International: 10+years global ops mgmt. int. biz admin.w import/export/reg. compliance, global biz development, in, transaction P/L, global recruitment/training/staff mgmt. middle market to Fortune 20 account development. Email:ddpeterson1818@yahoo.com

 

Appreciate your kindness.  Perhaps with a glance at my resume you'll understand - as I was recently let go from AmSouth Leasing after relocating eight months ago from Chicago.  So, even times with equity investors aren't that great!!  (And don't

quote me on any of that - lol.)  Perhaps what might help is something that doesn't give me an absolute tie to Birmingham, Alabama...as the market is tough enough and I don't have to be tied to Birmingham as relocation is definitely an option for me.

 

Thanks again, Danielle

 

 

 

matthew antinarelli mantinarelli@yahoo.com

 

Collector: Oceanside,  CA

Collections supervisor, experienced with commercial leasing. motivated, good work ethic, enthusiastic. call (760)941-9209 Email:mantinarelli@yahoo.com

 

 thanks for all you help during that crisis of mine. I have located a job

with Ameriquest Mortgage as a loan officer and this are going well. once again I

appreciate you consideration a guidance. have a great day.---- call me in any one

you know has any mortgage needs at 760-431-4551

 

 

 

---

 

Greg VanDeWalker

vandewalker1@attbi.com

Denver, CO

 

 Thank you for running my classified ad in the last news

 letter. I have already received one good lead. Thanks

 for your great efforts! However, I am starting my

own business and do not need my information posted any

longer. Thank you very much.

 

vandewalker1@attbi.com

 

 

 

Emily Fitzpatrick

Recruiters International, Inc.

ELA Member

Please note our offices have moved

to South Florida Feel free to quote me.  Thanks for your support to all those who are looking.  It's still a tough market.

 

 

 Positions in the equipment leasing and commercial finance industries are

starting to open up... a sign that the industry is beginning to

stabilize.  The demand is stronger obviously for leasing sales reps as

opposed to ops positions, and are finding a lot of smaller or start ups

organizations looking to vamp up their sales forces NOW....it's the time

to do it.  But we won't experience a candidate demand (candidate driven

market), experienced back in the late 90's, probably for awhile!

 

 

If you know of anyone in the equipment leasing or commercial finance

industry that needs assistance or advise due to a lay off or company

restructuring, please view our website as listed below.  There are

services and information that cater to these candidates.

 

Please note our offices have moved

to South Florida Feel free to quote me.  Thanks for your support to all those who are looking.  It's still a tough market.

 

Full Job Wanted List at:

 

http://65.209.205.32/LeasingNews/JobPostings.htm

 

Help Wanted at:

 

http://65.209.205.32/LeasingNews/JobPostingsWanted.htm

 

Companies who offer Outsourcing:

 

http://65.209.205.32/LeasingNews/JobPostingsOutsourcing.htm

 

Need at attorney, these three specialize in leasing:

 

http://65.209.205.32/LeasingNews/JobPostingsAttorney.htm

 

Recruiters who specialize in the leasing industry—give them a try:

 

http://65.209.205.32/LeasingNews/Recruiters.htm

 

Other places to advertise—some free, some not:

 

http://65.209.205.32/LeasingNews/Classified.htm

 

 

 

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Siska Named Chicago Chapter Prez of National Funding Association

 

The National Funding Association announced the formation of its Chicago Chapter. Tom Siska, national sales manager of AmeriSource Funding will head the Chapter as president and Chicago Board Chairman. The NFA is a rapidly-growing networking organization for financial professionals. The NFA was organized in Charlotte, NC in 1991 by a group of asset-based lending professionals. With chapters in Charlotte, Dallas, Richmond, Atlanta and New York, the NFA facilitates networking among financial professionals. Its membership includes those in the asset-based lending, factoring, banking, investment banking, loan brokerage, leasing and equipment lending, law and accounting professions. Through a national web-site, a newsletter, monthly chapter luncheons and other venues, the association helps financial professionals maximize their networking potential both locally and nationally.

Siska is former national sales manager of Riviera Financial, former president of Concord Growth's Factoring Division, and former senior vice president/western region manager for GE Capital's Commercial Funding Division. He holds degrees in both Finance and Marketing from DePaul University and an MBA from the University of Chicago.

For inquiries about joining any of the NFA's chapters, about starting a chapter in your area, or for any questions about the NFA, log on to www.nationalfunding.org.

The National Funding Association

 

http://www.nationalfunding.org/

 

 

The National Funding Association is a networking organization consisting of investment bankers, accountants, attorneys, brokers, venture capitalists, consultants, bankers, factors, specialty finance companies, and asset based lenders.

 

 It was organized in 1991 in Charlotte by Bud Wilson, Warren Shinn and Barry Yelton for the express purpose of bringing together financial professionals to network among themselves. The association chapters have a monthly luncheon meeting, with a feature speaker, often one of the chapter members or an outside professional. The NFA currently has chapters in  Atlanta, Charlotte, Chicago, Dallas, New York and  Richmond,.

 

It is not in competition with  any other association, their website states, as its focus is strictly networking, not turnaround management or training.

 

for a list of U.S. Leasing Associations:

 

  http://www.leasingnews.org/associations.htm

 

related associations/foundations:

 

http://www.leasingnews.org/associations2.htm

 

### ###################################### ######################## 

 

US Bancorp Commercial Money Center Portfolio Announcement

 

 

Name = Joe Andries

               Address = 1310 Madrid Street

                  City = Marshall

                 State = MN

               Zipcode = 56258

                 Phone = 507-532-7774

                   Fax = 507-532-7727

                 Email = joseph.andries@usbank.com

                Source =

Add me to the mailing list = yes

              Comments = Kit,

 

US Bancorp Portfolio Services (USBPS), 1310 Madrid Street, Marshall, MN  56258, (507) 532-7774, has taken over the successor servicing of the CMC portfolio for the Investors of the "Royal", "Ace", and "RLI" portfolios.  Please have inquiries regarding payment of lease payments, payoffs, and lien releases sent to the above address.

 

Please note that USBPS is not associated in any way to CMC or its principals.  USBPS will not accept any responsibility for the actions (or lack of) taken by CMC or its staff and/or authorized agents.  

 

Thanks!

 

Joe Andries     

 

--------------------------------------------------------------------------------------

               

 

MSM Capital, Irvine, California Bulletin Board Complaint Reaction

 

I had never heard of MSM Capital since my Bank only funds middle market

leases, but I am surprised that this business of retaining deposit checks

has been allowed to continue for so long. I understand that many small

ticket leasing companies use deposit checks as working capital during their

"start-up phase" until revenues from funded deals starts rolling in.

 

I guess my question is; with the amount of points you can typically build in

to a small ticket deal, wouldn't it make more business sense to just "Do

Deals"?

 

 On an ethical note, I wouldn't dare to keep someone's deposit check.

Perhaps working for a publicly traded bank and having to answer to both the

FDIC and SEC keeps us in line, but I like to believe it is more a matter of

knowing right from wrong.

 

Please feel free to print this, and keep up the good work!

 

Darryl Kushner

VP Business Leasing

Tri Counties Bank

darrylkushner@tcbk.com    

 

-----------------------------------------------------------------------------------------------

 

This Week In Economic Events

 

May 28 Tuesday

 

Council for Excellence in Government holds daylong forum at Willard Hotel

on the future of public service. Scheduled speakers include former Fed vice chairman Alice Rivlin, pollster Peter Hart, Joseph Nye of Harvard University and Susan Schwab of the University of Maryland.

 

Mid-Atlantic Venture Association opens two-day conference at which more than 50 up-and-coming companies will present business plans to dozens of financiers looking to back the next Google.

 

Economic indicators: May consumer confidence, April existing-home sales.

 

30 Thursday

 

National Tax Association holds annual symposium at Holiday Inn on Capitol

 

Hill, including session on moving corporate headquarters to tax havens.

 

World Bank and George Washington University open two-day forum at the bank's headquarters on the successes and failures of financial globalization. Speakers include Stanley Fischer of Citicorp and William Easterly of the Institute for International Economics.

 

31 Friday

 

Deadline for energy companies to report to Federal Energy Regulatory

 

Commission on any "round-trip" trading activity they have engaged in during past two years.

 

Many leasing companies will kiss the ground because they are still in business.

-------------------------------------------------------------------------------------------

 

Debbie Monosson Answers Bob Rodi and Others re: Cry for Education

 

Put your money where your "heart" is....send a check to the Equipment

Leasing and Finance Foundation and help educate the public and the

students....it takes money to make money...and it takes contributions to

grow the industry. ELFF actually has written many case studies...the latest

one put out by the Darden Graduate School of Business at UVA was written on

Amtrak/Leasing of Acela. Perhaps you would like a copy? You want to educate

students...then send a check and help us fund more of these cases. Spouting

your thoughts on the future and your concern doesn't help.

Looking forward to seeing Lease Now's name on the list of contributors,

companies and people who truly DO want to make a difference.

 

Sincerely,

Deborah J. Monosson

Trustee and Treasurer

Equipment Leasing & Finance Foundation

 

BOSTON FINANCIAL & EQUITY CORPORATION

617-267-2900 Tel

617-437-7601

http://www.bfec.com

 

 

 

 

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