Richard McAuliffe, Senior Vice President and Chief Operating Officer Key Equipment Finance Canada Ltd., Named Chairman of CFLA

TORONTO, Sept. 15, 2017 /CNW/ - The Canadian Finance & Leasing Association (CFLA) today announced that Richard McAuliffe has been named chairman of the board of directors. The appointment was made at the 44th Annual General Meeting of the CFLA earlier this week. McAuliffe is senior vice president and chief operating officer Key Equipment Finance Canada Ltd.

"Everyone welcomes Richard's appointment," said David Powell, CFLA president and CEO. "He is a respected and effective industry leader. His energy and thoughtful advice will continue to make a major contribution to the association and advance the interests of the industry."

McAuliffe is responsible for Key Equipment Finance's Canadian operations. He is also responsible for direct originations, supporting bank clients' equipment finance needs in Canada and managing the equipment finance programs for all of the company's vendor customers, including equipment manufacturers and distributors who have operations and clients in Canada.

Before joining Key Equipment Finance in 2003, McAuliffe was associate vice president and general manager of TD Bank Asset Finance's leasing business, where he had worked since 1996. Prior to that, he was vice president risk manager and operations at GE Capital Canada Inc. He also held the position of assistant credit manager and treasurer at The Chase Manhattan Bank of Canada.

"Throughout his career, Richard's main focus has been on empowering the people around him," said Adam D. Warner, president of Key Equipment Finance. "The Canadian Financing & Leasing Association plays an important role in advocating for the equipment leasing industry in Canada, and Richard's industry expertise and leadership skills make him well suited to serve as chairman of the association. I congratulate him on being selected for this position and look forward to supporting him in this role."

An active member of the Canadian Equipment Finance and Leasing Association for over 20 years, McAuliffe has served and chaired various committees and is a member of the executive committee.

In addition to McAuliffe's appointment, the board also appointed the following individuals to serve on the Executive Committee:

Tom Pundyk (National Leasing), Immediate Past Chairman
Peter Horan (DLL Financial Services Canada Inc.),Vice-Chairman
Patrick Lefebvre (VW Credit Canda, Ltd.), Secretary-Treasurer
Stefan Karrenbauer (Mercedes-Benz Financial Services Canada Corporation/Daimler Truck Financial)
Douglas McKenzie (BAL Global Finance Canada Corporation)
Paul Monjanel (Ford Credit Canada Ltd.)

About the CFLA
The Canadian Finance & Leasing Association/l'Association canadienne de financement et de location is the business association that represents the asset-based finance, equipment and vehicle leasing industry in Canada.  With almost 250 corporate members, the industry finances over $370 billion worth of assets in Canada.  After traditional lending, the asset-based finance industry is the largest provider of capital and credit to Canadian consumers and businesses.

Asset-based financing is offered by banks, credit unions, government financial institutions, manufacturer finance companies, independent finance companies and by vendors.  Manufacturers extend financing to customers through their finance subsidiaries or in partnership with independent financing companies.  In this way, customers of vehicle dealers and equipment vendors can obtain financing at the point of sale.

SOURCE Canadian Finance & Leasing Association

For further information: David Powell, President & CEO, Canadian Finance & Leasing Association, Association canadienne de financement et de location, 15 Toronto Street, Suite 301, Toronto, Ontario, Canada M5C 2E3, (416) 860-1133, ext 24, Toll-free 1+(877) 213-7373, ext 24, david.powell@cfla-acfl.ca, www.cfla-acfl.ca

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Canadian Finance & Leasing Association

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