Citicorp Expands Technology Finance Business

Business Wire, Feb 11, 1999

NEW YORK--(BUSINESS WIRE)--Feb. 10, 1999--Citicorp Global Equipment Finance has announced that it will expand its technology finance capabilities and has appointed David J. Kuncio to head a newly formed Technology Finance business unit. He will be responsible for managing the growth of the business, which serves corporate customers in the United States and in selected international markets. He is based in Harrison, N.Y.

"We have been financing the technology assets of our customers since 1972, and we see a significant opportunity to grow this business," said Sal Maglietta, Managing Director and Business Head of Citicorp Global Equipment Finance. "We believe that we can offer our corporate customers a broader and more beneficial range of financing and service options to manage their personal computer assets than what they get elsewhere today."

Mr. Kuncio has over 20 years of experience in Vendor, Energy, Municipal and Technology Finance and has been with Citicorp since 1990. Prior to this, he had held senior sales and management positions with Chase Manhattan Bank Leasing and CIT Group. Most recently, he was responsible for expanding Citicorp's Global Equipment Finance business in the emerging markets.

Mr. Kuncio received an undergraduate degree in Economics from Trinity College in Hartford and holds a Master of Science degree from Columbia University. He lives with his wife Donna and three children in Wyckoff, N.J.

With a global portfolio of over $8 billion, Citicorp Global Equipment Finance, a business unit of Citigroup, is the largest U.S. bank-owned leasing company and a leader in global asset, leveraged lease and equipment finance. By leveraging the company's global leadership in equities, fixed income, foreign exchange, derivatives, and asset securitization with its on-the-ground presence in 100 countries, Citicorp Global Equipment Finance continues to deliver expert asset and equipment financing solutions to customers throughout the world. For more information about Citicorp Global Equipment Finance, visit the company's web site at http://www.citicorp.com/gef.>

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