Fleet Financial Group announced Monday that it has hired eight NationsBank Corp. employees to staff the new structured lease advisory unit of its Fleet Capital Leasing subsidiary.
The new unit will provide lease advisory services to corporations, public entities, and institutional investors.
Richard L. Specker Jr. has been named to head the unit as managing director of global lease finance. Mr. Specker most recently was manager of structured lease finance at NationsBank Corp.
The seven other NationsBank executives to join the new unit are: Karolyn L. Frey, Alex D. Funderburg, John D. Lynch, Mark G. Rogers, Bradley A. Vleck, Lawrence A. Watts 3d, and Craig A. Zimmerman.
Fleet Capital Leasing offers leasing products to middle-market and large corporate customers, including single investor leases, leveraged leases, lease syndications, vendor finance programs, and cross-border leases. Fleet Capital Leasing has $4 billion of assets.