J.P. Morgan Commercial Banking named Linda Redding its new head of equipment finance and announced expanded responsibilities for Mac Fowle as its head of capital finance solutions.

Redding will lead a team responsible for overseeing equipment finance originations and solutions for business clients. She will report to Fowle, who will oversee the equipment finance business while continuing to lead the asset-based lending business.

Redding joined J.P. Morgan after spending more than 26 years at Wells Fargo, where she was most recently deputy chief credit officer for equipment finance. She held various roles in equipment finance over the last 14 years, including serving as the firm’s national sales manager for equipment finance. She joined Wells Fargo’s equipment finance team after holding various roles in its corporate and investment bank.

Fowle has served as J.P. Morgan Commercial Banking’s global head of asset-based lending since February 2021. Prior to that, he was chief risk officer for asset-based lending and worked in high yield and leveraged loan capital markets for J.P. Morgan’s corporate and investment bank. He joined J.P. Morgan in 2007 and has more than 20 years of experience in leveraged finance and asset-based lending.

Redding is based in Charlotte, NC, and Fowle is based in New York and will continue to report to Jay Droogan, head of credit markets for J.P. Morgan Commercial Banking.