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Steve Hudson, president and chief executive officer of Element Financial Corp., poses in front of a truck he has financed in Toronto, April 8, 2011.
Steve Hudson, president and chief executive officer of Element Financial Corp., poses in front of a truck he has financed in Toronto, April 8, 2011.
(J.P. Moczulski For The Globe and Mail)

Element Financial hires Newcourt Credit co-founder

Element Financial Corp. CEO Steven Hudson is putting his old Newcourt Credit Group team back together.

Mr. Hudson’s fast-growing equipment finance company has hired David McKerroll as president of its Element Capital arm. Mr. McKerroll will lead the expansion of the company’s rail car finance and aviation finance units, continuing a lengthy career in financing such projects that has taken him from co-founding Newcourt Credit with Mr. Hudson to CIT Group Inc. (which purchased Newcourt in 1999) and now to Element.