FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Axis Capital Announces Major Expansion

September 27, 2016, 07:20 AM

Axis Capital announced a major expansion initiative by opening two new regional sales offices. This brings the total number of Axis regional sales offices to five, and supports Axis’ expanded vendor originations platform. The first new office, based in Philadelphia, Pennsylvania covers the Mid-Atlantic region. Leading the Axis Philadelphia office is nearly 25-year industry veteran, Scott Hamburg.  Scott brings to Axis a particular expertise in financing equipment in the Technology space as well as general equipment types. 

The second new office, based in Dallas, Texas covers the South Central region. This office is led by Brent McWhorter, who brings more than 25 years of industry experience to Axis. Brent’s focus is on Construction, Transportation, Commercial and Industrial equipment financing while placing emphasis on lower middle market transactions ranging from $100,000 to $2,000.000. Both offices host multiple sales and auxiliary support functions. Additional personnel appointments include Jeremey Scott to the Grand Island office, and Kenneth Foster to the Dallas office.

 “Opening two new U.S. regional offices augments Axis’ ongoing strategy of directly supporting vendor and customer relationships throughout the US,” said Michael Karman, Axis’ Chief Commercial Officer.  “Additionally, we are delighted that two highly respected senior level industry veterans have decided to join us to lead our growth efforts in their respective regions.”

Axis Chairman and CEO, Mostafiz ShahMohammad added, “In preparation for future growth, Axis is continually focusing on solidifying and growing the business relationships which are central to our ongoing success.”

Axis’ business continues to flourish and with this expansion, the company is building out its infrastructure to accommodate foreseeable growth while maintaining a dedicated and high customer service level. In the first quarter of 2016, Axis announced that the company increased its overall origination volume from $132.2 million to $213.0 million between 2014 and 2015, representing a 56 percent increase.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.