Credit Lyonnais bolsters aviation commitment to the Americas; announces staff changes in New York.NEW YORK--(BUSINESS WIRE)--Oct. 1, 1996--Credit Lyonnais announced from its America's headquarters in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of today that it is reinforcing both its coverage and its product offerings to the aviation industry in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Credit Lyonnais is one of the premier aviation banks in the world, with a strong presence in the European and Asian markets. In the Americas, Credit Lyonnais is placing a particular emphasis on capital markets and structured finance products in order to complement the global offerings of its Aviation Group worldwide. In support of this new strategy, the following staff changes are also being announced: Mark T. Tuminello, formerly head of the U.S. Aviation Group, is now a director of Credit Lyonnais Securities (USA) Inc. ("CLS (Common Language Specification) The structure and syntax of .NET and CLI programming languages. See .NET. "), and has assumed responsibility for aviation related structured securities and notes. Since launching its Structured Securities effort in early 1995, CLS has completed several aircraft and property related securitizations, including recently, the origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real , structuring and placement of Enhanced Equipment Trust Certificates for USAir. William Van Alsten has joined Credit Lyonnais as vice president and manager of the U.S. Aviation Group, reporting to Pascal Poupelle, senior vice president of the Specialized Industries Division in the Americas. Prior to joining Credit Lyonnais, Van Alsten was vice president, customer finance at United Technologies Corp. since 1992. From 1981 to 1992 he held several financing and marketing positions at the McDonnell Douglas McDonnell Douglas was a major American aerospace manufacturer and defense contractor, producing a number of famous commercial and military aircraft. It merged with Boeing in 1997 to form The Boeing Company. Corp. "Bill's exceptional comprehension of the global aviation marketplace and his in-depth understanding of its players will significantly contribute to the further development of Credit Lyonnais' aviation business," said Poupelle. "In addition, the fact that Mark's talents are now totally dedicated to exploring fixed income/asset based opportunities in the air finance market, confirms Credit Lyonnais' strategic commitment in the Americas to deliver corporate finance services to our clients on a global basis." Credit Lyonnais is a full-service worldwide banking institution with assets of approximately $328 billion and operations in more than 80 countries. Its Americas See ITS. operations encompass all the bank's activities in the Western Hemisphere Western Hemisphere Part of Earth comprising North and South America and the surrounding waters. Longitudes 20° W and 160° E are often considered its boundaries. . CONTACT: Credit Lyonnais, New York Libby Glazer, 212/261-7007 -or- Anreder and Company, New York Steven Anreder, 212/421-4020 |
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