Key Equipment Finance Names David C. Magnelia Federal Field Sales Representative, Key Government Finance

SUPERIOR, Colo., April 12 /PRNewswire/ -- Key Equipment Finance, one of the nation's largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY) today announced the appointment of David C. Magnelia as federal field sales representative, Key Government Finance. In this role, Magnelia will oversee federal government sector sales for the company and be based out of the Washington, D.C. area.

"Dave brings to the company more than 20 years of progressive sales, marketing, and contract experience," said Paul Erwin, senior vice president for Key Government Finance. "He's worked in both the federal and public sector marketplaces, and with additional background working with IT vendors, will bring a unique perspective to the team."

Prior to joining Key Equipment Finance, Magnelia worked for Microsoft Corp. (Microsoft Financing) as business development manager. Before that, Magnelia was consulting sales manager for DLT Solutions, the largest government reseller for Oracle Corp., which followed public sector positions with Oracle Corp. and Oracle Financing Division. Additional federal experience includes past positions at Science Applications International Corp., Booz, Allen & Hamilton Inc., Naval Air Systems Command, and Defense Logistics Agency.

About Key Equipment Finance

Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business equipment financing solutions to businesses of many types and sizes. The company focuses on four distinct markets:

• businesses of all sizes in the U.S. (from small business to large corporate);
• equipment manufacturers, distributors and value-added resellers worldwide;
• federal, provincial, state and local governments as well as other public sector organizations; and
• lease advisory services for larger structured equipment needs including single investor and leveraged leases, securitizations, and structured debt.

Headquartered outside Denver, Colorado, Key Equipment Finance manages nearly $11 billion in assets and originates approximately $3 billion of equipment annually. The company has major management and operations bases in Albany, New York; London, England; Hong Kong, China and Sydney, Australia. The company, which supports clients in over 40 countries, employs approximately 700 people worldwide and has been in the equipment financing business for over 35 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at www.KEFonline.com.

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $93.3 billion. BusinessWeek magazine named Key the top bank in its Customer Service Champ 2009 edition, ranking Key 11th out of the top-25 companies that include many known for their customer service acumen. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.  For more information, visit https://www.key.com/.  

Key Equipment Finance Website: www.KEFonline.com

SOURCE Key Equipment Finance