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Michael J. Kelly,
President Michael developed his interest in the transformative impact of the
intersection of operations, technology, and finance when leading a major
reengineering initiative for claims, payments and premiums in the insurance
industry in the late 1970s. Subsequently, as a CIO and as President of a
national association of insurance CIOs, he had the opportunity to witness the
limitations and high failure rates of technology focused initiatives that
neglect the broader people, operational, and financial measurement issues.
Michael’s leasing career began with Ernst & Young Consulting in 1987. His
initial focus was the high rate of failures and partial successes of back office
leasing systems initiatives, which led back again to the criticality of
addressing all aspects of leasing for any complex initiative. This insight
resulted in creation of a collaborative offering with Ernst & Young Tax, Audit,
and Corporate Finance during the 1990s that provided comprehensive services to
large lessors and vendor finance operations worldwide.
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Michael founded Kawaru Research in May 2000 after Ernst
& Young sold its consulting operations to Cap Gemini. Kawaru originally focused
on the broader implications of information transparency and greater capital
mobility on corporate financial and operational structures, with emphasis on
separating responsibilities for designing ("architecting"), managing, and
executing ("doing") activities within a value chain. He soon recognized the
relevance of this work to leasing and other forms of equipment financing, and
Kawaru, working in cooperation with A. T. Kearney, began engagements with
lessors and vendors in Europe and North America.
Today Michael is again heavily focused on equipment
financing, with a greater emphasis on the implications of the financing
transaction up and down the value chain.
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