North Mill Equipment Finance announced several executive and management promotions.
David Lee has been named as Chairman and CEO of North Mill Equipment Finance. Mr. Lee is also CEO of Colford Capital, North Mill’s parent company. Mr. Lee has over 30 years of financial services experience. Previously, Mr. Lee served as President of D.B. Zwirn & Co., a $6.5 billion AUM alternative asset manager and was the founding Managing Partner of Saturn Venture Partners and a Partner with the private equity firm of Sandler Capital. Mr. Lee began his career as an investment banker, most recently serving as a Managing Director at Lazard. He graduated magna cum laude from the Wharton School of the University of Pennsylvania.
Josh Rothman has been promoted to Executive Vice President and Chief Operating Officer. In his new capacity, Mr. Rothman will be responsible for directing North Mill’s daily operations, including marketing, credit, and technology infrastructure. Mr. Rothman joined North Mill’s predecessor company, Equilease, in 2003 as an analyst and has been involved in all aspects of the company’s management and operations, including marketing program development, credit policy & procedures, asset management, capital markets, financial reporting, portfolio management, documentation, restructuring, insurance, titling, and portfolio acquisition. He was educated at St. Lawrence University.
Mark Bonanno has been promoted to Executive Vice President and Chief Financial Officer. Prior to joining North Mill in the summer of 2016 as the company’s CFO, he was Chief Financial Officer at Advantage Funding and previously spent sixteen years at General Electric in various financial management roles, including Finance Manager of the Corporate Initiatives Group, CFO of Xerox Capital Services and Operational Controller of GE Energy Financial Services. Mr. Bonanno was educated at the University of Massachusetts and is a Certified Black Belt, Six Sigma. He is also a CPA and a graduate of the GE Management Development Course.
Dana Bowman has been promoted to Vice President of Portfolio Accounting. Reporting to the company’s Chief Financial Officer, Ms. Bowman is responsible for managing a team that handles the process of booking and accounting for new lease and loan transactions, monitoring the status of all portfolio accounts and processing their monthly payments. She joined North Mill’s predecessor company, Equilease, in 1997 as a staff accountant and has been involved in all aspects of the company’s portfolio accounting. She was educated at the University of New Haven.
Patricia Matthews has been promoted to Assistant Vice President, Portfolio Management, responsible for leading a team of Portfolio Managers. She joined North Mill’s predecessor company, Equilease, in 2004 in the remarketing department as the administrative coordinator and a remarketer. She then worked in marketing for several years, becoming one of the top salespeople in the company, and subsequently worked in the company’s legal collections and enforcement division. Patty’s previous experience in the leasing industry was with Neptune Computer Group and HBSC. She was educated at the University of Bridgeport.
Anthony Pontonio has been promoted to Assistant Vice President of Sales, Marketing and Customer Relationship Management responsible for managing North Mill’s business referral flow programs, the account management team and the customer service group. He is also responsible for developing, maintaining, and marketing relationships with the company’s third-party referral sources. Prior to joining North Mill in 2015, Anthony held various positions in the equipment finance industry with GE Capital, IBM Global Financing, and Pitney Bowes. He was educated at Sacred Heart University.
Aroub Bayazid has been promoted to Manager of Restructuring – Portfolio Management, responsible for assisting and resolving customer issues related to their equipment finance contracts. She joined North Mill’s predecessor company, Equilease, in 2007, as a Credit Analyst and, subsequently as an Assistant Portfolio Manager; she also spent two years as a Credit Analyst at Citicapital. Ms. Bayazid has an MBA from the University of Connecticut.
North Mill EF has over 55 years of experience originating and servicing equipment leases and loans. North Mill Equipment Finance is a subsidiary of Colford Capital Holdings LLC, a New York City based holding company that is building a diversified and industry-leading specialty finance and asset management business through acquisitions, strategic partnerships and new business development. In addition to North Mill Equipment Finance, Colford owns North Mill Capital, a national asset based lending and receivables factoring company based in Princeton, NJ. Colford is majority owned by Monitor Clipper Partners, a private equity firm that targets growth-oriented businesses with strong management teams and currently manages over $2 billion in capital.