Fifth Third Bank, National Association, announced leadership and organizational changes for its Commercial Equipment Finance group. With a focus on the client experience, the moves are designed to better streamline the business strategy and maximize talent.
- Dave Drury has been promoted to Head of Equipment Finance and will now oversee the management and execution for the entire equipment finance business including direct sales, indirect originations, syndications, operations, pricing and documentation teams. He will report to Tom Partridge, Executive Vice President and Head of Commercial Specialty Products.
- Ernie Tsorvas, who previously oversaw national sales for the Equipment Finance group, has been promoted to Head of Direct Sales. This expands his current responsibilities to also lead the LaSalle Leasing and Celtic Commercial sales teams. Tsorvas will continue reporting to Drury.
- Scott Kiley will lead a new Equipment Finance Capital Markets group. The new group integrates the Lease Banking indirect origination, LaSalle Leasing and Celtic Commercial syndication units with the Equipment Finance indirect originations and syndication teams. Kiley will report directly to Drury in this new role. He previously led the Equipment Finance group’s indirect originations team and has more than three decades of experience in the industry.
“We continue to advance our commercial capabilities and simplify how we work as One Bank to best serve our clients,” said Partridge. “Coupled with established leaders and exceptional talent across the group, we have positioned ourselves to deliver cohesive and strategic solutions for the industry.”
Other leadership changes as part of the new Equipment Finance Capital Markets group include:
- Mike Hube will lead the combined syndication teams to coordinate the units’ distribution activities. He will report to Kiley in this role.
- Eric Staczek will report to Kiley and oversee the indirect originations team, which acquires transactions in the secondary market from Equipment Finance’s institutional capital markets partners.
- Brian Griffin will continue in his role leading the Lease Banking origination team and will also report to Kiley.