Peapack Capital promotes Rich Johnston

Peapack Capital, a subsidiary of Peapack-Gladstone Financial Corporation, which focuses on equipment finance and leasing, has announced a key management change.

Rich Johnston, senior vice-president, capital markets is now responsible for indirect originations of leasing and asset finance transactions from bank lessors, independent lessors, finance companies and intermediaries in addition to all out-bound syndications.

Johnston has more than 25 years of leasing and structured finance expertise in the origination of middle market and large-ticket asset finance transactions in the primary and secondary syndication markets and on a direct basis.

He most recently served as director of syndications at Sumitomo-Mitsui Finance & Leasing, responsible for all indirect originations for the New York branch, originating $108 million in new business volume in the past year.

Prior to that Johnston worked for Citizens Asset Finance and also served in capital market roles at AIG Commercial Asset Finance and Siemens Financial Services.