First Leasing Bank appoints new CEO

First
Leasing Bank, the first bank in the GCC specialising in industrial equipment
leasing, held a handover ceremony today, at which outgoing CEO James Cracco
formally passed the reigns on to new CEO, Gregory T. Brinkerhoff. Brinkerhoff
comes to First Leasing Bank from Oracle Corporation in California,
USA,
where, he was part of the senior management team which drove Oracle’s vendor
financing programme through its first major growth phase, increasing vendor
financing to over $1 billion annually. As part of the senior management team,
Brinkerhoff spent 15 years with Oracle Corporation developing and managing lease
financing programmes in North America, Asia Pacific and Europe.

 

“The
equipment leasing industry in the Gulf is still in its infancy, and, as the
pioneer of equipment leasing in the GCC, First Leasing Bank is well positioned
to capitalise on its potential for growth. While many challenges still lie
ahead for me in my new role, the Bank, under Jim’s guidance, has built a solid
foundation for itself from which to further expand its business regionally,”
said Brinkerhoff.

 

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