Key Equipment Finance Names Jonathan L. Fales Vice President, Strategic Business Development

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Fales offers 36 years of experience in information technology and equipment leasing.

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I look forward to working with Jon to uncover new market opportunities that can benefit from Key Equipment Finance’s solutions and expertise. - Tim Duerr, SVP, business development, Key Equipment Finance

Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY), has named Jonathan L. Fales vice president of strategic business development. In this role, Fales will define, prioritize, and execute in areas of focus for new markets and other strategic business development initiatives.

“Jon brings more than 36 years of experience to this position, including numerous roles around the world in the information technology and equipment leasing fields,” said Tim Duerr, senior vice president of business development for Key Equipment Finance. “I look forward to working with Jon to uncover new market opportunities that can benefit from Key Equipment Finance’s solutions and expertise.”

Before joining Key, Fales was senior managing director and a partner in The Alta Group, where he advised some of the largest equipment financing firms in the world in areas such as vendor programs, market entry, competitive benchmarking and international leasing. Previously, Fales worked for IBM and IBM Global Financing for 21 years, serving in a number of global executive positions. His most recent position with IGF was as the Singapore-based general manager of their Asia Pacific South leasing operations.

Fales is a former member of the Equipment Leasing and Finance Association (ELFA) board of directors and executive committee, and is author of numerous articles and white papers written for the ELFA. He is a frequent speaker at equipment leasing industry conferences and conventions around the world.

Fales has a bachelor’s degree in mathematics from Vanderbilt University.

Key’s business development experts offer finance and leasing expertise to a range of industries, like renewable energy, government, business and healthcare. Learn more at

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 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’s specialty finance group includes a lease capital markets team to support corporations looking to optimize risk and revenue, and a lender finance team, which provides structured facilities to various sectors of the specialty finance market.

Headquartered outside Denver, Colorado, Key Equipment Finance manages $8.5 billion in assets and originates nearly $4 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 17 countries, employs approximately 500 people worldwide and has been in the equipment financing business for 40 years. For more information, visit

About KeyCorp
KeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key had assets of approximately $90.7 billion at September 30, 2013.

Key provides deposit, lending, cash management and investment services to individuals and small and mid-sized businesses in 14 states under the name KeyBank National Association. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit KeyBank is Member FDIC.

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Stacey Hartmann
Key Equipment Finance

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