News

Happy Retirement, Eugene

After 41 outstanding years in the leasing business, Eugene Basolini, President of RCAP and CFLA Board Member, announced he is retiring on April 30, 2022.

Eugene has been actively involved with the CFLA for over 20 years and was our Board of Director's Chair from 2015 to 2017.

“I am proud to have been part of the Finance and Leasing industry that helped businesses thrive and help contribute to the Canadian economy,” said Basolini. “Over the years I have seen our industry evolve, but what has remained constant and makes our industry special is the people; the hardworking, entrepreneurial spirited leasing professionals.”

As a new university graduate, Eugene began his career in the leasing business in January 1981. He gained experience and deep leasing expertise with roles in sales, operations, underwriting, collections, and credit risk management.  Over his career, Eugene continued to take on increasingly larger senior leadership roles in North America’s largest leasing companies.

Eugene is a well-known industry leader and is widely respected across the leasing industry. He was at the forefront in the early days of equipment leasing as a strategic financing solution for businesses and helped shape leasing products to meet client expectations over the years.

In November 2010, Eugene facilitated RBC’s acquisition of MCAP Leasing subsequently renamed to RCAP Leasing, a strategic RBC acquisition to support RBC’s desired growth in the indirect leasing market and establish the Equipment Finance Solution Centre.

Eugene continued to lead RBC's leasing business over the past 11 years, overseeing the entire end-to-end client experience, including sales, middle office fulfillment, customer service, finance, and IT. He also oversaw middle office fulfillment support for RBC's direct lending leasing business too.

"On behalf of the CFLA and the industry, congratulations on a successful career and thank you for supporting our industry and Association, Eugene," said Michael Rothe, CFLA President & CEO. "It's been a pleasure to work with you and we wish you a relaxing and happy retirement."

Eugene was instrumental in leading RCAP through market challenges, developing niche market opportunities to meet client needs, and leaving a legacy of focusing on key priorities for the future. Most importantly, those who worked with Eugene will not forget how he mentored and cared for all of his colleagues. 

We wish Eugene and his family the very best for the years to come. 

Happy retirement, Eugene!

Join us in congratulating Eugene on LinkedIn below: