The global commercial finance business that will result from the merger of Citigroup's Global Equipment Finance and Associates Commercial Operations will be headquartered in Dallas TX, according to Associates First Capital Corp.
The yet-unnamed business will operate in truck, equipment, and technology finance, as well as fleet leasing and relocation management services.
Roy A Guthrie, currently chief financial officer for Associates First Capital, will head the new company after completion of the merger, which is expected in January 2001.
Citicorp Global Equipment Finance, based in Harrison NY, will continue as an operations center for the business.