FOR IMMEDIATE RELEASE:
Axis Capital Promotes Michael Karman to Chief Commercial Officer
Continues Management Augmentation
GRAND ISLAND, Neb. May 2nd, 2016 – Axis Capital, Inc. (Axis), one of the nation’s leading commercial equipment finance companies and a subsidiary of Amur Finance Company, announced today the promotion of Michael Karman to the newly created position of Chief Commercial Officer. Michael joined Axis Capital in 2014 and most recently served as the company’s President of Eastern Region Sales. Prior to joining Axis, Michael was Senior Vice President at Ascentium Capital, where he oversaw the origination of over $100 million in equipment financing. Previously, Michael also held various executive positions with New York-based Greystone & Co and AT&T Capital.
“Michael is a 30-year industry veteran with an exceptional track record of success, including creating a number of equipment finance companies that exceeded $350 million in origination volume,” said Mostafiz ShahMohammed, Axis’ Chairman and CEO. “His broad array of talents is invaluable for Axis, so of course we are thrilled to leverage more of his expertise in this important new role as we continue to expand the business.”
Last month, Axis announced that the company increased its origination volume from $132.2 million to $213.0 million, representing a 56 percent increase between 2014 and 2015, and was ranked number 7 in the Monitor list for 2015. This new position is designed to bolster the current leadership team as the company executes strategic growth initiatives.
Michael said, “I am honored to be appointed to this new position at Axis and eagerly look forward to continuing to focus on building a sustainable and scalable model for business growth.”
In his new role as Chief Commercial Officer, Michael will be responsible for overseeing Axis’ planned expansion of national sales divisions and vendor-based relationships, explore new market opportunities, and contribute to the build-out of an industry-leading transaction management infrastructure.
About Axis Capital
Axis Capital, Inc. (Axis), a subsidiary of Amur Finance Company, is a commercial equipment finance company that provides businesses with customized capital financing options. Headquartered in Grand Island, NE, Axis was founded in 1996 and has served as a reliable capital partner to over 15,000 business owners and over 2,000 equipment vendors across North America. Axis offers financing solutions ranging from $10,000 to $2 million across a broad spectrum of industries and its dedicated industry coverage teams work directly with equipment vendors and businesses to quickly and efficiently provide financing solutions tailored to its clients’ needs.
For more information, go to axiscapitalfinance.com.
About Amur Finance Company
Amur Finance Company, Inc. (Amur) is a privately held, diversified commercial finance company focusing on four main sectors: General Equipment; Aviation; Energy, Shipping & Logistics; and Other Industrial and Commercial Assets. Amur’s management team and senior leaders have extensive industry expertise and have been involved in over $100 billion of transportation, industrial and related commercial finance, trading and investment transactions around the world. Amur takes a partnership approach to its investments, providing long-term value through direct investments and strategic arrangements with world-class entrepreneurs and businesses.
For more information, go to amurfinance.com.
Axis Capital, Inc.
Axis Capital, Inc.
+1 (800) 994-0016 x266
For Amur Finance Company, Inc.
+1 (336) 324-3420