Key Equipment Finance (KEF), a division of KeyBank, promoted Shawn Arnone to managing director of Key Equipment Finance’s Capital Markets Group. Arnone will be responsible for oversight of the leasing and structured finance team, supporting all lines of business and clients seeking access to capital and structured facilities. He reports to Peter Bullen, group head of KEF. Arnone will continue to serve as group head for Key Government Finance, as well.

“Shawn brings more than 30 years of relationship management experience to this role, particularly with the equipment and commercial finance sector,” said Bullen. “This new role combines his business development and leadership experience to ensure KEF continues to support bank relationships and remains a dominant force within the equipment financing industry. I look forward to his ongoing success in providing exceptional value to our clients and bank partners.”

Arnone has been with KEF for nearly a decade, most recently as group head of Key’s manufacturer and government alliances business division.

Prior to his role at KEF, Arnone served in equipment financing roles with Canon Business Solutions, CIT, RBS Citizens Asset Finance and EverBank Commercial Finance. He holds an MBA degree from Baruch College and attended St. Peter’s University for his undergraduate studies.