Our people have a wealth of experience in the leasing, asset finance, asset management and insurance arenas. We bring a combined 100 years of financial experience to assist in solving client's problems through insurance based solutions. Our strength is in being able to take complex financial problems and convert them to formats which may be readily solved through an insurable structure.

 

THOMAS A. OROFINO

Mr. Orofino is Managing Partner of Collateral Guaranty LLC, which, in conjunction with its predecessor company, was formed in November 1995 to engage in the innovative product design, execution, underwriting and management of large, complicated residual value insurance programs. Collateral Guaranty also designs other forms of asset based insurance products such as Equity Defeasance for Cross Border Lease transactions, Tax Indemnity and Representation & Warranty Insurance.

Mr. Orofino has served as a Senior Vice President of Diamond Lease (USA), Inc., a member of the Mitsubishi Group of companies, from 1988 to 1994 executing capital equipment financing, corporate acquisitions, asset-backed securitizations, credit analysis, planning, work-outs and performing treasury management functions.

Prior to Diamond Lease, Mr. Orofino was Executive Vice President of Marketing and Chief Credit Officer of American Finance Group, Inc., Assistant Treasurer and Assistant Secretary of Bendix Corporation and Vice President of Bankers Trust Company. Mr. Orofino has also served as a Vice President & Manager - Lease Financing Division of Bank of America and as Senior Vice President of Equilease Corporation.

Mr. Orofino has authored articles for publication in Equipment Leasing Association’s monthly magazine ELA Today, the Equipment Financing Journal and The Monitor. Some of the articles include:

RESIDUAL VALUE INSURANCE: WHAT IS IT?, ACCOUNTING IMPLICATIONS: RESIDUAL VALUE INSURANCE: WHAT IS IT?, ACCOUNTING IMPLICATIONS: RESIDUAL VALUE INSURANCE, INSURANCE AND ITS ROLE IN PORTFOLIO PURCHASES, RESIDUAL VALUE INSURANCE, TODAY’S MARKET, A SERVICE PROVIDER’S DILEMMA: WHERE’S MY VALUE ADDED?

Mr. Orofino has lectured at the Bermuda Insurance Institute, the Casualty Actuarial Society as well as the International Research Institute on the topics of residual value insurance and financial insurance products and concepts.

Mr. Orofino holds a BA from Villanova University.

 

HOWARD K. WEBER

Mr. Weber has over 35 years experience in all aspects of Asset Finance including pricing and structuring transactions, private placements of equity in leveraged lease transactions and portfolio management.

Mr. Weber joined Collateral Guaranty after serving as Director in the Asset Finance Group at Societe Generale where he successfully restructured several portfolio transactions and closed a large timber sale transaction backed by a Letter of Credit.

Prior to that Mr. Weber served in a number of positions at Dresdner Kleinwort Wasserstein, Bankers Trust and Lehman Brothers where he, in various positions, structured, priced and placed equity in a number of large tax oriented lease transactions.

His career in Asset Finance started at the Chase Manhattan Bank where he developed, maintained and sold a computer model designed to price leveraged leases.

Mr. Weber is the author of numerous articles regarding structures and trends in the leasing industry as well as commenting on the state of the industry.

Mr. Weber received his MBA from Rutgers University and BS in Mathematics from Manhattan College.