David Quon joined KeyBank Business Capital, the asset-based lending arm KeyCorp, as a senior business development executive. Quon will be based in Chicago and report to Paul Cronin, head of KeyBank Business Capital.
Gary Kidd has joined Key’s asset-based lending business as senior vice president based in New York. Kidd was previously with GE Capital Markets most recently serving as SVP.
KeyBank Business Capital said it is expanding its ABL lending program with the addition of SVP Michael Wingard who will be based in Seattle. Wingard was previously with PNC Business Credit.
While all indicators, including recent articles in ABF Journal, pointed to the fact that activity decreased in 2012, KeyBank Business Capital’s Laurie Muller-Girard has noted that for the company, asset-based lending increased prompting the company to expand its division with new personnel to cover the growing market.