PNC Launches New Structured Finance Group
PNC Equipment Finance announced the creation of a Structured Finance Solutions group to provide strategic services and creative solutions to large corporations, midsize companies and government entities around complex financial transactions. The in-house group, unique within the equipment finance industry, will focus initially on the energy, transportation, manufacturing, media, municipal and infrastructure sectors.
Ted Jenkins, Mark Williams, Mike Cross and Joe Amaro join PNC as managing directors of this Structured Finance Solutions Group, bringing more than 80 years of combined experience in structured finance and leasing markets. Jenkins, Williams and Cross will be based in Boston, and Amaro will be based in San Francisco. Prior to joining PNC, each worked for Global Structured Finance Advisors, an independent boutique advisory firm based in Boston.
“No one knows our customers and their businesses any better than we do. With increasing demand from customers to consult on a broader scale than the typical equipment financing deal, adding this capability internally is the best option for fully addressing the financial needs of our customers,” said Rich Doherty, PNC Bank’s president of equipment finance.