Leadership


Proven Senior Leadership Team

Led by founders of Element Financial Corporation and Newcourt Credit Group, the ECN Capital senior management team includes some of North America’s most experienced and knowledgeable commercial finance leaders. Combined with our unparalleled expertise and experience in the niche markets of Commercial & Vendor Finance, Rail Finance and Commercial Aviation Finance, our team has developed innovative, industry-leading financing solutions, programs and structures for some of North America’s most demanding customers.

Steven K. Hudson
Steven K. Hudson
FCA
Chief Executive Officer
Steven K. Hudson

Steven K. Hudson, FCA


Chief Executive Officer

Steven Hudson is the Chief Executive Officer of ECN Capital, a leading commercial finance company formed from the October 2016 separation of Element Financial Corporation into two market leading companies – Element Fleet Management and ECN Capital. Prior to his appointment as the founding CEO of ECN Capital, Mr. Hudson served for five years as the Chief Executive Office of Element Financial Corporation.

Under Mr. Hudson’s leadership between 2011 and 2016, Element’s assets increased from just over $400 million to more than $24 billion establishing it as North America’s largest independent equipment finance company and as one of the largest fleet management companies in the world. During this period, Element raised more than $5.7 billion in equity to fund the Company’s growth including its $8.9 billion purchase of GE Capital’s fleet management business in 2015.

An entrepreneur, investor and incubator of successful businesses, Mr. Hudson has a distinguished track record across several business sectors, with deep expertise in financial and capital markets. He is the founder and principal of Cameron Capital, a private investment firm established more than 20 years ago. In 1984 Mr. Hudson founded Newcourt Credit Group. Under his leadership as CEO, Newcourt grew to become a worldwide leader in equipment and asset finance with owned and managed assets exceeding $36 billion prior to its sale to CIT Group in 1999.

Mr. Hudson has been an active director on numerous boards of both public and private corporations and an active community leader and philanthropist.

Mr. Hudson graduated from York University in 1981 with an Honors Bachelor of Business Administration degree and received his Fellowship with the Institute of Chartered Accountants of Ontario in 2000. In 1996, Mr. Hudson received the Ernst and Young Entrepreneur of the Year award and was named one of Canada’s Top 40 Under 40.

Jim Nikopoulos
Jim Nikopoulos
Chief Operating Officer
Jim Nikopoulos

Jim Nikopoulos


Chief Operating Officer

Jim Nikopoulos is Chief Operating Officer for ECN Capital. He was previously Senior Vice President, General Counsel and Corporate Secretary with Element Financial Corporation prior to the company’s separation into Element Fleet Management Corp. and ECN Capital Corp.

Before joining Element, Mr. Nikopoulos was Vice President, Corporate Development and General Counsel at TeraGo Inc., a TSX-listed company offering broadband and data communication services to business customers. He was previously a Partner at Davies Ward Phillips and Vineberg LLP, where he practiced in the areas of mergers and acquisitions, corporate finance and securities, corporate governance, and general corporate and commercial law.

Mr. Nikopoulos is Board Chairman of TeraGo Inc., and sits on the Board of numerous charitable organizations.

Mr. Nikopoulos earned his Honours Bachelor of Arts degree (Economics and Political Science) from the University of Toronto and Law degree (JD) from Osgoode Hall Law School. Mr. Nikopoulos was named one of Canada’s Top 40 Lawyers under 40 by Lexpert in 2014.

Michel Beland
Michel Beland
Chief Financial Officer
Michel Beland

Michel Beland


Chief Financial Officer

Michel Beland is Chief Financial Officer of ECN Capital. He previously served as CFO of Element Fleet Management Corp., as well as CFO of ECN Capital Corp. under a Transition Services Agreement, since the separation of Element Fleet Management and ECN Capital on October 3, 2016. Prior to that, he was CFO of Element Financial Corporation since July 2011.

Previously, from July 2007 to 2011, Mr. Beland served as the Chief Operating Officer and Chief Financial Officer at MMV Financial, a private equity-backed speciality finance firm.  Throughout his career he has held numerous management positions including Senior Vice President and Chief Financial Officer at Isacsoft, a business software solutions provider, and CFO of Rogers Wireless. As part of the North American management team at Newcourt Credit Group he served as Vice President Finance, Senior Vice President of Operations, and CFO.

Mr. Beland earned a Bachelor of Business Administration from the Universite du Quebec and became a member of the Comptables Agrees du Quebec in 1984.

David McKerroll
David McKerroll
President
Rail & Aviation Finance
David McKerroll

David McKerroll


President Rail & Aviation Finance

David McKerroll is the President of ECN Capital’s Rail & Aviation Finance businesses, having held the same position at Element Financial.

Mr. McKerroll was one of the founders of Newcourt Credit Group, where he served as President of Newcourt Capital which focused on providing structured finance and advisory service in the aerospace, rail, energy and infrastructure segments. Mr. McKerroll subsequently served as the Group CEO of CIT Structured Finance and later as the Group CEO of CIT Capital Finance where he managed a portfolio in excess of US$10 billion.

Mr. McKerroll obtained his chartered accountant designation while working for Clarkson Gordon and he holds a Bachelor of Commerce degree from McMaster University.

Commercial & Vendor Finance

Don Campbell
Don Campbell
President
Commercial & Vendor Finance (US)
Don Campbell

Don Campbell


President Commercial & Vendor Finance (US)

Don Campbell is President of ECN Capital’s US Commercial & Vendor Finance business.

Previously, Mr. Campbell served as the Chief Executive Officer of Element Financial (USA). Mr. Campbell’s career spans 44 years in the equipment financing and leasing industry. Prior to Element, Mr. Campbell co-founded CoActiv Capital Partners, Inc. and served as Chief Executive Officer of Tokai Financial Services and DLL. He also served as President of Commerce Commercial Leasing, First Fidelity Leasing Group and ITT Financial Middle Market and Large Ticket Capital Market Group.

Mr. Campbell has participated on various boards, including the Equipment Leasing and Finance Association and the Leukemia & Lymphoma Society.

Steve Grosso
Steve Grosso
Chief Operating Officer
Commercial & Vendor Finance (US)
Steve Grosso

Steve Grosso


Chief Operating Officer Commercial & Vendor Finance (US)

Steve Grosso is a Chief Operating Officer of ECN Capital’s U.S. Commercial & Vendor Finance business. He was President and COO of Element Financial (USA) before taking on this new role at ECN Capital.

Mr. Grosso brings 30 years of experience in the equipment finance industry to his role. Prior to the launch of Element, Mr. Grosso served as President and CEO of De Lage Landen, COO of Tokai Financial Services and SVP & Division Head for First Fidelity Bank’s Equipment Leasing Group.

A native of Pennsylvania, Mr. Grosso earned his B.S. in Finance and Accounting at the University of Connecticut and attended the Institute of Executive Lease Management at Columbia University. He serves on the board of directors of Vantage Technologies, one of the country’s largest educational software developers. He is also Co-founder, Chairman and CEO of The Magic Charities Foundation, a national charitable organization that supports children’s literacy and well-being. He is also a recent past board member for St. Mary Medical Center Foundation, one of the country’s top 100 healthcare institutions, and the Equipment Leasing and Finance Association.

Todd Hudson
Todd Hudson
Chief Operating Officer
Commercial & Vendor Finance (Canada)
Todd Hudson

Todd Hudson


Chief Operating Officer Commercial & Vendor Finance (Canada)

Todd Hudson is Chief Operating Officer of ECN Capital’s Canadian Commercial & Vendor Finance business, having previously been Executive Vice President of Originations at Element Financial.

Mr. Hudson has more than 20 years of sales management experience in the Canadian leasing industry. Prior to joining Element, Todd was the President of Hathway Financial, a financial services company that specialized in small to mid-sized commercial credits in the transportation, construction and industrial equipment markets.

Before founding Hathway Financial in 2003, Mr. Hudson held key roles at Newcourt and CIT Group and was responsible for national vendor programs in the transportation, construction and automotive groups.

Stephen Sands
Stephen Sands
Chief Credit Officer
Commercial & Vendor Finance (Canada and US)
Stephen Sands

Stephen Sands


Chief Credit Officer Commercial & Vendor Finance (Canada and US)

Stephen Sands is ECN Capital’s Chief Credit Officer for its Commercial & Vendor Finance business in Canada and the US, providing oversight for all credit underwriting and risk management functions. He was Chief Credit Officer, Commercial & Vendor Finance and Fleet Management at Element Financial before the company’s separation into Element Fleet Management Corp. and ECN Capital Corp.

Mr. Sands founded Element Financial Corporation in 2007, before which he served in senior operational and credit underwriting positions within the Canadian equipment leasing industry. This included Chief Operating Officer at Maxium Financial and Vice President, Commercial & Industrial Finance at Newcourt Credit Group.

For several years, Mr. Sands has served as a leader in the Entrepreneurs-in-Residence Program at the Institute for Entrepreneurship, Ivey Business School in London, Ontario. He holds a Bachelor of Arts and Master degree in Business Administration from the University of Toronto.

Rail & Aviation Finance

David McKerroll
David McKerroll
President
Rail & Aviation Finance
David McKerroll

David McKerroll


President Rail & Aviation Finance

David McKerroll is the President of ECN Capital’s Rail & Aviation Finance businesses, having held the same position at Element Financial.

Mr. McKerroll was one of the founders of Newcourt Credit Group, where he served as President of Newcourt Capital which focused on providing structured finance and advisory service in the aerospace, rail, energy and infrastructure segments. Mr. McKerroll subsequently served as the Group CEO of CIT Structured Finance and later as the Group CEO of CIT Capital Finance where he managed a portfolio in excess of US$10 billion.

Mr. McKerroll obtained his chartered accountant designation while working for Clarkson Gordon and he holds a Bachelor of Commerce degree from McMaster University.

Bruce Ells
Bruce Ells
Chief Credit Officer
Rail & Aviation Finance
Bruce Ells

Bruce Ells


Chief Credit Officer Rail & Aviation Finance

Bruce Ells is the Chief Credit Officer of ECN Capital’s Rail & Aviation Finance businesses. He held the same position at Element Financial.

A former Vice President of Credit at Newcourt Capital in Toronto and Chief Credit Officer of CIT Capital in New York, Mr. Ells brings 30 years of risk management and finance experience to the ECN Capital team. He served as Senior Vice President of Project Finance at DBRS before assuming his responsibilities at Element. Mr. Ells previously held senior positions at CCG Trust in Barbados and CIT Structured Finance in New York, and earlier in his career held origination, treasury, risk management and research roles at RBC Dominion Securities, EDC and the Bank of Canada in London, England and Ottawa.

Mr. Ells graduated from Queen’s University with a B.A (Honours) in Economics and a B.A in History going on to earn his MBA in Finance and Accounting from the Ivey School of Business.