October 18, 2011 – Stamford, CT – RVI Group announced today the promotion of Daniel Egan to the position of Chief Risk Officer for the company. In this role, Dan will direct the Risk Management Group, a newly formed division responsible for all transaction underwriting and portfolio surveillance for the company. He will retain his position on the Executive Leadership team.
Dan joined RVI in 1996 and has been responsible for all aspects of the company’s Commercial Equipment Group since 2001. Prior to joining RVI, Dan held a position as a Senior Manager at Coopers & Lybrand focusing on financial services firms. Dan received his B.S. in Accounting from Bentley College and is a Certified Public Accountant.
“While virtually all markets have seen unprecedented levels of volatility since 2008, RVI has come through this period profitably. Dan has played a key role in our success.” said Doug May, Chief Executive Officer. “We see the creation of the Risk Management division and Dan’s leadership of it as an opportunity to further strengthen our core risk management expertise and expand our capability for growth.”
RVI Group is the world’s largest specialist in residual value insurance, serving both lessors and lessees in the commercial equipment, aircraft, passenger vehicle and commercial real estate markets. Residual value insurance protects against a decline in market value of tangible assets, and is a critical tool for asset risk and lease accounting. The tremendous flexibility of residual value insurance allows a tailored program to meet the objectives of each unique client.