Brian K. Stearney

Mr. Stearney is responsible for overseeing all facets of Somerset’s Indirect Originations Group (IOG). The IOG was established in 1995, and has funded well over $2B throughout its history. By developing relationships with international and regional banks, captive finance companies, and major independent lessors, Mr. Stearney’s group purchases more than $125M in annual lease transactions throughout the U.S. and Canada and is accountable for managing an active lease portfolio in excess of $400M. The IOG is also responsible for providing industry-competitive structuring and pricing options, as well as administrative support such as documentation preparation, review, and funding.

Prior to joining Somerset, Mr. Stearney served as an officer in the US Navy. He spent five years with an equipment finance company, focused on leveraging non-recourse equipment transactions within a group of community bank, before founding and operating his own private equipment-finance company for eight years. His company focused on new lease originations, as well as the buying and selling of asset backed lease schedules and portfolios.

Mr. Stearney is a native of Chicago, IL, earning his Bachelor’s from the University of Illinois and MBA from DePaul University. He is a 23-year veteran of the equipment leasing industry and has served as a member of the Independent Middle Market Council with the Equipment Lease Finance Association (ELFA).