Key Equipment Finance Names Tim Duerr as Senior VP, Business Development for Vendor Alliances
Key Equipment Finance,?one of the nation?s largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY), has named Tim Duerr as senior vice president of business development for the manufacturer and vendor alliances team. In this role, Duerr will lead a team of business developers to establish large manufacturer and vendor program opportunities, as well as create and manage a robust pipeline of new vendor program opportunities with market leaders in information technology, healthcare, government finance and energy.
?Having previously worked closely with Tim, his business development acumen, cross functional leadership skills, deep insights into the challenges and opportunities faced by manufacturers and finance companies in the global competitive environment, and strategic approach to new products and market opportunities make him a terrific fit for the role and Key Equipment Finance,? said Brian Madison,?senior vice president of U.S. manufacturer & vendor alliances at Key Equipment Finance. ?I look forward to working with him as our team continues to develop strong adviser relationships with manufacturer and vendor customers.?
Prior to Key Equipment Finance, Duerr held a variety of positions at Microsoft, including five years at Microsoft Financing where he initially joined the team in the United Kingdom and led a successful European expansion. Upon establishing the European country and operational infrastructure, Duerr moved to Microsoft?s headquarters to lead the Worldwide Business Development team while also serving as the managing director for the Asia Pacific and Latin America regions. Prior to joining Microsoft Financing, Duerr was a managing partner for Whyte Dearing Associates, UK, and held a variety of business development and sales roles in the UK for Hambros Bank and Barclays Asset Finance.
About Key Equipment Finance
Key Equipment Finance?is one of the largest bank-based equipment finance providers in the U.S.?The company provides tailored equipment lease and finance solutions for small-to-large commercial clients and government entities. Through its vendor services unit, equipment finance programs are developed for manufacturers,?distributors and?resellers in the U.S., Canada and Europe. Key Equipment Finance specializes in the technology, healthcare, renewable energy and corporate aviation markets, as well as other capital assets.?Additionally, Key Equipment Finance provides lease capital markets support for corporations looking to optimize risk and revenue.
Headquartered outside Denver, Colorado, Key Equipment Finance manages nearly $9 billion in assets and originates over $3 billion of equipment financing annually. The company has management and operations bases in Albany, New York; London, England; Frankfurt, Germany; Madrid, Spain; Milan, Italy; Paris, France and Toronto, Canada. The company, which supports clients in over 30 countries, employs approximately 575 people worldwide and has been in the equipment financing business for over 35 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at?www.KEFonline.com.
About KeyCorp
Cleveland-based KeyCorp (NYSE: KEY) is one of the nation?s largest bank-based financial services companies, with assets of approximately $92 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. For more information, visit?www.key.com.
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