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City National Hires Park to Expand Financings for Independent Equipment Leasing Firms

January 22, 2018, 07:19 AM

City National Bank announced today it has hired Cecilia Park as a senior vice president and senior relationship manager. Park will lead the bank’s effort to provide a full-suite of financing and banking services to independent corporate clients that offer equipment leasing, nationwide, ranging from general equipment to transportation leasing such as aircraft and containers. She will report to Garen Papazyan, senior vice president with City National’s structured finance unit.

“We are very excited to have Cecilia join our team and lead our equipment lease finance expansion,” said Aaron Cohen, executive vice president and head of City National’s structured finance unit. “City National has a long history of providing exceptional financial solutions, and this newly launched effort to provide financing to independent equipment leasing companies that do everything from lease computers to aircraft strengthens the bank’s capabilities.”

Park has more than 20 years of leasing experience as a banker, investor and operator. Most recently, she served as president of Axis Capital, Inc., an independent equipment leasing company. Prior to Axis, Park was a Managing Director and head of UBS’s Global Transportation Structured Finance Group where she specialized in providing capital markets solutions to aircraft and other transportation leasing companies.

“I am proud to join City National’s team of outstanding professionals,” said Park. “I look forward to leveraging my multi-faceted experiences in the leasing industry to provide tailored financial solutions to independent leasing companies.”

City National’s expertise in equipment leasing includes First American Equipment Finance, a wholly owned subsidiary of City National that is based in Fairport, New York. First American serves middle market and investment-grade organizations throughout the U.S., focusing on technology hardware and software solutions and infrastructure improvements. It specializes in complete projects — combining products or services from multiple vendors and service providers into a single equipment lease. First American is ranked among the largest equipment finance companies in the United States.

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