Dave Fate is the President and Chief Executive Officer of Stonebriar Commercial Finance and provides leadership and oversight over all aspects of the business. With over 30 years of experience, Dave created and launched Stonebriar with capital backing from Security Benefit Corporation. He was formerly Executive Vice President and Chief Operating Officer for AIG Commercial Asset Finance. Dave had been the de-facto Chief Executive Officer for three years, and was responsible for leading all investment activities for Direct Originations, Specialty Finance, Corporate Real Property Finance, Canada and select International markets as well as the day-to-day operations. Dave had previously played a key role in building two successful de-novo commercial finance businesses which grew to over $3B (AIG & Transamerica).
Dave led a team of 32 professionals focused on originating both secured and unsecured transactions with clients on a direct basis and via strategic partner relationships, providing finance and lease products to a wide range of industries including, but not limited to, marine, construction, transportation, energy, utilities, manufacturing and technology. Dave joined AIG Commercial Asset Finance in late 2004, and was instrumental in the design and development of this de novo start up. In that position, he played a key role in the formation and transformation of the company over the last ten years to a $1.8billion diversified asset finance company.
He began his career in 1983 as a credit analyst with CIT in Wichita, KS. He moved to Texas in 1987 when CIT reorganized. Dave joined ITT Capital Finance in 1988 and played a vital role in its growth and ultimate divestiture in 1994. Dave was instrumental in the de-novo startup of Transamerica Equipment Financial Services in 1995. Post-acquisition of Transamerica by AEGON, Dave played a key role in the subsequent sale of TEFS in early 2004.
Dave has over 30 years of experience in the financial services industry. He has been active in the Equipment Finance and Leasing Association and served as a board member for the Equipment Finance and Leasing Foundation. He received a Bachelor of Science from Fort Hays State University in his home state, Kansas where he played college football.