Rail issuer Element shoots for new air, rail ABS

Aldesa
By Matthew Scully
29 May 2014

Element Financial Corp, an equipment financing company that last month sold its first securitization of railcar receivables, is boosting its presence in the capital markets and building up a team of aviation and rail financing specialists under the direction of new hire, CIT veteran David McKerroll.

The Canadian transportation and equipment financing firm announced this week that it had hired McKerroll to oversee the separate aviation and railcar finance units. The firm has plans to make at least three new hires to work on structured debt financing via securitization, according to a senior executive ...

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