In its announcement, CFLA Chairman, Eugene Basolini, stated: “We all know that capital is the lifeblood of our business. Capital has been called our inventory. Along with people it is our primary resource. Access to reliable funding at a reasonable cost is essential to making our industry work.”

CFLA’s announcement also noted that the book Unstoppable ~ The Story of Asset-based Finance & Leasing in Canada, was released at the conference, and, as the book points out, Moe Danis did not invent securitization, but he gets the credit for bringing the model to Canada and making it work.

Basolini stressed: “For almost 30 years, Moe has been a presence in our industry, always willing to help where he could - always a source of wise advice that has benefited many in this room. It gives me great pleasure to present this award to him in recognition of his outstanding contribution to the development of the asset-based financing, equipment and vehicle leasing industry in Canada and his participation in the work of CFLA.”

David Taylor, president & CEO of the Bank added: “I congratulate Moe on this impressive achievement and for being recognized by his peers at the CFLA as Member of the Year. Our Bulk Lease & Loan Purchase Program that Moe heads up is now growing rapidly and we are proud to be providing the much needed capital to small businesses and consumers throughout Canada.”

He concluded: “Canada has suffered with a shortage of financing for small and medium sized businesses, and we are pleased that our program is helping to fill this need, while presenting a tremendous growth opportunity for Pacific & Western Bank.”