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In the Marketplace

BY ALM Staff
October 29, 2013

Synovus Bank of Columbus, GA, has created an Equipment Financing Group targeted to small, middle, and large commercial banking customers. The group will be based in Charleston, SC, and will be headed by John Geist, who has been named president. He previously served as president of Leasing and Equipment Finance of Bank of America. Joining Geist are Tad Herrin, Bill Orr, Ricky Mims and Jim Shaw, who also worked at Bank of America. In addition, Chris Legris joins from Textron Finance.

Madison Capital of Owings Mills, MD, has named Mark Caplan chairman, and Allan Levine, formerly COO, president. Nancy Pistorio will continue in her leadership role as executive vice president, as will Kandi Laufert, as CFO. Madison Capital is a provider of lease financing for vehicles and equipment.

The Alta Group has named Steven E. Byrnes as a managing director. He will be responsible for leading Alta's new Application Consulting Practice. Byrnes was formerly a principal and leader of Capgemini's North American Diversified Lending practice. The new practice reflects Alta's increased emphasis on leveraging operations and technology to achieve the primary business objectives of equipment leasing and asset finance companies. It is designed to guide clients from strategy through to execution, with business solutions and supporting technologies. Specific services include business practice review and re-engineering; business process transformation; information technology assessment and strategy; and system selection, implementation, and process optimization.

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