Richard J. Paine, Sr. was appointed National Marine sales manager for Signature Financial's new commercial marine finance initiative.
In this capacity, he will lead Signature Financial's direct commercial marine business development efforts and aid in the development of the new unit's strategic direction.
brings more than 20 years of marine lending expertise to his
Most recently, he was National Finance Manager in the Commercial Marine Group at TCF Equipment Finance, where he started the company's specialized maritime and transportation group, targeting shipbuilders, operators, service providers and vessel owners.
created the marine lending initiative at Key Equipment Finance.
He also held other finance and business development roles at CitiCapital, GE Commercial and Debis Financial Services, a division of Daimler Chrysler.
"This is an exciting endeavor for Signature Financial and Signature Bank
, as we extend our specialty finance expertise into additional thriving industries.
Since identifying significant opportunities within both the franchise and marine sectors, we are pleased to have attracted talented professionals like John, Richard and Tom to lead Signature Financial's expansion in these two specialty areas.
will work from Signature Financial's
Melville, Long Island, NY offices.
He writes about the commercial marine business for industry trade publications and also is a speaker and moderator on relevant subject matter.
He is a member of the Passenger Vessel Association and the American Waterways Operations, and former member of Society of Naval Architects and Marine Engineers.