TORONTO, April 2, 2012 /CNW/ - MultiSource Capital Corporation announced today that leasing industry veterans Danny Lebovics and Thane Sinclair have joined the company. In his role as President, Lebovics will lead MultiSource's strategic direction, head up the company's business development efforts and manage its relationships with investors and funders. In his capacity as General Manager, Sinclair will run MultiSource's operations and oversee CreditForce, the company`s proprietary Credit Submission, Lease Management and Document Generation application.
"Our board members are excited to have Danny and Thane bring their experience, networks and leadership to MultiSource," said Tim Gould, Chairman. "We have invested a lot of time and effort working with brokers, equipment finance industry experts and an award-winning IT development firm to build CreditForce as well as establishing the foundations of a solid capital structure."
Lebovics said, "The equipment finance needs of Canadian businesses are very well served by the broker channel. We offer brokers a funding alternative to foreign owned finance companies and large Canadian institutions. When I saw the investment in systems, met with the MultiSource team and understood the strength of the company's capital structure, I knew that I had to be a part of this business."
"CreditForce was designed as a complete front-to-back equipment leasing system from the perspective of the broker," said Sinclair. "My job is to make sure that our policies, procedures and processes are executed as well as our software. We are confident that our product and service will provide the broker channel and their vendors and customers a best-in-class experience."
Prior to joining MultiSource, Lebovics spent 14 years in various leadership roles with CIT Group in operations, finance, sales and syndications, and most recently was SVP & General Manager of CIT's joint venture, Dell Financial Services Canada. Danny also is a Corporate/Commercial lawyer and a C.A. with experience in audit and advisory.
Sinclair brings with him a breadth of experience in equipment finance. His leasing career highlights include 17 years at Xerox Canada in sales and lease management roles, 4 years as a broker and a stint as a National Program Manager with CIT's Vendor division. Thane was also VP Finance of a company that provided green energy solutions to the residential marketplace.
About MultiSource Capital Corporation
MultiSource is a privately-owned, independent, Canadian equipment finance funder that sources its business exclusively from intermediaries. The company is an 'A' credit funder that focuses on small and mid-ticket leases for small and medium businesses.
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For further information, please visit www.multisourcecapital.com or contact:
(416) 444-7779 x201