Molloy Associates, the executive search firm exclusively serving the equipment finance and asset-based finance industries, hired Scott J. Preiser as senior vice president/client partner.
Preiser has more than 30 years of experience leading independent and bank-owned leasing companies in a variety of niche equipment finance markets, having held marketing and sales positions with GE Capital, The Neptune Group and PNC Bank Equipment Finance. Preiser was a founding partner at HealthCapital, which succeeded in creating customer leasing solutions and exclusive programs for large, publicly-traded healthcare vendors.
Preiser joined Molloy Associates this month and is using his deep industry insight to work with clients to fill roles within their organizations.
“Scott has an impressive amount of experience within the equipment leasing and finance industry,” Lisa Rafter, owner of Molloy Associates, said. “His industry expertise and unparalleled industry network access make him an invaluable addition to our team as we continue to endeavor to serve the best in equipment finance.”
“I’m thrilled to join Molloy Associates,” Preiser said. “I am eager to give back to the industry that has served me well over the past 30 years to invest in and deliver superior talent to the equipment finance industry.”
Molloy Associates has successfully recruited executives for the top Monitor 100 companies from within and outside the industry. Molloy Associates’ recruiters endeavor to understand each client’s needs fully and provide quality over quantity candidates during the search process. In 2022, the company will celebrate its 50th year of providing exceptional executive search services to employers in the equipment finance and leasing industry.
A seasoned leasing executive with more than 30 years of experience leading independent and bank-owned leasing companies in a variety of niche equipment finance markets, most of Preiser’s experience and success has been in the vendor leasing business. During his career, Preiser has held marketing and sales positions with GE Capital, The Neptune Group and PNC Bank Equipment Finance. As one of the founding partners of HealthCapital, his company succeeded in creating customer leasing solutions and exclusive programs for large, publicly-traded healthcare vendors. In 2005, the assets of the company were sold to GE Capital.
Most recently, Preiser was hired by Live Oak Bank to build and execute a tax leveraged solar operating lease business to maximize tax efficiency and yield requirements for the bank. His responsibilities included producing a solar leasing risk assessment, business plan and financial model utilizing SuperTrump and ABC lease modeling software and a lease credit policy to meet stringent parameters outlined by Live Oak Bank senior management. Within one year, Preiser and the bank booked more than $150 million of solar operating leases as well as a pipeline of future business with trusted, nationally known developers. The advent of tax reform, mainly the reduction of the corporate tax rate, curbed the bank’s ability to efficiently utilize tax benefits associated with these leases and the program was discontinued.
Immediately following the discontinuation of the tax leveraged solar leasing program, Live Oak Bank appointed Preiser general manager of equipment finance. Preiser was tasked with setting up a streamlined and automated small-ticket leasing program to support the bank’s 15 SBA vertical markets. Projects under his supervision included due diligence and selection of a core lease operating system, streamlined process flow and industry risk assessments using Experian, Paynet and FICO SBSS7 to develop a progressive/regressive auto-approval process and lease origination system.
