 |
 |
 |
 |
 |
 |
 |
 |
 |
4-2
Red Sox, But the Score Doesn’t Tell the Whole Story of a very courageous
team and a sullen NY crowd where riot police were on
Restaurants
and other retailers will be feeling it tonight as most
.
Schilling's
ankle showed some wear and tear as the game progressed
Boston
Globe
http://www.boston.com/dailynews/294/sports/
New York Times
http://www.nytimes.com/2004/10/20/sports/baseball/
USA
Flash Photo’s
http://www.usatoday.com/sports/gallery/2004/mlb-lcs/flash.htm
|
Trinity Capital, a subsidiary of Bank of the West, is a national leader in the equipment financing industry with a consistent presence and superior reputation. |
Wednesday,
October 20, 2004
Headlines---
Classified
ads---Places to Advertise/Some for Free
Pictures
from the Past---Schwartz/Dunham/McAfee/Head
Amex,
Matsco, former Rep. Leasing of SC, Depping Buys Bank?
ELA
Survey: Activity Down, But Profits Good
The
30 Year History of UAEL--- Part II
Marc
Baert Joins The Alta Group
Scott
Schauer Joins Key Equipment Finance
CitiCapital’s
Ellen Alemany cited as “Woman to Watch” in Banking
Baseball
Poem--Mickey Mantle's Birthday
######## surrounding the article denotes it is a “press
release”
Editor’s Note: Good News and Bad News. First
the bad news:
Northern California’s
first October winter storm knocked the power off
in our area in Saratoga,
California, where I both write and
send out Leasing
News. In a short period, we received over
three inches of rain,
more than any other city in the Bay Area.
Thus no edition yesterday.
Good News:
Power is back on. The weather is also clearing up for the UAEL Conference
in Monterey, California. Thursday is predicted: Sunny.
-------------------------------------------------------------------------------
Correction: Here is a current picture of John Torbenson,
more
current than the
1993 printed on Monday.
(and
yes, he still likes to play a lot of golf.)
John Torbenson, President
Odyssey Equipment Financing Company
4130 N. Goldwater Blvd. Ste. 217
Scottsdale, AZ 85251
Toll-Free (888) 607-6800
(480) 607-6800 Fax (480) 607-6868
www.oefc.net
-------------------------------------------------------------------------------
Classified
ads---
www.adams-inc.com
www.affinitysearch.com
www.bajobs.com
www.careerbank.com
www.careerpath.com
www.craigslist.org
(available in many cities now, use scroll feature)
www.elaonline.com
www.goldenparachute.com
www.Headhunter.net
www.hotjobs.com
www.jobs.net
www.lessors.com
www.MarketingJobs.com
www.monitordaily.com
www.Postonce.com
www.RecruiterConnection.com
www.resumeblaster.com
www.vetjobs.com
www.worktree.com
Leasing News is dedicated to helping people find work,
a better job, advance in your career, and the best
time
to start looking for a job is when you don’t need
one.
Interviews are very good practice to hone your skills
in talking about you, your skills, what you have accomplished.
Works at your job the best you can, make friends,
learn
more, become more valuable to your employer, and
your reward will not only be recognized by others,
but will give you the security you can find a paying
job at any age.
Activity leads to activity.
---------------------------------------------------------------------
 |
Pictures
from the Past---
November,1999---Schwartz/Dunham/McAfee/Head
Founders Award presentation
in celebration of the Association’s
20th Anniversary
(left to right) Art Schwartz, Steve Dunham, Harold
“Hal” McAfee, and
Steve Head.
November, 1995 UAEL
Regional Reporter
-------------------------------------------------------------------------------
Amex,
Matsco, former Republic Leasing of SC, Depping Buys Bank?
by Kit Menkin
The Wall Street Journal
reports "Insiders say that Greater Bay Bancorp is soliciting potential
buyers, though it is not clear what banks may be interested in the $1.5
billion-plus valued Greater Bay. The bank's assets total $7.6 billion
and it has reported net income of $24.5 million for the second quarter;
it operates under a number of names in the San Francisco area. Sandler
O'Neill & Partners is said to be handling the sales process. Bank
merger activity has slowed since this summer, but the financial industry
is still the most active sector in global mergers and acquisitions,
and 23 of the deals announced this year so far have been bigger than
a Greater Bay deal would be. The California banking market is fairly
consolidated already, observers note."
The Matsco Companies
are part of Greater Bay Bank.
NetBank has been
looking around to spin off various divisions, one of them reportedly
to be the former Republic of South Carolina. Could
it be the many trips
to Houston, Texas, were to see Thomas J.
Depping, as one person
who knew him well said, “He most likely needs to get back in business
because of his spending habits.”
We do have an unconfirmed
report, at this time, the Gazelle finally got his wish: Reportedly he closed on the purchase of Main
St. Bank in Kingwood, TX a suburb of Houston last week. What’s next?
You may have a chance
to ask him as Thomas J. Depping is registered to attend the ELA Conference
in San Diego with his former right hand Bob Quinn. Depping put down
he is CEO/Chairman, Main Street Investment Partners, Inc., 2909 High
Valley Drive, Kingwood, Texas 77345. He is not registered as a member
(when we checked,) but first time attendees are allowed to attend as
non-members. Or as one
observer noted, “he
is up to his old tricks again.”
The mill is getting
more active about American Express wanting to sell it's leasing division,
some say just the portfolio. CIT has allegedly asked to look at their
“book.” American Express has a reputation
for taking care of
their people.
Some very high sources
say the rumor is true. One person, in the know. speculated that Rich
Tambour, General Manager of American Express Business Finance, has put
out feelers. It also could be he may stay for a few years in the sale
and then retire; it depends on the buyer. One thing, he won’t be working
at Main Street Bank in
Kingwood, Texas.
Many American Express
Business Finance employees tell Leasing News they think the buyer is
GE Capital, and ask what do we know? Really, only what readers tell
us, as the major corporations only talk to us via press releases.
Leasing News has
been told by several very high sources that the
word on the street
that the division is up for sale is true; bidders
welcome. No doubt,
GE Capital has the cash.
If you are attending
the ELA Conference in San Diego,
you might find out
what company wants to put in an offer.
Also let me know
if Rob Yohe, who taught Bob Quinn all
about “Private Label”
leasing at Denrich, goes back to
his old time boss,
or better yet, if Oren Hall is coming out of retirement to work for
Tom Depping.
I did hear by e-mail from the former First Sierra/Sierra Cities President Thomas J.
Depping. I did ask him by e-mail for an interview, to talk about what his plans,
his new bank....He responded, "I will be in Monterey over the weekend. I would be happy to buy you a drink."
It will be very interesting as former First Sierra officers, managers, and
competitors will be there. I bet they all will get along, including
Oren Hall, Mark McQuitty...as Tom Depping is that good. He is the
Donald Trump of the Equipment Leasing Industry.
Thomas J. Depping in his Office drinking Diet Coca Cola
------------------------------------------------------------------------------
Classified
Ads---Help Wanted
Brokers
|
About the company: SCL has been in business for 12 years. We are contracted with multiple funding sources which enables us to provide more competitive rates and flexible terms and conditions. |
Funding/Loan Processor
|
Dealer Credit Finance Analyst / Dealer Credit Finance Services Supervisor
|
Dealer Credit Fin. Services Supervisor, Torrance, CA. Click here for full descrip. & to apply. To learn more about us, please visit: www.toyotafinancial.com/careers |
National Account Manager
|
Trinity Capital, a subsidiary of Bank of the West, is a national leader in the equipment financing industry with a consistent presence and superior reputation. |
Vendor Account Executive
|
About the Company: Lease Corporation of America is a well established, 16 year old, national equipment leasing company. |
Our Classified Ads are the most economical
you can buy to reach
25,000 readers in the
leasing industry
in every issue.
$400.00 for four lines
$50.00 per line the next
four lines
$25.00 per line thereafter
The lines do not
include logo area, which is free,
as well as the description about
your company, or
any links to your
site or full job
description. Artwork
is free. Price is for ten newsletter issues
(the ad remains on
the web site and is usage
is not counted if
no newsletter issue.)
Start the ball rolling
by e-mailing: maria@leasingnews.org
--------------------------------------------------------------------------
ELA
Survey: Activity Down, But Profits Good
ELTnews
The Equipment Leasing
Association 2004 Survey of Industry Activity reports volume down, but
higher profitability for the equipment leasing and finance industry
in 2003. Delinquencies and charge-offs dropped, too, indicating improved
portfolio quality.
Another financial
indicator is pre-tax spread. The data shows that 2003 pre-tax spread
declined slightly when compared to the previous year. This decline can
be attributed to a combination of factors: decrease in pre-tax yield
& slight decrease in cost of funds.
The 2004 version
of the annual Survey of Industry Activity reports on the leasing activity
of 135 leasing and finance organizations. It is a ?must-have? for lessors
interested in comparing their operations and performance to their industry
peers, and a critical management tool for any business trying to compete
in today's challenging leasing environment.
The 2004 Survey Report is available at from the ELA Store at http://www.elaonline.com/Store/ProductDetail.cfm?product_code=SIA2004.
Questions can be
emailed to Bill Choi at Bchoi@elamail.com.
-------------------------------------------------------------------------------
Please
send to a colleague, as we are trying to build our
readership. Subscription is free.
-------------------------------------------------------------------------
The
latest books and instruction manuals on leasing
|
Your One stop solution for training and reference material for the Leasing Professional
|
The
30 Year History of UAEL--- Part II
by
Kit Menkin
“Steve Dunham, WAEL’s founder and first president,
fixes his gaze on where we’ve been and where we’re going, both as an
industry and an association.”
Fall 1996 United Association of Equipment Leasing
Newsline
Dunham has 20-20 Vision
By James Veldez Geluz
He is
a 30-year veteran of the equipment leasing industry. He founded its most dynamic association. With these unique credentials,
Steve Dunham has a clear perspective of leasing's past, present,
and the future.
It's
a perspective that offers valuable
insight to everyone in leasing community. Dunham sees the development
of both the industry and the
association as one marked by
a number of distinct, and parallel, stages.
Stage
One:
The Early Years
At WAEL's inception in 1974, the
leasing industry, in the midst of developing standards for procedures
and documentation, was in a
largely formative stage. And, obviously, the association was as well.
The association, which was started to provide a means of exchanging information and building industry relationships,
was an exciting entrepreneurial
undertaking for Dunham. He saw a need and looked to meet it with WAEL.
Dunham, while eagerly taking credit for WAEL's formation, is modest about his
role in making the association run
effectively. "All the credit goes to Art Schwartz," Dunham insists, noting
the contributions of the association's original executive
vice president. "He took a wild idea of mine and made
sense of it.-"
Dunham marks this early stage,
as well as every subsequent stage, by associating it with WAEL's
leaders at that time. The early presidents - Dunham, Harold
"Hal" McAfee, Steve Head, and Fred Shieman
- along with Schwartz, laid the foundation for the association. This
task included determining the activity
of the association, ranging from developing pro-grams to organizing meetings to
attract and aid members, ac-cording to Dunham.
True to his entrepreneurial spirit,
Dunham focused his energies to generating excitement for the then-fledgling organization.
"I had lots to do to get people interested in WAEL,"
Dunham recalls.
In addition to starting the association, Dunham's entrepreneurial skills were tested with the formation of
his present company, Leasing
Associates of Cupertino, CA,
in 1976. The lease brokerage was the latest step for Dunham, who has
worked in the leasing industry since
1963, initially working for
funding sources. But, "in
1967, I wanted
to be a broker, and have been ever since, " Dunham said.
Stage
Two:
A
Coming of Age
The next stage for the association centered around the effort
to build a solid membership base. Continuing his theme, Dunham connects this period
to its leadership of the day. "The
presidents - John Torbenson, Bob Jacobson, III - they were the
go-go guys that tried to get membership
up," Dunham reflects.
Dunham sees the period led by Jim Possehl, CLP, Ronald Wagner,
CLP, and Bill Grohe as the
"coming of age" group, especially
in terms of assuming the management
of WAEL. They were successful in coping with "the difficult
time of moving from the association management organization [that ran
WAEL] to creating a self-running association,"
Dunham said. This included the hiring
of Jon Bednerik.
During this stage, the industry
continued to evolve. Where once few companies wanted to deal with brokers, the leasing and lending companies increasingly turned
to brokers. "Commissions went up; residuals went up,"
according to Dunham. With excitement being generated in leasing
circles, more commercial lenders got
into the act. "They'd do any-thing to fund
deals," Dunham said.
Stage
Three:
Transition
Transition describes the next period, not only for the
association, but for the industry as well. For WAEL and Presidents Hal Horowitz, CLP, Gordon Roberts, and
Peter Eaton, CLP, that meant a deliberate
attempt to fine-tune its member services. Part of this refocusing
included the bringing on board of
Ray Williams, Ph.D., the current Executive Vice President. "Where
Jon [Bednerik] was more of
an administrator, Ray is much more of a front man, more geared to promoting the association," Dunham ascertains.
In relation
to the industry, transition has meant the paramount importance of the
computer and advances such as credit-scoring systems for today's leasing operation. These changes
become vital to keep up in the current economic climate.
Ways of moving ahead include the
development of strategies to cope with downsizing and increased competition,
ac-cording to Dunham. One of the ways to cope is to increase efficiency,
whether through business practice innovation or technological means.
The task remains problematic, however: "The smaller
lessor or broker is pushed hard to make a profit," Dunham
diagnoses.
Dunham has confidence in the association's current leadership in dealing with
the transitional upheaval. "Jim Merrilees (CLP) is a great steadying
force," Dunham notes. "Because of his personality as a bright,
steady guy, he's ideal for man-aging UAEL through the transition."
The
association which was started to provide means
of exchanging information and building industry relationships, was an exciting entrepreneurial undertaking for Dunham. He saw a need and looked to meet
it with WAEL.
The Next Stage
For the future, Dunham again projects
confidence in UAEL's leadership.
"Oren Hall (who is slated to assume
the association presidency in 1996) is ideal for the times, given his
experience in the industry," Dunham
said. "He's the perfect
guy to assimilate the changes in the industry."
But Dunham is careful to recommend
a course of action for the association
that he founded. UAEL should be instrumental in providing the
means of learning - educational programs, regional meetings, and association-wide
conferences - that will help its members deal with the challenges of
the future. With these resources, leasing firms will be "all the
better to prepare for the future of changes" Dunham
said. "UAEL can answer the questions like
`How do we run our business more efficiently?' or `how do
we increase business by maximizing the telephone
or mail?"'
Given his longevity in the industry,
it is obvious that Dunham has enjoyed
a great deal of success. Instrumental in this success is his
wife, Diane. "I couldn't have
got-ten where I am today without her, " he re-calls. "She's certainly
as responsible as any for our prosperity."
Another element includes
association involvement, especially the networking opportunities for
our members. "Networking has always been an important part of the association,
and is cost-effective," Dunham explains.
By attending meetings, it provides an
opportunity to meet people and not have to travel " to their
offices.
"Regional
events supply ideas, especially ones that no one picks up on," Dunham
continues. "90 percent of what people say,
you've heard before, but then, somebody will say, `this is how we do this,' and I'd incorporate
the idea."
Being part of this constant dialog has yielded much
success for Dunham. Looking back
over his career, he pays a consider-able complement: "WAEL has made me a lot of
money."
For his
next stage, Dunham will concentrate on "the fun
stuff," as he calls it - the marketing
of Leasing Associates and generating more "wild ideas." From the
man whose wild ideas have included forming WAEL, it's sure
to be some fun stuff
--------
Today Steve Dunham
oversees the operation from his New England office. The Santa
Clara staff includes Betty Loya, a twenty year employee, as operations
manager and his son Brad Dunham as sales manager. Jay Coles continues
to operate the Pleasant Hill Office.
Brad Dunham
Sales Manager
Leasing Associates
3000 Scott Blvd. Suite 104, Santa Clara, CA 95054
Phone: (800) 544-3981 Ext. 103 Fax: (800) 700-7595
Email: ilease@yahoo.com
“Standing: 1996 United
Association of Equipment Leasing President Elect Oren Hal. Insert: Saturday
keynote speaker Art Schwartz,
( originally a management
service provider, then the first executive secretary of the organization.)”
November, 1995 UAEL
Regional Reporter
A
recent “Whatever Happened to...” found Bob Jacobson:
Bob Jacobson Found Alive and Well!!!
Leasing
News has printed several “Pictures of the Past” regarding former
equipment leasing industry Bob Jacobson. On
February 12
In 1983, Robert S.
Jacobson, III, was the Western Association of Equipment Lessor vice-president. At the time he was vice-president, National
Broker Division, Tri-Continental Leasing Corporation, a division of
Bell Atlantic, a major telephone company.
A WAEL Leasing Conference was not the same without him. He had
served as vice present and member of the Executive Committee. In 1984
he
He was recruited
by Don Smith and Hy Bren of Interlease, San Francisco in 1974, from
Union Bank. Don died of a heart attach while playing tennis in Tiburon,
and his then partner Hy Bren went on to form his own company, finally
joining Matsco, Emeryville, California, where he was a star salesman
and sales personnel recruiter,
Bob learned from
the great advertiser/promoter Don Smith at Perry's on Union Street about
“discounting” to start his own leasing company in 1975, which was sold
to a holding company where he remained president until forming Leasing
Acceptance. where Ben Millerbus was the sales manager. They had a direct
sales force. In the next downturn of the industry,
1978, the company split up: Millerbus left to start Pentek Leasing,
San Jose, California. He later he sold it in 1982 to Alaska Pacific
Bancorporation, which in turn was sold to a large Upstate New York bank.
Millerbus didn't stay retired long, forming Pentech Financial Services
in Campbell, California with the backing of John Otto, plus was co-founder
of Silicon Valley Bank ( he has recently formed a group to start a commercial
bank again ).
Jacobson, well-known
for his late night poker games, set up a broker “private label” operation
called Tri-Continental Leasing, then located in Mountain View, California.
In one of the next economic down turns, the telephone company divested
itself of this division, shutting down their branch operations. Bob
then went to work for Amembal, Deane & Associates doing lease training
across the country. From memory, he was here about a year before he
left the leasing business to join Hewlett-Packard, reformed, reportedly
doesn't gamble, and last heard was involved in managing an engineering
department. He and his family live in the Half Moon Bay area, California,
where he commutes to work (just like John McCue of McCue Systems, Inc.)
Attempts to reach
Jacobson him for a statement of the industry have gone unanswered. He
has been “annoyed” at Kit Menkin for several years for not attending
his birthday party, and that's Bob.
The
Good News ! ! !
Cheryl and Bob Jacobson are Alive and Well in Lake Tahoe
“As you all know,
I had become passionate about technology during my final years in the
leasing industry. After
Bell Atlantic Tricon decided to close the broker division in the early
90's, I devoted about a year to building up a computer BBS (Bulletin
Board System) out of my home. One of my users was a manager at HP Laboratories
in Palo Alto. He made me
a job offer to join HP as a temporary I.T. worker, installing computers
at the labs. That progressed
to a full time engineering job where I eventually became a department
manager in charge of inventing disruptive technologies.
“After about 5 years, my natural core competency of B*S* took over, and I was sent into the field. I ended up being a Business Development Manager for Europe, and then Asia. My job was to negotiate the multi-million dollar alliance and partner relationships for HP overseas. After 300,000 miles of travel per year and 270 nights in hotels every year for a 4 year period, I finally had to get out
in 2002.
“Cheryl and I found
ourselves in Lake Tahoe over a holiday, and fell in love with the area! We sold our home in Half Moon Bay, bought
a house up here, and then tried to figure out what we wanted to do for
work. I thought that maybe being a blackjack
dealer would be a great change of pace!
I was accepted into Harvey's black jack school, but when Cheryl
found out, she told me absolutely not.
She didn't want me in the smoke filled, booze filled, environment. I learned a long time ago that I wear
the pants in the family, but she tells we what color and which leg to
put in first. :-)
“So, Marriott opened
up a timeshare resort in Heavenly about that time.
I called up and they immediately took me on board. I've been selling vacation ownership here
in Tahoe since May '03.
“I'm still sober,
don't gamble anymore, and love living in Paradise!!
Attached is an updated
picture they took at HP a couple of years ago.
“I think about all
my friends in the Leasing Industry many times.
I try to keep up with what's happening to all my old friends
as much as I can. If anyone
wants to email me, my email address is jacobson@overjoyed.com.
And, Kit, you are totally forgiven for standing me up on my birthday
dinner so many years ago. :-)
“Bob Jacobson”
April, 1981 WAEL Newsline
Irene Devine has joined the Western Association of
Equipment Leasing staff as Associate Director. In addition to serving as Editor of Newsline, Irene will work with Executive Director Fran Schwartz and the Associate Director, Arthur Schwartz.
Irene formerly worked with the California Escrow Association, and has a background in publications, public relations and marketing.
February 24,1984,
it was announced Randy Bauler, CAE. would become the full time
executive director.
Randy Bauler, CAE,
formerly Executive Vice President of the Electric League of Arizona,
joined the Western Association of Equipment Leasing executive staff
in February.
“ ‘We are delighted
to have someone of Randy’s experience and enthusiasm join us,’ said
WAEL president Bob Jacobson. “WAEL has grown tremendously in the past
few years and many new programs are planned for this year. Randy will
be a real asset to the WAEL management team.”
“Bauler will work
with the WAEL Board and Long Range Planning Committee in developing
a strategic plan for WAEL’s next five years. Responsibilities for committee
projects and other WAEL programs will be divided between Bauler and
WAEL Executive Director Irene Devine.
“Public Relations,
Member Services, Certification, Membership, Brokers and Federal Legislative
Involvement Committees will be coordinated by Bauler. Devine will work
with Education, Legislative Relations, Accounting, Tax, Legal and Standards
Committees and will continue to edit
“Bauler started his
career as an association executive with the Arizona Electric League
in 1975. He received the Professional Performance award form the American
Society of Association Executives in 1981 and his CAE ( Certified Association
Executive) designation in 1983.”
June, 1985, the new logo was approved:
WAEL NEWS LINE December, 1988
WAEL Selects New Executive
Vice President
After Months of conducting
an extensive nationwide search, the WAEL Management Selection Task Force
recommended a twenty -year association executive, Jon C Bednerik; he
was appointed by the WAEL Board of Directors to the position of Executive
Vice President during a special meeting held in November.
Bednerik assumed
his new post on December 5. That date marks the beginning of the transition
from the long-term relationship with Management/Association Services,
Inc. (MAS), which has been providing administrative support to WAEL
for some fifteen years. WAEL will establish its own association headquarters
staff in the Oakland/San Francisco Bay area. Plans call for the transition
to be completed around mark of 1989.
Chosen from a field
of more than 400 candidates, Bednerik has been Executive Director of
the Western Independent Bankers (WIB) for over five years. WIB is a
regional trade association of 300 independent banks and some 50 associate
member firms in thirteen Western States.
Bednerik's association
career includes serving as Director of Government Affairs for over six
years with the National Association of Drilling Contractors, and five
years with the National Society of Public Accountants, as well as two
years with the National Association of Broadcasters. A registered lobbyist
in Washington, D.C., his prior job experience was a newspaper reporter
and in the advertising and publishing fields.
A graduate of Rollins
College in Winter Park, FL with a bachelor's degree in philosophy and
government, he also completed his course work for an LLB at Vanderbilt
University School of Law in Nashville, TN.
Bednerik noted, "WAEL
is extremely fortunate to have the benefit of outstanding volunteer
member involvement and has enjoyed the services of one of the finest
multi-association management firms in the country. Now WAEL has the
opportunity to develop its own full time team. My goal is to continue
to build on the strong foundation and to provide expanded membership
services, to emphasize high quality seminars at reasonable costs, and
to create higher public profile for professional lessors and the important
role played by the leasing industry."
An avid sailor, he
and his wife Darlene, live in Alameda. Their daughter Lydia attends
the University of California at Santa Cruz.
Management of WAEL
will be in the process of transition throughout the first few months
of 1989, while the new office is being relocated. (See "President's
Perspective" column for details on the Management Transition Task
Force.) Watch your mail and future issues of Newsline for updates and
details on all of the exciting changes currently happening in your association.
|
|
|
|
|
Executive Director |
Meeting Planner |
Administrative Assistant |
|
"The director of the |
"I've got a great idea for our next meeting-if only I could remember
it." |
""Good morning. This is WAEL. |
|
|
|
|
|
|
|
|
|
Artist |
Director of Publications |
Director of Administration |
|
"I paint; therefore, I am." |
"Not now! I'm right in the middle of a great magazine." |
"Let's see... one plus one is two, two plus two is ..."- |
" Jon Bednerik
was a real "people person'. Bednerik had a lot of imagination...
Events and creativity were the best. "
Ron Wagner
" Jon came to
WAEL from the Independent Banker's Association after search committee
interviewed more than 20 candidates and reviewed more than 100 resumes.
Jon's strengths were his written communications and publications. If
you remember the Newsline prior to Jon's tenure it was of much lower
quality. Jon received a crash course in financial management during
his first year at WAEL. To say we had some tough finance meetings before
the BOD met is a gross understatement. The Executive Committee at the
time; Ben Millerbis-Past President, Jim Possehl-President, Ron Wagner-VP
and Bill Grohe-Sec-Tres held weekly conference calls and held Jon's
hand as much as possible. Our Spring Conference at the Camelback was
a success, but not without some significant good fortune. The Fall Seattle
Conference was also successful but the chaos behind the scenes was serious
hand wrenching. We were very fortunate to have hired excellent staff
and the year was a positive one for WAEL but required four or five times
the time and effort by the executive committee and a load of good luck."
Jim Possehl
Western Association
of Equipment Leasing ( WAEL )
Tomorrow---
Part III
On Dr. Ray William’s watch:
WAEL becomes UAEL
----------------------------------------------------------------------
### Press release #########################
Secretary
General of Leaseurope Joins The Alta Group
Marc
Baert
LONDON --In anticipation
of his 2007 retirement from his present role as secretary general of
Leaseurope, Marc Baert has joined The Alta Group as an associate. The
Alta Group, an international consulting firm specializing in the equipment
leasing industry, serves Latin America, North America and Asia Pacific
as well as Europe. Mr. Baert will serve Alta clients throughout Europe
but will focus especially on emerging markets in Central and Eastern
Europe.
Mr. Baert studied
law at Leuven University and was admitted as a Barrister to the Brussels
Bar in 1968. He entered the world of finance in 1972 and until 1984
was the director of sales and marketing at International Factors in
Brussels. During that time he also earned an MBA at the University of
Ghent.
From 1985 until the
present time, Mr Baert has served as the Secretary General of both Leaseurope
and Eurofinas in Brussels. These organisations are the central trade
bodies of both leasing and consumer credit in Europe and are made up
of the national associations. Their main purpose is to represent the
views of the two industries in the European Community and within the
European Commission.
Mr Baert has played
a huge support role to the fledgling markets of the Central and Eastern
European countries, both those who have recently joined the European
Community and those still awaiting membership. He has given considerable
assistance and advice as these countries have formulated their laws
and practices to encourage the development of a leasing industry.
Derek Soper, Principal
in the London Office, said “We are delighted to have Marc Baert join
us, he has made a significant contribution to the development of the
emerging leasing industry in Central and Eastern Europe and his expertise
will help us to keep well ahead of our competitors.”
About The Alta Group
Founded in 1992, The Alta Group (www.thealtagroup.com) is a leading source of corporate consulting and advisory services, education, and training to the global equipment leasing and finance industry. The Alta Group’s European office, based in London since 1998, is now composed of eight members, all with extensive backgrounds in the $500 billion global equipment leasing and finance markets. Globally the Group is composed of former CEOs, company founders, and industry organisation leaders-who collectively have more than 500 years of experience. For more information on The Alta Group and its
European operations,
visit www.thealtagroup.com or
call Derek Soper
at +(44) 1444 891344.
### Press Release
######################
KEY
EQUIPMENT FINANCE NAMES SCOTT SCHAUER
VICE
PRESIDENT, DIRECT LARGE TICKET ASSET MANAGEMENT
SUPERIOR, CO. – – Key Equipment Finance, one of the nation’s
largest bank-affiliated equipment financing companies and an affiliate
of KeyCorp (NYSE: KEY), has announced the appointment of Scott Schauer
as vice president of direct large ticket asset management. His office
is located at Key Equipment Finance’s world headquarters outside Boulder,
Colorado.