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Our management team has decades of experience navigating the unique challenges and demands of investing in and leasing commercial aircraft globally.

Senior Leadership Team

Mahoko Hara​

Executive Chair

Ms. Hara is the Executive Chairperson of ACG and is also a Senior Managing Executive Officer of Tokyo Century Corporation (“TC”).  Ms. Hara assumed the Executive Chair role in December 2019 following TC’s acquisition of ACG.  

Ms. Hara joined TC in 2011 and has been responsible for strategic planning and cross-border M&A for TC’s specialty finance businesses with particular focus on the aviation sector.  

Prior to joining TC, Ms. Hara worked for Shinsei Bank and Citibank specializing in structured credit and asset finance.  Prior to these roles, Ms. Hara was with Dai-Ichi Kangyo Bank (now Mizuho Bank) fulfilling a variety of roles in corporate and investment banking, including several years in the London and New York offices. 

Ms. Hara holds a B.A. in International Relations from Tsukuba University and a certificate in Leadership and Management from UCLA Anderson School of Management. 

Thomas G. Baker

Chief Executive Officer and President

Mr. Baker is the Chief Executive Officer and President of Aviation Capital Group (ACG). Prior to assuming leadership of ACG in November 2020, Mr. Baker served as Executive Vice President and Chief Revenue Officer, with responsibility for leading ACG’s Sales/Marketing, Trading and Technical teams. Mr. Baker previously oversaw ACG’s corporate strategy, financial planning & analysis, and investor relations functions.

Mr. Baker joined ACG in 2016 from Goldman Sachs’ Investment Banking Division, where he covered clients in the Aviation & Transportation Sectors since 2006. In this role, he advised clients on strategic priorities, capital structure optimization, equity and debt issuance, mergers and acquisitions, as well as managing relationships with key sector investors. From 2012 –2014, he was head of the Asia (ex-Japan) Transportation coverage group for Goldman Sachs in Hong Kong, where he worked on debt and equity financings in the aviation and transportation sectors. Prior to Goldman Sachs, Mr. Baker spent a number of years at Citigroup in investment banking and Morgan Stanley in equity research.

Mr. Baker holds a B.A. from Brown University and an M.B.A. from Massachusetts Institute of Technology.

Patrick J. Ryan

Senior Vice President and Chief Technical Officer​

Mr. Ryan is Senior Vice President and Chief Technical Officer. In that capacity, he is responsible for ACG’s Technical Department, and in so doing represents a vital component of our business worldwide. His responsibilities include fleet asset management, aircraft transitions, while also providing technical expertise to both our external clients and internal customers.
 
Prior to joining ACG in 2001, Mr. Ryan worked for United Airlines from 1989-2001 in various positions including Quality Assurance, Line Maintenance, and Base Maintenance.
 
Mr. Ryan has a B.S. in Industrial Arts from San Francisco State University, and an FAA Airframe and Power Plant License.

Elizabeth Stevens

Senior Vice President Human Resources, IT & Communications​

Ms. Stevens is Senior Vice President Human Resources, IT & Communications. Prior to joining ACG in 2020, Ms. Stevens served as the Vice President of Human Resources and Payroll for Chaparral Management Services Corp/Westside Building Material. In addition to her Human Resources background, she has held several key positions in operations, sales and customer service, and was a business owner in the medical field. 

Ms. Stevens holds a B.A. from University of California, Los Angeles and a Certificate in Human Resources from New York University. She is a member of the Society of Human Resources Management and the National Human Resources Association. 

Steven Udvar-Hazy​

Senior Vice President Original Equipment Manufacturers Relations and Market Development

Mr. Udvar-Hazy is Senior Vice President, Original Equipment Manufacturers (OEM) Relations and Market Development. In this capacity, he is responsible for the evaluation, selection and purchasing of modern aircraft for ACG’s growing portfolio. Mr. Udvar-Hazy also oversees ACG’s Engineering and New Aircraft Management Departments in addition to leading the company’s market development initiatives. 

Prior to this position, Mr. Udvar-Hazy served as Vice President, Market Development at ACG. In 2016, 2017, 2018, 2019, and 2020, Mr. Udvar-Hazy was recognized as one of the top 40 executives under 40 years of age in the commercial aviation industry by Airline Economics. 

Mr. Udvar-Hazy is a licensed pilot by the United States Federal Aviation Administration and is type-rated on the Boeing 737. Mr. Udvar-Hazy holds a B.A. from Stanford University and an M.B.A. from Stanford University Graduate School of Business. 

Madhu Vijay

Executive Vice President and Chief Financial Officer

Mr. Vijay is an Executive Vice President and the company’s Chief Financial Officer. He oversees all finance and accounting functions. He is also instrumental in cultivating relationships with financial institutions worldwide. 

Prior to joining ACG in 2001, Mr. Vijay was the Director of Corporate Finance for Pacific Life, where he was responsible for assessing corporate investments in subsidiaries, as well as in managing the borrowing and the financing facilities. Mr. Vijay began his career at the Federal Home Loan Mortgage Corporation (Freddie Mac) in 1994. 

Mr. Vijay holds a B.A. from the University of Rochester, New York and an M.B.A. from the American University, Washington DC. Mr. Vijay also holds a CFA license. 

Carter A. White

Senior Vice President and Chief Revenue Officer

Mr. White serves as Senior Vice President and the Chief Revenue Officer of ACG with responsibility for the Global Marketing and Aircraft Trading teams, and shared responsibility for the continued growth and development of ACG’s Aircraft Financing Solutions program. Prior to assuming his current leadership role in May 2021, Mr. White served as Senior Vice President and Head of Aircraft Trading with responsibility for the strategic development and tactical implementation of all aircraft trading initiatives for ACG. 

Mr. White joined ACG in 2016 from AWAS (Ireland) Limited, where he was Managing Director EMEA Sales, Head of Aircraft Trading and OEM Relationships. At AWAS, Mr. White’s direct responsibilities included management of all secondary market trading activities, direct placement and aircraft leasing activities in Europe, Middle East and Africa and OEM commercial negotiations. Prior to AWAS, Mr. White spent several years at Transamerica Finance Corporation as Senior Vice President of Aircraft Sales and Marketing, and Sanwa Business Credit Corporation as Director of Syndications for the Commercial Aviation Finance Division.  

Mr. White holds a Bachelor of Arts degree in Economics and Political Science from Cornell College. 

James A. Zembrzuski

Senior Vice President and General Counsel

Mr. Zembrzuski serves as Senior Vice President, General Counsel and Secretary. In this role, he manages ACG’s legal team and oversees all legal, insurance and compliance affairs of the company. Mr. Zembrzuski joined ACG in 2015. 

Prior to joining ACG, Mr. Zembrzuski worked as in-house counsel at International Lease Finance Corporation in its Los Angeles and Amsterdam offices and advised the company in connection with a wide variety of aircraft finance and leasing matters. Previously, he was a Senior Associate in the Aircraft Finance practice at the law firm of Fulbright & Jaworski in New York. Mr. Zembrzuski began his career as a revenue management analyst at US Airways in Arlington, Virginia. 

Mr. Zembrzuski earned a B.S. in Commerce (Finance) from the University of Virginia and a J.D. degree from George Washington University Law School. 

Takamasa Marito​

Executive Vice President

Mr. Marito has served as Executive Vice President of ACG since December 2019, following the acquisition of ACG by Tokyo Century (“TC”).  Mr. Marito is also Joint General Manager, Aviation Finance of TC where he is responsible for the overall marketing of TC’s aviation finance business covering lending, leasing and Japanese tax leases. 

Prior to joining TC in 2011, Mr. Marito was with The Royal Bank of Scotland where he was responsible for asset securitization and structured finance origination in Japan as Senior Director and Deputy Head of Japan Coverage and Origination.  Previously Mr. Marito worked for ABN AMRO Bank in the 1990s, where he was responsible for the bank’s structured financing activities in Japan with a primary focus in aircraft finance using Japanese tax lease structures and later for ING Baring Securities specializing in asset securitization of Japanese card loan companies and multinational companies.  

Mr. Marito holds a B.A. degree in Sociology from the International Christian University in Tokyo Japan. 

Board of Representatives

Mahoko Hara

Executive Chair

Thomas G. Baker

CEO & President

Anthony Diaz

Independent Representative

Ko Nakagawa

Representative

Keiichiro Ogushi

Representative

Department Heads

Gray - Marwan Amr

Marwan Amr

Vice President, Counsel & Assistant Secretary
Gray - Eric Blau

Eric Blau

Senior Vice President, Treasurer & Head of Capital Markets
Jorge Castillo

Jorge Castillo

Senior Vice President, Head of Marketing
Gray - Jaime Crear

Jaime Crear

Vice President, Internal Audit & Risk
Gray - Rob Downes

Rob Downes

Senior Vice President, Head of Aircraft Trading; MD, ACG Ireland
Gray - Gordon Grant

Gordon Grant

Vice President, Head of Investor Relations
Gray - John Graves

John Graves

Senior Vice President, Chief Risk Officer
Gray - Tom Habelmann - ReTouched

Tom Habelmann

Vice President, New Aircraft Management
Jay Hamilton

Jay Hamilton

Vice President, Engineering
Gray - Mark Lang

Mark Lang

Vice President, Financial Planning & Analysis
Gray - G.Meyer - 01

Greg Meyer

Vice President, Chief Information Officer
Gray - Joe Nagel

Joe Nagel

Senior Vice President, Controller & Principal Accounting Officer
Untitled design

Lisa Savitzky

Vice President, Counsel & Assistant Secretary
Gray - David Vrbecky

David Vrbecky

Assistant Vice President, Chief Compliance Officer
Gray - Ryo Yoshida

Ryo Yoshida

Managing Director, Executive Office

Mahoko Hara

Executive Chair

Ms. Hara is the Executive Chairperson of Aviation Capital Group (“ACG”) and is also a Senior Managing Executive Officer of Tokyo Century Corporation (“TC”).  Ms. Hara assumed the Executive Chair role in December 2019 following TC’s acquisition of ACG.  

Ms. Hara joined TC in 2011 and has been responsible for strategic planning and cross-border M&A for TC’s specialty finance businesses with particular focus on the aviation sector.  

Prior to joining TC, Ms. Hara worked for Shinsei Bank and Citibank specializing in structured credit and asset finance.  Prior to these roles, Ms. Hara was with Dai-Ichi Kangyo Bank (now Mizuho Bank) fulfilling a variety of roles in corporate and investment banking, including several years in the London and New York offices. 

Ms. Hara holds a B.A. in International Relations from Tsukuba University and a certificate in Leadership and Management from UCLA Anderson School of Management.

Thomas G. Baker

CEO & President

Mr. Baker is the Chief Executive Officer and President of Aviation Capital Group (ACG). Prior to assuming leadership of ACG in November 2020, Mr. Baker served as Executive Vice President and Chief Revenue Officer, with responsibility for leading ACG’s Sales/Marketing, Trading and Technical teams. Mr. Baker previously oversaw ACG’s corporate strategy, financial planning & analysis, and investor relations functions.

Mr. Baker joined ACG in 2016 from Goldman Sachs’ Investment Banking Division, where he covered clients in the Aviation & Transportation Sectors since 2006. In this role, he advised clients on strategic priorities, capital structure optimization, equity and debt issuance, mergers and acquisitions, as well as managing relationships with key sector investors. From 2012 –2014, he was head of the Asia (ex-Japan) Transportation coverage group for Goldman Sachs in Hong Kong, where he worked on debt and equity financings in the aviation and transportation sectors. Prior to Goldman Sachs, Mr. Baker spent a number of years at Citigroup in investment banking and Morgan Stanley in equity research.

Mr. Baker holds a B.A. from Brown University and an M.B.A. from Massachusetts Institute of Technology.

Anthony Diaz

Independent

Mr. Diaz currently serves as Non-Executive Chairman of Zephyrus Aviation Capital. Mr. Diaz was previously President of CIT Aerospace from 2012 to 2017. Prior to this position, Mr. Diaz served as an Executive Vice President of CIT Aerospace, and he was associated with subsidiaries and affiliates of CIT from 1987 through 2017. From 1981 to 1987, he was employed by People Express Airlines (which was subsequently merged into Continental Airlines) in a variety of operational and financial capacities. Prior to 1981, he worked at Cessna Finance Company, where he was primarily involved in aircraft finance. He has also served as a Director of CIT Aerospace International Ltd.

Mr. Diaz holds a Bachelor of Science degree from Embry-Riddle Aeronautical University and an Associate of Science degree from the State University of New York at Farmingdale.

Ko Nakagawa

Representative

Ko Nakagawa serves as Managing Executive Officer of Tokyo Century (“TC”), where he is the Chief Compliance Officer and President of the Credit Supervision Unit, the Risk Management Unit and the Legal Division Unit. He also serves as the chair of the Comprehensive Risk Management Committee and Credit Risk Management Committee.

Since joining TC in 2010, he has worked in various business areas including corporate finance and automobile finance. He was promoted to Executive Officer in April 2017 and Managing Executive Officer in April 2021.

Prior to joining TC, Mr. Nakagawa spent over 28 years with the Mizuho Financial Group (originally Dai-Ichi Kangyo Bank) where he held various senior positions overseas for 12 years, including six years in the New York and Los Angeles offices. He has also served as EVP of DKB California and General Manager of Foreign Exchange Business Department of Mizuho Corporate Bank.

Mr. Nakagawa received a B.A. in Economics from Keio University.

Keiichiro Oguishi

Representative

Keiichiro Ogushi joined Tokyo Century (“TC”) in July 2020 and is currently Deputy President, Director and Executive Officer, where he is responsible for TC’s Specialty Finance Business Development Unit and Specialty Finance Business Unit I.

Mr. Ogushi began his career with the Dai-ichi Kangyo Bank (now Mizuho Bank) and spent over 35 years with Mizuho holding various senior positions in retail and corporate banking, including Head of Retail Banking Unit and Head of Corporate Banking Unit to Mizuho Financial Group. His most recent position with Mizuho Financial Group was Senior Managing Executive Officer, Head of Research & Consulting.

Mr. Ogushi holds a B.A. in Law from Keio University and an MBA from the Massachusetts Institute of Technology Sloan School of Management.