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In the Marketplace
The Equipment Leasing and Finance Association (“ELFA”) has announced that ELFA President Kenneth E. Bentsen, Jr. is stepping down to take a new position as executive vice president of the Securities Industry and Financial Markets Association (“SIFMA”). Ralph Petta, ELFA Vice President for Research and Industry Services, was named to serve as interim president upon Bentsen's departure. Bentsen has been president of the ELFA since May 2006. Prior to that, he served as a U.S. Congressman from Texas from 1995 to 2003.
Ralph Petta has been with the ELFA since April 1987. His primary responsibility is managing the development of the association's industry information resources and data-collection projects, including the annual Survey of Equipment Finance Activity, Monthly Leasing & Finance Index, and Industry Compensation Survey. In addition, he oversees the development of various benchmarking and market research initiatives and related industry reference publications sponsored by the ELFA. Petta has liaison responsibilities with several ELFA constituent committees, including its Research Committee, Legal Committee, and Equipment Management Committee, as well as the ELFA Business Council Steering Committees. Before joining ELFA, Petta worked for nine years in the office of United States Senator Sam Nunn.
Willis Lease Finance Corporation of Novato, CA, has named Jesse V. Crews chief operating officer. Crews previously spent 26 years with GATX Corporation, where he served as President and CEO of GATX Capital Corporation, a diversified equipment leasing company with approximately $3.5 billion in assets and $5 billion in managed third party assets. Over the past five years, he served as a managing director for Fortress Investment Group, an equity investment firm with approximately $30 billion of funds under management.
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