|
July 2006
Swandel and Associates is
pleased to announce Murray
Derraugh has joined the company
as an associate. Derraugh is
highly regarded for his depth of
experience in leasing and
manufacturing. Mr. Derraugh will
be involved in providing greater
general management support to
existing clients and assisting
prospective clients with
strategic and general management
consulting.
Murray Derraugh has held
progressive positions in the
financial services sector over
the past 10 years. Most recently
Derraugh served as the Director
Portfolio Management for CUETS
(Credit Union Electronic
Transaction Services) servicing
Credit Union MasterCard and a
large national retail MasterCard
issuer. Prior to joining CUETS,
Derraugh held the positions of
National Credit Manager, Western
Canada Sales Manager and
Director of Credit for National
Leasing. While a National
Leasing Derraugh started a sub
prime leasing company called
Vision Credit that serviced the
broker and direct
sales channels. Prior to
entering the financial services
sector, Derraugh spent 12 years
in the manufacturing sector.
This variety of positions and
industries has provided Derraugh
with an extensive knowledge
base to draw upon.
Over the last 2 years Derraugh
has worked with Swandel and
Associates on various projects,
with a focus on operational
issues. Derraugh's skill set
includes general operation
management, credit, collections
including collection agency
management, support services,
staffing models, performance
management, and management
operating system development.
Derraugh earned his bachelors
degree from the University of
Manitoba and has taken several
management courses over his
career including industry and
credit scoring conferences.
Derraugh officially joined
Swandel and Associates on Monday
June 12th. "I am looking forward
to working with Hugh Swandel on
a more full time basis. We have
several challenging projects and
a growing client base requiring
a variety of assistance. Swandel
and Associates has established a
reputation for being able to
obtain debt and securitization
facilities for growth oriented
Lessors. It will be a pleasure
to assist in expanding the
services offered to a growing
client base.”
March 2006
Hugh Swandel to speak on “Cross
Border Leasing” at the United
Association of Equipment Lessors
Spring Conference (May 4 – 7th,
Dana Point, California, for
details see www.uael.org).
January 2006
Acted for U.S. based equipment
vendor to secure additional
funding source for embroidery
equipment leases.
January 2006
Acted for Canadian based Heating
Ventilating and Air conditioning
firm to secure U.S. long term
funding program for consumer
HVAC equipment and installation
financing. Transaction required
sourcing finance company to
replicate a successful Canadian
rental offering for the U.S.
market.
December 2005
Acted for Consumer Finance
Company to secure credit
approval for an Eight Figure
Securitization Facility which
included portfolio servicing.
The finance company specializes
in long term financing for
heating ventilating and air
conditioning (HVAC) equipment.
December 2005
Acted for Vehicle and Consumer
Lending firm to review existing
funding agreements and recommend
alternatives.
November 2005
Acted for Vehicle Lessor to
review possible acquisition of
seven figure portfolio.
November 2005
Acted for Equipment Lessor to
review and offer to purchase
high risk equipment lease
portfolio.
|
|
Swandel
and Associates acted for
Cars4U throughout the
process of locating and
negotiating the US$58
million transaction
involving Pawnee Leasing. Swandel and Associates
responsibilities included
locating the acquisition and
providing extensive due
diligence services.
(October 2005) |
|
|
|
Hugh Swandel spoke at the Canadian Finance and Leasing Association 2005 Annual Conference (Working Smarter for Tomorrow September 14-16, Vancouver B.C.)
(September 2005) |
|
|
|
Speaker: UAEL (United Association of Equipment Lessors) Regional Meeting – “The State of Lessor Funding in Canada”.
(July 2005) |
|
|
|
Speaker: ELA (Equipment Leasing Association of America) Business Technology Solutions Conference (Securitization Technology).
(June 2004)
|
|
|
| |
Acted for Start Up Lessor to
negotiate alliance and funding
agreement. The agreement created
Eight Figure Funding resources
and a shared back shop services
agreement.
(September 2005)
|
|
|
| |
Acted for Lessor to negotiate and obtain an eight figure securitization facility.
|
|
|
| |
Acted for Vehicle Lessor acquiring small portfolio of lease transactions. Carried out due diligence and assisted with negotiations.
|
|
|
| |
Acted for Seller of Medical Billing Software Firm. The Company was successfully sold to U.S. interests.
|
|
|
|
|
Arranged Seven Figure Debt Facility for Canadian Small Ticket Equipment Lessor. (December 2004)
|
|
|
|
|
Moderator CFLA (Canadian Finance and Leasing Association) Annual Conference Session: Private Bulk Lease Financing. (September 2004)
|
|
|
|
|
Completed Review of U.S. master broker and recourse agreement. Project included risk reward profile of current agreement along with negotiating points to improve earnings and reduce risk. (August 2004)
|
|
|
|
|
Arranged mid seven figure Financing for Acquisition of Block of Finance Contracts in HVAC industry. (August. 2004)
|
|
|
|
|
Developed Credit and Operations Manual for early stage Lessor requiring enhanced procedures prior to soliciting additional debt financing.
|
|
|
|
|
Negotiated mid seven figure debt facility for early stage Lessor looking to increase Canadian presence. (June 2004)
|
|
|
|
|
Provided Merger and Acquisition Services to Lessor seeking to expand through acquisition.
|
|
|
|
|
Assisted existing Lessor with expanding funding lines by negotiating and closing 8 figure securitization facility. Project included preparing a complete analysis of existing portfolio, go forward credit policies and negotiating all terms of securitization agreement. (June 2003)
|
|
|
|
|
Negotiated Software contract on behalf of leading leasing software specialist. Developed and implemented U.S. business development program for same technology firm.
|
|
|
|
|
Negotiated origination agreements on behalf of new funder entering the market. Identified several reputable origination sources and established flow of credit transactions.
|
|
|
|
|
Assisting new funding source with screening and choosing outsourcing partners for accounting, administration and collection. Project includes negotiating pricing and terms as well as training and implementation.
|
|
|
|
|
Researched Securitization and Debt sources for leading provider of Commercial Real Estate Mortgages.
|
|
|
|
|
Facilitated Customer Seminar for Leading Industry Software developer.
|
|
|
|
|
Negotiated origination agreements on behalf of new funder entering the market. Identified several reputable origination sources and established flow of credit transactions.
|
| |
|
