Macquarie Group has established an Office Technology Leasing Division in the United States, building on its deep experience in leasing IT equipment and a diverse group of leasing businesses globally. Macquarie has hired a seven-person team of sales executives with deep office technology leasing experience to form the core of the new team, which is being led by Vice President Fred Carollo.

The new division, based in Jacksonville, FL, is part of Macquarie’s Specialised and Asset Finance (SAF) business, a unit of the firm’s Commodities and Global Markets group.

“We believe that Macquarie will be able to blend its deep global leasing expertise with the insights of our specialist office technology team to develop best-in-class platforms,” said Kory Grant, Head of U.S. Sales at Macquarie SAF. “We are expanding our leasing business to include office technology during a time of industry dislocation because we believe in the long-term potential of the space and in our unique capabilities to serve customers well.”

Office technology vendors, manufacturers and their clients are increasingly seeking integrated technology and office equipment solutions. SAF’s Office Technology team will focus on providing innovative lifecycle solutions over a wide range of technology assets including office equipment, data security, document management and managed services. These will be designed to enhance both accessibility and affordability of technology assets for office technology vendors, manufacturers and their clients.

SAF provides leasing and financial solutions in more than 20 countries and there are 10 million assets processed and billed monthly by its systems. It has over 20 years of experience in raising residual value investments.