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Senior Management Team

Hugh Swandel

Hugh Swandel


Hugh Swandel joined Meridian OneCap in 2019. Prior to joining Meridian, Hugh was the Senior Managing Director of the Alta Group in Canada. The Alta Group is a global consulting firm specializing in advising the commercial equipment finance industry. Hugh led the Canadian practice and was involved in numerous engagements with firms across North America. His knowledge of the industry has come from years of service to industry associations, involvement in many key industry transactions and extensive operational experience.

Hugh is an active member of the Equipment Leasing and Finance Association (ELFA), a board member with the Canadian Finance and Leasing Association (CFLA) and has served as a board member and President of the National Equipment and Finance Association (NEFA). In 2018, 2010 and 2006 he received the Canadian Leasing Industries highest honour when he was named “CFLA Member of the Year.” In 2013 he received an acknowledgement from NEFA for his years of board service and term as President. Hugh is also a member of the advisory board of the online industry publication “The Leasing News”.

Prior to founding Swandel and Associates, Hugh served as President and Chief Operation Officer of Electronic Financial Group (EFG). EFG was a Canadian company, which built and launched a multi-lending web-based credit system. He also spent 10 years with National Leasing Group in a variety of senior positions.

Hugh holds a BA Hons in History/Political Science from the University of Winnipeg and a BComm Hons in Business from the University of Manitoba.

He brings a broad set of industry contacts and knowledge to his role at Meridian OneCap.

Dave Markel

Dave Markel

Vice President — National Sales

Dave joined Meridian One-Cap in April 2020 as the Vice President, National Sales after a successful 14-year career in Sales leadership with RCAP Leasing, a 100% owned subsidiary of RBC, and its predecessor MCAP Leasing. Since 2014, as a member of the Executive team, he was responsible for the sales results and strategy for RCAP. Prior to 2014 he held a series of progressive management and leadership positions commencing in 2004.

Dave entered the finance industry in 2001 as a partner in a start-up equipment finance brokerage with operations in Toronto, Vancouver, Victoria and Seattle which was sold to MCAP in 2006.

Prior to that, he held a variety of sales leadership positions in the Information Technology space with IBM Canada and a leading computer hardware distributor, Supercom, that was subsequently sold to Synnex.

Dave has an entrepreneurial spirit having founded a software company with four partners when he was only 20, as well as having completed his real estate license requirements and numerous corporate coaching and leadership courses and programs.

Dave is an active volunteer in the community and is a provincially certified coach, currently holding coaching and leadership positions in youth soccer and baseball. He is also involved with the Marine Mammal Rescue Society of Vancouver, Blue Water Day and the Coquitlam River Watershed Society.

Luigi Spizzirri

Luigi Spizzirri

Regional Vice President & National Accounts

“There are thousands of equipment distributers in Canada each with their own unique products and needs. It is through understanding and insight that we create financing programs that fit. That's why the depth of the relationship is so important.”

Lui has responsibility for the development of major national programs across Canada and for overseeing the Central Region for OneCap. Lui has been with the company through all of its iterations including Vice President of Scotiabank Leasing Group, SVP of ICF and a founder of its predecessor, Onset Capital.

He began his career in leasing with First City Trust Equipment Financing Group in 1988. Prior to joining Onset in 1998, Lui was the Vice President, National Accounts at AT&T Capital Canada Inc. Lui holds a Specialized Honors Degree in Economics and Geography from York University.

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