New Hires/Promotions in the Leasing Business
and Related Industries

Craig Ault was hired as Chief Revenue Officer, Managing Director America, Acquis, Philadelphia, Pennsylvania. He works remote from Paradise Valley, Arizona. Previously, he was Chief Revenue Officer, Honour Capital (2023 - January, 2025); Executive Director, ATEL Capital Group (2020 - 2023); EVP, National Sales Manager, Wintrust Commercial Finance (2019 - 2020); CSI Leasing, Inc., working remote from 2002, Senior Vice President, Sales Marketing, up the ladder to Executive Vice President, Sales and Marketing, Global Sales Training and Development (2016 -2018),  St. Louis, Missouri.
https://www.linkedin.com/in/craigault27/

Michael Baez, CLFP, was promoted Senior Vice President, Leasepath, Burlington, ON, Canada. He is located in Oak Ridge, New Jersey. He joined Leasepath September, 2021, as VP, Professional Services and Customer Strategy.  Previously, he was Director, Banking & Diversified Financial (January, 2013 - August, 2021); Senior Consultant, SunGard (March, 2010 - January, 2013). Full Bio:
https://www.linkedin.com/in/michael-baez-clfp-0976ba6/details/experience/
https://www.linkedin.com/in/michael-baez-clfp-0976ba6/

Dan Canine, Attorney, was hired as Member, Bodman, PLC., Southfield, Michigan. He is located in Troy, Michigan. Previously, he was Executive Vice President and Counsel, Mitsubishi HC Capital America (April, 2023 - January, 2025); General Counsel and Compliance Officer, Mitsubishi HC Capital (U.S.A.) Inc. (February, 2109 - April, 2023).
Full Bio:
https://www.linkedin.com/in/dan-canine-33255914/details/experience/

Jennifer McDonald was promoted to Senior Marketing Manager,  Vervent, Greater Boston. She is located in Boston. She joined Vervant August, 2020, as Sales Support Specialist, promoted Marketing Coordinator, June, 2021, Marketing Specialist, June, 2022, Marketing Manager (January, 2004).
https://www.linkedin.com/in/jennifer-mcdonald-43811bb0/details/experience/
https://www.linkedin.com/in/jennifer-mcdonald-43811bb0/

Christopher McManus was hired as Senior Vice President, Group Head, Financial Institutions Group, Auxiior Capital Partners, Inc., Plymouth Meeting, Pennsylvania. He is located in Greater Philadelphia. Previously, he was Group Head, Direct Originations and Major Accounts, Auxiior Capital Partners, Inc. (August, 2021 - May, 2024). Full Bio:
https://www.linkedin.com/in/chris-mcmanus-lease-finance/details/experience/
https://www.linkedin.com/in/chris-mcmanus-lease-finance

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Date Again has Passed for Chesswood Group Limited
Perhaps 12th Time Since Not  Producing Financial Reports to Canada Stock Exchange

It looks like the sale of assets for the Chesswood Group Limited extension has passed as it was set for January 31, 2025.  It also takes a lot of time to receive bids as well as to gather the financing for the purchase.

December 17, 2024 Andrew Morganti, Attorney, Berger Montague reported, "The current Stay of Litigation extends to January 31, 2025, and it is likely to be extended another 6-months (based upon my experience).

"A Stay of Litigation means that no litigation against Chesswood can move forward until after the CCAA Proceeding is completed."

This is complicated involving 15 cases plus various locations involved in Canada and the United   States.

Here is a recap Leasing News ran in November Which sums up the situation at that time and
may be viewed as the start of timeline to resolve the bankruptcies:

https://leasingnews.org/archives/Nov2024/11_04.htm#about

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Balboa Capital Available Position
Program Manager II- Equipment Broker Sales
Full Job Details - Benefits

Commercial Equipment Leasing & Finance Course
The University of North Texas
G. Brint Ray College of Business

“I want to extend my heartfelt thanks to Jonathan Fales with Great America Financial Services for helping us kick off our Commercial Equipment Leasing & Finance Course.

“Your presentation was the perfect way to launch this Innovative, first-of-a kind course, and it set the tone For an engaging and impactful semester.

“Thank you, Jon for our time and insights!”  

 https://www.linkedin.com/company/clfp-foundation/posts/?feedView=all

Michael P. Gallo, Atty., B. Fin., J.D., Author,
Lecturer Professor, University of North Texas

"While I may be ‘retiring’ from M&T Bank and LEAF Commercial Capital, Inc., I plan to stay involved in the finance industry and continue my support to the Equipment Leasing and Finance Association. I'm also excited to announce my association with Padfield & Stout, LLP in an Of Counsel position.”

https://www.linkedin.com/in/michaelpgallo/

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Top Ten Most Read by Readers
January 27 to January 29

(1) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jan2025/01_31.htm#hires

(2) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jan2025/01_27.htm#hires

(3) Where Do Americans Work?
Chart
https://leasingnews.org/archives/Jan2025/01_27.htm#where

(4) Veteran Barry Shafran hired as Chairman
of Alliance Funding Group
https://leasingnews.org/archives/Jan2025/01_29.htm#vet

(5) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jan2025/01_29.htm#hires

(6) Leasing News Advisor
Edward P. Kaye
https://leasingnews.org/archives/Jan2025/01_27.htm#kaye

(7) Newly Launched Alliance Equipment Finance
Brings Decades of Experience to Equipment Financing
https://leasingnews.org/archives/Jan2025/01_29.htm#newly

(8) 2025 Opportunity
By Scott Wheeler, CLFP
https://leasingnews.org/archives/Jan2025/01_29.htm#2025

(9) BriteCap Financial Announces Key Promotions
Across Multiple Departments
https://leasingnews.org/archives/Jan2025/01_27.htm#bc

(10) The Fed Is About to Hit Pause on
Rate Cuts. Here’s Why
https://www.nytimes.com/2025/01/28/business/fed-rate-cute-pause-why.html

Note: Did not count help wanted and broker ads as not "articles." They were also highly read and would have changed top ten (including the Top Ten correction) every Monday. Also Conference and Forum Conferences are also updated each Monday New Edition, so the previous one is not only an article but is “Out of date” when the new Monday Top Ten is also published. Editor

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Commercial Finance/Leasing Finance
Conferences and Forums  -  Updated!

February 11-12: SFNet’s Asset-Based Capital Conference, Wynn, Las Vegas, Nevada
“Our Introduction to Asset Based Lending curriculum provides participants a broad overview of the ABL industry, touching all key fundamental aspects of all roles responsible for sourcing, underwriting and managing a profitable loan.”
https://www.sfnet.com/home/events/event-detail/2025/02/11/default-calendar/sfnets-asset-based-capital-conference-2025?utm_source=Informz&utm_medium=email&utm_campaign=InfromzTracking&utm_term=SFN&utm_content=SFN&_zs=qqf6n&_zl=Ue0E3

Feb. 20: DeBanked, Miami, DeBanked Connect, Fontainbleau, Miami Beach, Florida  Broker Battle -    Promise from  deBanked Sean Murray, deBanked: https://leasingnews.org/archives/Jan2025/01_31.htm#bb

February 23-25: ELFA Equipment Management Conference and Exhibition, JW Marriott, Las Vegas
Conference details
Attending List

March 4-6: Funders Forum & Broker Expo, Hollywood, Florida
Mike Tyson will as the keynote speaker at the Funders Forum and Brokers Expo, taking place March 4-6, 2025, at the Hard Rock Hotel & Casino in Hollywood, Florida
Conference Details

March 11-13: National Equipment Finance Association Spring Conference, Omni, La Costa Resort & Spa, Carlsbad, California.
Conference Details  Vicki Shimkus CLFP, Balboa Capital, A Division of Ameris Bank | Broker Relationship Manager, will cover the conference for Leasing News.

April 9–11: NVLA Conference, Clearwater Beach, Florida
Early Bird Registration Open  - This year's conference will feature Keynote Speaker, Michelle "MACE" Curran, Women in Leasing Poolside Social, informative education sessions, and ample networking opportunities.

April 9-April 11: AACFB Annual Conference, Las Vegas, Nevada
Conference Details – Bradon Marshall, Marshall Capital Group, 2025 AACFB Annual Conference Chair, said, "The AACFB Annual Conference is more than just an event—it’s an opportunity to connect with industry thought leaders, share fresh ideas, stay up to date on industry trends, and explore new tools to help you achieve your goals in 2025. Whether you’re a seasoned veteran or just getting started in the commercial finance industry, this conference offers something for everyone, with practical knowledge, valuable resources, and meaningful connections at its core.
Our agenda will address some of the most pressing topics in commercial finance, including emerging technologies, navigating market shifts, and embracing innovation in today’s fast-paced world. You’ll walk away with actionable insights and a fresh perspective, ready to engage in growth and innovation in your business.
What truly sets this conference apart is the people. The conversations you have, ideas you share, partnerships you form, and lifelong relationships that are created open the door to future opportunities and success.
Theresa Kabot, CLFP, K2 Funding, Kabot Commercial Leasing LLC, will be covering the conference for Leasing News readers.

April 15-17: ELFA 36th Annual National Funding Conference, Chicago, Illinois - Don't miss your chance to connect with over 600 industry professionals at the ELFA Funding conference, April 15-17 at the Hilton Palmer House in Chicago. Funding is the lifeblood of the equipment leasing and finance industry – this event is your opportunity to secure the partnerships you need to drive success. Register and view hotel information :
https://cvdata.elfaonline.org/cvweb/cgi-bin/eventsdll.dll/EventInfo?SESSIONALTCD=FUND2025

September 10-12: AACFB Commercial Financing Expo, Austin, TX
Conference Details Coming Soon

October 14-16: National Equipment Finance Association Fall Conference, Renaissance Minneapolis Hotel, Minneapolis, Minnesota
Conference Details Coming Soon

October 26-28: ELFA 64th Annual Convention, Marco Island, Florida  - https://cvdata.elfaonline.org/cvweb/cgi-bin/eventsdll.dll/EventInfo?SESSIONALTCD=CONV2025

To be listed or update: kitmenkin@leasingnews.org

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Leasing News Advisor
Terri E. McNally

Founder & CEO | Global Capital
205 W Wacker Dr. Ste. 730
Chicago, IL, 60606-1468
312-846-6918 x 202
terri@globelease.com
http://www.globalcapitalltd.com

Terri McNally is the founder and CEO of Global Capital, a WBENC-certified, woman-owned equipment financing company that has been empowering businesses for over 25 years. Since establishing the company in 1999, Terri McNally has built Global Capital into a trusted partner for Fortune 1000 companies and SMEs, offering innovative leasing and financing solutions across a variety of industries.

In 2023, Terri was recognized as one of Crain’s Notable People in Finance and named among the Top 50 Women in Leasing by The Monitor. These accolades highlight her leadership, industry expertise, and unwavering dedication to providing cost-effective and flexible financing strategies that drive growth for her clients.

In addition to her professional achievements, Terri is an active community leader. She serves on the American Cancer Society North Region Board and is the founder of Women for Wounded Warriors, an organization dedicated to supporting families of those who have served in the armed forces. These roles exemplify her commitment to making a positive impact both professionally and civically.

News Briefs

Angry and vengeful' Roglieri to remain jailed
    until fraud trial, judge rules
https://www.timesunion.com/business/article/judge-rejects-roglieri-s-bid-get-jail-fraud-trial-20092858.php

Elon Musk’s Team Now Has Access to
    Treasury’s Payments System
https://www.nytimes.com/2025/02/01/us/politics/elon-musk-doge-federal-payments-system.html

Trump’s school choice executive order could
    upend K-12 education, opponents and supporters agree
https://www.bostonglobe.com/2025/02/02/metro/trump-school-choice-executive-order-idea-title-i/

 

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Is America still a nation of small businesses?
       With Statistics from the Census Bureau

https://www.washingtonpost.com/business/2025/01/31/is-america-still-nation-small-businesses/

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Sports Briefs---

Steve Young in awe of Andy Reid’s evolution
    toward another Super Bowl
https://www.eastbaytimes.com/2025/02/02/andy-reid-super-bowl-chiefs-steve-young-49ers-byu/

Steve Young in awe of Andy Reid’s evolution
toward another Super Bowl
https://www.eastbaytimes.com/2025/02/02/andy-reid-super-bowl-chiefs-steve-young-49ers-byu/

Mexico has a 49ers-themed KFC
you have to see to believe
https://www.sfgate.com/sports/article/49ers-kfc-mexico-city-20063942.php

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California News Briefs---

Very dangerous': Trump dumps billions of gallons  
ofwater farmers were counting on for summer in California
https://www.msn.com/en-us/news/us/very-dangerous-trump-dumps-billions-of-gallons-of-water-farmers-were-counting-on-for-summer/ar-AA1ydtPY?ocid=msedgdhp&pc=U531&cvid=8e00512c37b844a980c45912db31d06e&ei=14

A world away from the Palisades and Altadena,
   landlords try to sell fire victims on living downtown
https://www.latimes.com/business/story/2025-01-30/a-world-away-from-the-palisades-and-altadena-apartment-landlords-try-to-sell-fire-victims-on-living-downtown

Birders flock to Morro Bay in California
    for annual festival
https://www.courthousenews.com/birders-flock-to-morro-bay-for-annual-festival/

Historic department store in wealthy
    California town to be demolished
https://www.sfgate.com/centralcoast/article/historic-macys-store-california-demolished-20063629.php

Massive pod of 1,500 dolphins spotted
    off California's Central Coast
https://www.sfgate.com/centralcoast/article/massive-pod-dolphins-spotted-california-20105737.php

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Gimme that Wine

 

http://www.youtube.com/watch?v=EJnQoi8DSE8

Why this celebrated California winery
    is closing after 12 years
https://www.sfchronicle.com/food/wine/article/vinca-minor-winery-closing-20053996.php

Allied Grape Growers President Once Again Makes Plea
  for Industry to Remove Thousands of Acres of Vines
to Help Right Size Imbalanced Market
https://www.winebusiness.com/news/article/297775

The Miller Family Honored as 2025 Grower of the Year
by California Association of Winegrape Growers
https://www.independent.com/2025/01/27/the-miller-family-honored-as-2025-grower-of-the-year-by-california-association-of-winegrape-growers/