Today s Equipment Finance Landscape Bruce Pennington, Dion Farentino & David Magier RBC Royal Bank Equipment Finance
Unlock True Potential
Moderator Bruce Pennington, Vice President, RBC Royal Bank Equipment Finance Canada Bruce Pennington joined RBC over 25 years ago. He is currently the Vice President responsible for the Equipment Financing business across Canada, a position he has held for the past 7 years. Over his RBC Career, Mr. Pennington has held positions within Commercial Banking, Internal Audit and Agriculture. Prior to joining RBC Bruce held senior positions with a government lending agency as well as other financial institutions. Mr. Pennington has worked with thousands of customers from small businesses to the largest Canadian corporations helping them protect and grow their business. Bruce has provided advice and council across many industries including agriculture, aerospace, public sector, manufacturing, transportation, energy to name a few. He has served on several boards and industry associations as a volunteer. Bruce was born on a family farm in Saskatchewan and has lived in six Canadian provinces as well as working in the United States. Bruce holds a Degree in Agricultural Economics from the University of Saskatchewan and a Masters of Business Administration from Simon Fraser University. He currently resides in Montreal with his family.
The Panelists Dion Farentino, Vice President, RBC Royal Bank Equipment Finance Greater Toronto Region & Ontario North & East Dion Farentino joined RBC on December 1, 2010 as strategic leader for the Canadian Equipment Finance team focused on new business development and national vendor programs. He currently manages a team responsible for all equipment financing requirements in the Greater Toronto, North and Eastern Ontario markets. Prior to joining RBC, he has held a number of leadership positions for companies such as MCAP Leasing, GE Capital and Ryder. Mr. Farentino has been in the Equipment Finance industry for over 25 years, he is an active member of the Canadian Finance and Lease Association and Equipment Leasing Association of North America. Dion also sits on various industry specific associations within Canada for the transportation, construction and manufacturing/industrial market. Dion has direct experience in small ticket, mid-ticket, large ticket commercial and consumer financing programs. Dion Farentino has an honors degree from the University of Toronto and his MBA from Athabasca University. David Magier, Vice President, RBC Royal Bank Equipment Finance Southwest Ontario & Atlantic Canada Dave Magier ( major ) is entering his 26th year in the banking industry after graduating from McMaster University with an Economics degree. For the past 15 years, David has specialized with RBC in the equipment finance business. He is considered an expert in the equipment finance sector for RBC with proven experience covering not only Commercial Markets, but also the Capital Markets client segment with some of Canada s largest corporations. His various roles within the RBC s equipment finance business have given him the opportunity to help clients from coast to coast. He has spoken to the Canadian Institute of Chartered Accountants numerous times as part of their professional development series and routinely delivers insightful presentations on behalf of RBC to various industry sector groups and clients. Whether it is agriculture, transportation, manufacturing, retail, energy, construction, David has had experience financing various equipment assets to help Canadian companies reach their full potential. He is currently responsible for RBC s equipment financing teams in South Western Ontario and Atlantic Canada with a focus on developing new relationships and creating value with customized equipment finance solutions. David resides in Hamilton Ontario with his wife and two boys.
Discovery
Planning
Current Trends Source: CFLA Report data provided by The Centre for Spatial Economics
Evolution
Selection
Entering an Equipment Finance Contract
Planning Ahead
Equipment Financing and Strategy
Access to Capital EASY BETTER
Equipment Finance Alternatives
Depreciating Assets
Succession Planning and Equipment Financing
Which Assets Will Most Likely Hold or Increase in Value?
Conclusion