Jeremy Smith will be based in Chicago and is responsible for growing HEF’s loan and lease origination program. Prior to joining, Smith was a managing director of originations at PNC Equipment Finance. Smith also has expertise in executing large scale transactions across various asset classes, including aviation, fleet vehicles and rail, according to his LinkedIn profile.
Ed Maron will be based in Boston and is also responsible for growing HEF’s loan and lease originations. Before this, Maron worked at Citizens Asset Finance, where he structured middle market and corporate transactions.
HEF took over approximately $900m of assets, and $630m of securitizations when it acquired Macquarie Group’s Michigan-based equipment finance arm, Macquarie Equipment Finance, in February 2015. Macquarie has not issued equipment ABS since 2014.
A HEF spokesperson told GlobalCapital on Tuesday that the company will not be doing an equipment securitization “at this time”.