Element Fleet Management Corp. announced the appointment of Israel (Izzy) Kaufman as Executive Vice President and Treasurer, effective Dec. 3.

Kaufman brings to Element more than two decades of experience in treasury at leading financial services companies, overseeing key areas, including funding, liquidity, interest-rate risk and banking relationships. He will be based in Toronto and report to President and Chief Executive Officer Jay Forbes. Kaufman succeeds the company’s longtime Treasurer, Karen Martin, who, as previously announced, is retiring from Element.

“We are delighted to welcome a seasoned executive with such wide-ranging and relevant experience to our leadership team,” said Forbes. “Izzy will play a vital role as we continue to strengthen and de-risk our investment grade balance sheet, grow our syndication capability, access the senior unsecured corporate debt market and mature Element’s capital structure.”

Kaufman joins Element from Cross River Bank, a member of the 2019 Forbes FinTech 50, where he served as Senior Vice President, Capital Markets. Prior to that, Kaufman was Global Treasurer at CIT Group Inc. Earlier in his career, he held senior treasury positions at The Goldman Sachs Group Inc., including as Treasurer of Goldman Sachs Bank USA. He holds a bachelor’s degree in economics from Yeshiva University and a master of business administration (finance) degree from Columbia Business School.