CHICAGO, Jan. 5, 2022 /PRNewswire/ - CIBC today
announced its new Equipment Finance team within its US Commercial
Banking group, its 16th specialty banking area.
"At CIBC, we know how important machinery and equipment are in
order to successfully deliver products and services to our
clients," says Bruce Hague,
president, US Commercial Banking. "We're pleased to offer
client-centric solutions that are applicable to all business
profiles in order to help our clients achieve their ambitions."
The experienced Equipment Finance team is led by industry
veteran, Matthew Green. Green, who
recently joined the bank as managing director and group head,
brings 20 years of banking industry experience to CIBC. Previously,
he led the Equipment Finance business at J.P. Morgan, where he also
co-founded the middle market loan syndication group. His team will
be supported by Austin Daniels, who
will lead Equipment Finance capital markets, and Jaime Clesceri, who will serve as head of
documentation and operations.
The Commercial Banking team's new specialty group offers clients
solutions to match requirements for capital expenditure
acquisitions and sale-leasebacks, with an advisory-first approach
designed to help clients weigh the pros and cons of a financing
structure and its impacts on their financial profile. They provide
equipment solutions across the following product sets:
- Secured loans
- Finance leases
- $1 buyout leases
- Fair market value leases
- Terminal Rental Adjustment Clause (TRAC) leases
- Split-TRAC leases
- Synthetic leases
"We build lasting business partnerships—focused on our clients'
successes—by taking the time to understand them, their company, and
objectives," says Hague.
CIBC is a leading North American financial
institution with 11 million personal banking, business, public
sector and institutional clients. CIBC offers a full range of
advice, solutions and services in the
United States, across Canada and around the world. In the US, CIBC
Bank USA provides commercial
banking, private and personal banking and small business banking
solutions and CIBC Private Wealth offers investment management,
wealth strategies and legacy planning. Visit us at cibc.com/US.
All loans subject to credit approval. The CIBC logo is a
registered trademark of CIBC, used under license. Member FDIC
and Equal Housing Lender.