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Alun Richards appointed to Leaseurope’s Central and Eastern European Council
Ascot, UK, 26 January 2006 – Key Equipment Finance today announced that Alun Richards,
European managing director, has been selected as the official representative of the Finance
and Leasing Association (FLA) to Leaseurope’s Working Group on Leasing in central and
eastern European countries.
The FLA is the leading trade association representing the asset finance, motor finance and
consumer credit industries in the UK. Richards was selected to serve as the organisation’s
representative to Leaseurope’s Central and Eastern European Council, which is responsible for
supporting the interests of the leasing and finance association and member companies in the
central and eastern European region to the relevant government and regulatory authorities in
the EU and elsewhere.
Leaseurope represents approximately 1,300 equipment leasing companies from 26 European
countries. In 2003, the leasing companies represented by Leaseurope invested €193 billion in
equipment and real estate and employed approximately 48,000 people.
“I am honoured to have been selected to represent the UK on the Central and Eastern
European Council,” said Richards. “I’ve been actively involved in the FLA for many years and
look forward to working more closely with other equipment leasing professionals across Europe
and providing insight from the UK leasing industry.”
Key Equipment Finance is a global leader in the equipment leasing industry and is an affiliate of
KeyCorp (NYSE: KEY).
About Key Equipment Finance
Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-
business equipment financing solutions to businesses of many types and sizes. The company
focuses on four distinct markets:
- businesses of all sizes in the U.S. and Canada (from small business to large
corporate);
- equipment manufacturers, distributors and value-added resellers worldwide;
- federal, provincial, state and local governments as well as other public sector
organisations; and
- lease advisory services for manufacturers’ captive leasing and finance companies.
Headquartered outside Boulder, Colorado, Key Equipment Finance manages a $12 billion
equipment portfolio with annual originations of approximately $5 billion. The company has major
management and operations bases in Toronto, Ontario; Albany, New York; Chicago, Illinois;
Houston, Texas; London, England; and Sydney, Australia. The company, which operates in 26
countries and employs 1,100 people worldwide, has been in the equipment financing business
for more than 30 years. Additional information regarding Key Equipment Finance, its products
and services can be obtained online at KEFonline.com.
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services
companies, with assets of approximately $92 billion. Key companies provide investment
management, retail and commercial banking, consumer finance, and investment banking
products and services to individuals and companies throughout the United States and, for
certain businesses, internationally.
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