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Ascot, UK, 13 August 2007 – Key Equipment Finance, a leading international provider of
equipment financing solutions, has strengthened its presence in Ireland (North and South) with the
appointment of industry veteran, Patrick Gill, to head up its Dublin office. The move positions the
company strongly to play an important role within Ireland’s booming leasing market.
”Leasing is a well-used mechanism within the Irish business community,” says Gill. “The Irish
market is competitive and has been well-served by the indigenous banks and their subsidiaries
and by many of the leading European lenders. However, we feel there is an opportunity to
introduce some new thinking to the sector and we believe we have a compelling value add
proposition to give lessees.
Key Equipment Finance’s particular areas of strength include operating leasing, which remains an
under-developed market in Ireland, and with our ability to take residual value risk on our account,
we see this as a major competitive differentiator,” adds Gill.
European managing director, Alun Richards concludes: “Key Equipment Finance is extremely
excited about entering into the Irish marketplace and looks forward to helping businesses with
their leasing requirements”.
Gill, originally from Leitrim, will lead a strategy of diversification across the country. This is
designed to move the company away from a predominantly technology leasing focus into a raft of
new asset finance sectors including road transportation, aviation, print, medical and healthcare,
construction, materials handling and machine tools. One of Gill’s primary objectives is to grow the
company’s business in Ireland across all these areas.
About Patrick Gill
Patrick Gill has worked in the financial services sector in a variety of roles for 22 years in the UK
and Europe. Latterly, he spent eighteen months working as a freelance consultant for Key
Equipment Finance, specialising in transportation financing, before taking up his current position
as the company’s country manager for Ireland. Gill reports to Bruce Nelson, regional director for
the UK and Ireland.
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 $13.1 billion
equipment portfolio with annual originations of approximately $6.4 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 www.KEFonline.com or
the Irish website, www.kefonline.ie
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies,
with assets of approximately $93 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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