ISELIN, N.J., Nov. 3, 2010 /PRNewswire-FirstCall/ -- Siemens Financial Services, Inc. (SFS Inc.), the U.S. unit of Siemens Financial Services, announced today the appointment of Scott Lamoreaux as Vice President, Energy Finance, effective immediately. Lamoreaux is tasked with establishing a Houston office for the firm in order to better service existing and potential oil and gas clients.
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Lamoreaux joins SFS Inc. from DZ Bank, where he led upstream origination activities in the Houston oil and gas marketplace. In that role, Lamoreaux focused on providing project finance, structured finance, and other related services throughout the energy sector.
"We are extremely pleased to have Scott as a member of the Energy Finance team," said Guy Cirincione, Senior Vice President and General Manager, Energy Finance. "His many years of experience in the Houston market will serve us well in this new endeavor and will help SFS Inc. establish a visible presence in the oil and gas industry."
"I am very excited to be a part of the team at Siemens, helping to establish an office for the Houston market," Lamoreaux said. "I look forward to working with oil and gas producers and midstream companies as they seek capital solutions to grow their companies."
Prior to DZ Bank, Lamoreaux was with El Paso Energy Finance Group as a Managing Director for the structured finance business. He is based in Houston, Texas.
About Siemens Financial Services (SFS)
Siemens Financial Services (SFS) is an international provider of financial solutions in the business-to-business area. With about 2,000 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, we support Siemens as well as non-affiliated companies, focusing on the three sectors of energy, industry and healthcare. We finance infrastructure, equipment and working capital and act as a competent manager of financial risks within Siemens. By leveraging our financing expertise and our industrial know-how we create value for our customers and help them strengthen their competitiveness. For more information, visit: http://www.siemens.com/finance.
Siemens Financial Services, Inc. (SFS Inc.) is a leading provider of business-to-business financial services in the United States. SFS is a committed business ally that combines deep industry expertise with integrated financing solutions to enhance the efficiency, productivity, and competitiveness of its customers. The company, based in Iselin, NJ, enables business expansion for thousands of customers in the healthcare, energy, and industrial sectors by providing customized solutions that range from equipment financing and working capital to project and export finance, and insurance solutions. Further information on Siemens Financial Services in the United States: http://www.usa.siemens.com/financial
About Siemens
Siemens AG is a global powerhouse in electronics and electrical engineering, and operates in the industry, energy and healthcare sectors. For more than 160 years, Siemens has built a reputation for leading-edge innovation and the quality of its products, services and solutions. With 428,000 employees in 190 countries, Siemens reported worldwide sales of $116.6 billion in fiscal 2008. With its U.S. corporate headquarters in New York City, Siemens in the USA reported sales of $22.4 billion and employs approximately 69,000 people throughout all 50 states and Puerto Rico. For more information on Siemens in the United States, visit http://www.usa.siemens.com/
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Siemens Financial Services, Inc.
CONTACT: Jillian Lukach, +1-732-476-3492, jillian.lukach@siemens.com
Web Site: http://www.usa.siemens.com/
