Siemens Expands Project Financing Unit

In another move toward offering a broader package of services for turnkey project business, Siemens Financial Services, Inc. (SFS Inc.), Iselin, N.J., the U.S. unit of Siemens' Financial Services division, announced it will be expanding its energy and project finance offering to include infrastructure lending through senior secured and other debt financing solutions, effective immediately. Kirk Edelman, president and chief executive officer, SFS Inc., said in a press release that expanding the company's energy and project finance platform to include infrastructure projects will enable SFS Inc. to support the capital needs of project developers, lenders and investors

As part of this expansion, Flavio Zelaya has joined SFS Inc. as vice president, Infrastructure Finance and is tasked with spearheading this initiative. Zelaya has 15 years of structured and corporate finance experience and joins SFS Inc. from Dexia Credit Local in New York, where he served as V.P. in its project finance origination and structuring team. In that role, his principal focus was project finance and acquisition finance transactions in the transportation, social infrastructure, and water and waste sectors.

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