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Ascot, UK, 12 January 2006 – Key Equipment Finance, the third-largest bank-held equipment
leasing company in the U.S. and an affiliate of KeyCorp (NYSE: KEY) has announced that it has
been selected as a strategic partner of UBS Leasing. UBS Leasing is a subsidiary of UBS, one
of the world’s leading financial services companies and a market leader in Swiss private and
corporate customer business.
UBS Leasing will be able to provide the expanded product and service offering to UBS bank
customers in Switzerland interested in leasing technology and other business-related assets.
This strategic partnership provides a competitive advantage to UBS Leasing with products such
as project financing, technology refresh and off balance sheet lease financing, which can
enable companies to take advantage of benefits like upgrade flexibility, optimal asset
management and improved balance sheet management.
“UBS is a leading global financial organisation that is committed to meeting the needs of its
customers,” said Karen Larson, president and chief operating officer of Key Equipment
Finance’s global vendor services unit. “UBS Leasing already provides a wide range of financing
for all types of assets, from motor trucks to technology equipment to ships for companies of all
sizes, and we look forward to working with them to offer a more diversified product offering in
response to increasing demand from their customers.”
UBS Leasing noted Key Equipment Finance’s comprehensive product offering, including US-
GAAP and IAS / IFRS-compliant lease structures, as well as more than 30 years experience
providing financing options to companies worldwide, as the primary reasons for selecting Key
Equipment Finance as a strategic partner.
“Key Equipment Finance is regarded throughout the industry as a leading provider of equipment
financing options for global companies,” said Gino Giuliato, CEO at UBS Leasing. “Through this
alliance, we will be able to provide an expanded range of products and services to meet the
equipment leasing needs of mid-to-large sized businesses throughout Switzerland. We look
forward to working with Key Equipment Finance’s leasing experts to fulfil the increasing demand
for flexible leasing options from our new and existing customers.”
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.
About UBS Leasing
UBS Leasing, a UBS subsidiary headquartered in Zurich with offices in Lausanne and Lugano,
is specialised in financial leasing of mobile capital equipment and refinancing of tenancy
agreements. UBS Leasing is one of the leading financial companies in Switzerland; the
continuous growth bears witness for the marketability and the competitiveness of the company.
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