NOVEMBER/
DECEMBER 2011
PERSONNEL NEWS
PERSONNEL NEWS
ACCORDING TO AN SEC FILING, CapitalSource appointed
Laird M. Boulden (left) to serve as the company’s president
effective October 2011 and as chief lending officer of
CapitalSource Bank effective January 1, 2012. Boulden
served as the president of the company’s Corporate Finance
Group from May 2011 to October 2011 and president of the
company’s Corporate Asset Finance Group from February
2010 to May 2011. Before joining CapitalSource, Boulden
was co-founder of Tygris Commercial Finance, where he served as president of Tygris
Asset Finance from March 2008 to December 2010, and the founder and president
of RBS Asset Finance (f/k/a RBS Lombard) from October 2001 until March 2008.
The move comes amidst a management shakeup that included the resignations
of former co-CEO Steven A. Museles, and former CFO Donald F. Cole. John A. Bogler
replaces Cole and will continue as CFO of the bank as well.
CapitalSource also promoted Maureen Carr (right) to
managing director of the Corporate Asset Finance Group,
responsible for all aspects of the group including strategic
direction, business development, credit and operations.
Carr previously was SVP, director of capital markets for the
Corporate Asset Finance Group, where she was responsible
for indirect originations and new business volume
syndications.
Carr was a senior member of the nine-person group that joined CapitalSource in
2010 from Tygris Asset Finance, where Carr was SVP and also served as director
of capital markets. Prior to her tenure with Tygris, she held various positions at
RBS Asset Finance. Earlier in her career, Carr worked at Heller Financial in the
Commercial Equipment Finance Division as a senior credit analyst. (See related
profile on page 40.) n
PERSONNEL NEWS
CIT GROUP APPOINTED VINCENT (VINCE) BELCASTRO as managing director and group
head of CIT Capital Equipment Finance. He will report directly to Burt Feinberg,
group head of CIT Commercial & Industrial. Prior to this appointment, Belcastro
served as senior risk officer within CIT Corporate Finance. He was instrumental in
the launch, team build-out and integration of CIT’s Problem Loan Management and
Healthcare groups.
Before joining CIT in 2001, he served in a variety of senior relationship
management positions at Citibank where he was responsible for sourcing and
structuring new corporate financing and leasing transactions. Prior to Citibank, he
held credit positions, at both Republic National Bank and Deutsche Bank, supporting
deal-related financing activities in Latin America and Asia. n
THE ALTA GROUP
ADDS FORMER
PRESIDENT OF DLL
PUBLIC FINANCE
THE ALTA GROUP added Bob Neptune
as a consultant. Neptune is a leader
in governmental leasing and former
president of De Lage Landen Public
Finance. He is helping expand Alta’s
advisory services for companies
involved in state, municipal and
federal leasing.
Serving as an industry
consultant, Neptune was with
De Lage Landen Public Finance
from ’05-’08. There, he helped
integrate new products into eight
separate business units and, in
late ‘08, structured and sold one
of the largest municipal lease
securitizations in recent history. He
was president of ORIX Public Finance
from ’01-’05 until De Lage Landen
took over ORIX’s governmental
leasing business. Earlier in his
career Neptune held senior executive
positions at Transamerica Public
Finance, Heller Public Finance and
Chrysler Capital.
Neptune said companies shed
their governmental leasing programs
following the economic downturn are
returning to the market. “There was a
huge slowdown from ’09 to ’ 10, but
companies are starting to get back
in,” he explained. “Governmental
leasing is a niche business where the
portfolios are generally very clean,
which makes them easy to service or
easily sold.” n
