Orix—Unconfirmed Report from Insider


”In case you haven't heard , (today) the executives of Orix Capital Markets will announce that they are shutting down the NY office.  Major layoffs will hit the Kennesaw, Georgia office either mid or late February.  Nothing is certain yet but it is probably safe to say that Orix will be out of the leasing business altogether at this time in 2005. 


“ They have also already told the CIO, Chief Legal Officer, EFG Group President, and some other senior level people when their last day will be.  I'm hearing they will be leaving on 2/29 but haven't confirmed yet.  Will let you know more when I find out.”


(name with held )



Fetured on 1/14/2004

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