Siemens Financial Services, Inc. Enhances Financing Capabilities in Healthcare, Energy and Industrial Sectors
Siemens Financial Services, Inc. (SFS Inc.), the U.S. company within the Siemens Financial Services group, today announced a new structure to provide tailored financing solutions focusing on sectors such as healthcare, energy and industrial. The new structure applies to Equipment Finance (EF) and Working Capital Finance (WCF) Divisions and closely aligns with Siemens’ corporate strategy, allowing SFS to leverage the industry expertise that exists throughout the organization.
“We are a committed business ally that combines the deep industry expertise of our parent company with flexible financing solutions to enhance the efficiency, productivity, and competitiveness of our customers,” said SFS Inc. President and CEO Roland Chalons-Browne. “By focusing on sectors such as healthcare, energy and industrial, we are well-positioned to deliver solutions that fully leverage on Siemens knowledge and expertise. Typical financial services firms don’t have access to this level of industry insight. We’re already seeing this benefit our business, with several new customer wins.”
SFS Inc. has bolstered its senior management team to lead the implementation of the new structure for EF and WCF Divisions.
“Customer-centricity and personal attention are critical ingredients of long-term financing relationships,” said Chalons-Browne. “As a result, we’re focused on attracting, developing and retaining proven industry experts who can deliver this to our customers. All appointments bring extremely valuable experience and expertise to the organization, and we’re excited to have the new team lead the company forward.”
In order to increase customer focus SFS Inc. has reinforced the sales activities of the EF and WCF Divisions by forming a Healthcare Finance Unit, an Energy Finance Unit and an Industrial Finance Unit – all of which are focused on helping customers in these three sectors expand their business by allowing them to invest in innovative technologies in the most cost-effective ways.
Kirk Edelman has been named Senior Vice President and General Manager of the company’s Energy Finance Unit. Kirk has broad industry experience in the power and energy markets and has executed transactions with companies such as El Paso, Entergy, ABB, Plains All American, Cinergy, Reliant and Texaco. He has an engineering degree from Bucknell and an MBA from Wharton. He joined SFS Inc. from GMAC, where he was managing director of the Project Finance business. In addition to GMAC, Kirk has had roles ranging from CFO to Project Engineer with companies including Translink Transmission, TD Securities, Dresdner Kleinwort Wasserstein, The Bank of Tokyo, Catalyst Energy, Westvaco and Exxon.
Andrew Carman has been named Senior Vice President and General Manager of the company’s Industrial Finance Unit. Andrew brings more than 17 years of commercial and international financing experience. He recently joined SFS Inc. having spent 10 years with GE Capital in senior roles in international M&A (focusing on Japan and Brazil), Chief Marketing Officer for Vendor financing, and more recent roles such as SVP Sales for industrial, technology and healthcare financing. He has an economics degree from Bates College and an MBA from the J.L. Kellogg Graduate School of Management; Northwestern University. Prior to GE, Andrew held leadership roles with Transamerica Commercial Finance, Chase Manhattan bank and Drexel Burnham Lambert.
John Sandstrom has been named Senior Vice President and General Manager of the company’s Healthcare Finance Unit. John has over 20 years experience working in the healthcare industry. He has published research, designed and developed magnetic resonance imaging products, computed tomography systems and imaging workstations. Earlier in his career, he was responsible for the U.S. computed tomography business for Siemens Medical Solutions.
Further appointments and confirmations will strengthen SFS Inc.’s senior management team.
Working Capital Finance (WCF) Division: Jim Fuller and Markus Schiffers have been named as Co-Heads of the WCF product house.
Project & Export Finance (PEF) Division: Jeffrey Cain has been appointed Senior Vice President of PEF. He will have responsibility for structuring Siemens U.S. based infrastructure projects, worldwide trade and export finance for goods manufactured in the U.S., as well as sales into the Latin American region. Cain has been with Siemens since 1987.
Insurance (INS) Division: Robert Garrison, Vice President, continues to lead the Risk Management/Insurance Unit for North America.
Matthias Grossmann has been named Senior Vice President and CFO. Matthias joined Siemens in 1995 and since then he has held different financial and performance controlling positions for Siemens AG and SFS. Prior to his current role Matthias was controller for the global equipment and sales financing business within SFS.
Rose Wynne Brooks has been named Vice President of Strategy, Corporate Development and Communications.
Robert Knapp has been named Senior Vice President of Business Development.
Pamela Cummings has been named Vice President of Human Resources.
As previously announced David J. Kantes has been named Senior Vice President and Chief Risk Officer.
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