Management Team

Michael C. RitterMichael C. Ritter
President and Chief Executive Officer

Michael C. Ritter is an experienced financial services executive, with a 29-year history of forming, acquiring, operating, and selling specialty finance companies.  Prior to re-launching Flagship in 2006,  Mr. Ritter was Executive Vice President, Chief Financial Officer, Chairman of the Investment Committee and Member of the Executive Committee of Itochu International Inc., the U.S. subsidiary of Tokyo based Itochu Corporation.  He was also Chairman of Telerent Leasing Corporation and Chairman and Chief Executive Officer of Healthcare Business Credit Corporation, both major subsidiaries of Itochu.   In addition, Mr. Ritter served as President and Chief Executive Officer of Franklin Equity Leasing Company and Advant Auto Group L.L.C, two other subsidiaries of Itochu International Inc.

From 1997 to 2001, Mr. Ritter was the President and Chief Executive Officer of the Original Flagship, a billion dollar auto finance company and wholly-owned subsidiary of Copelco Financial Services Group (“Copelco”).  In 1997, Mr. Ritter assumed the Chief Executive Officer position at Franklin Acceptance Corp., a subsidiary of Copelco, which was experiencing losses due to significant operational and credit problems.  Mr. Ritter reorganized the Company, improved credit quality, returned the Company to profitability, and changed its name to Flagship Credit.  That Company was sold to a major bank in December 2000.  From 1982 until 1997, Mr. Ritter served on the Board and was a senior officer of all Copelco, a subsidiary of Itochu International, Inc.
In 1982, Mr. Ritter co-founded Copelco Capital Corporation, an equipment leasing and finance company that grew to over three billion in assets.  Prior to Copelco Capital Corporation, Mr. Ritter was Vice President of finance for Hilliard Lyons Leasing Corporation, an equipment leasing subsidiary of J.J. Hilliard, W.L. Lyons a subsidiary of PNC Corp.

Mr. Ritter is a C.P.A., a former manager with Coopers & Lybrand, now PriceWaterhouseCoopers, specializing in the banking and leasing industry as a member of the firm’s national banking group.

Kenneth J. Sicinski
Senior Vice President and Chief Financial Officer

Kenneth J. Sicinski is an experienced financial executive with a broad financial services background.  He has primary responsibility for financial management and planning, treasury, accounting, tax, financial reporting and human resources for the Company. 

Mr. Sicinski has over 20 years experience in the financial services industry.  Prior to assisting in the re-launching of Flagship Credit Corporation in 2006, Mr. Sicinski served as Senior Vice President and Chief Financial Officer of Franklin Equity Leasing Company and Advant Auto Group L.L.C., both subsidiaries of ITOCHU International Inc. 

Prior to that role, Mr. Sicinski held various senior financial and controllership positions within Copelco Financial Services Group.  He was Vice President of Finance and Corporate Controller where he was responsible for financial and investor reporting and budgeting for the consolidated group. During his tenure at Copelco, the company’s consolidated assets grew from $500 million to approximately $7 billion.  He also held the position of Director of Financial Analysis and Budgeting at the Original Flagship Credit Corporation.
Prior to joining Copelco in 1991, Mr. Sicinski worked at Copelco’s parent company, MEDIQ, Inc., as a financial analyst.  Prior to that position, Mr. Sicinski held audit positions with IKON Office Solutions (formerly Alco Standard Corportation)  and Stockton Bates and Company. 

Mr. Sicinski is a C.P.A.

David Bertoncini
Senior Vice President- Strategic Development & Risk

David Bertoncini joined Flagship in September of 2007.  He has primary responsibility over Loan Originations, Credit and Portfolio risk modeling and analysis, Enterprise Risk, IT, and Business Development activities.

Prior to his work at Flagship, he was the Chief Marketing Officer for a newly-launched private student lending company where he was responsible for nearly $30 million in annual marketing spend.  Previous to that, he was Partner and Chief Financial Officer for Bates White, LLC, an economic consulting company in Washington D.C.  Mr. Bertoncini joined Bates White in its inaugural year of business and helped build the company into a leading economic practice with over 160 full-time staff and $40 million in annual revenue.
Mr. Bertoncini began his professional career with Capital One Financial Services, where among other duties, he developed risk-based pricing and marketing strategies for both prime and subprime credit card products.  While at Capital One, he initiated the subprime auto diversification strategy and was a core member of the initial business development and due diligence team.  After a year-long search that included a review of nearly 30 auto lenders, the company purchased Summit Acceptance Corporation, a subprime auto lender, in 1998.  Subsequent to the transaction, he oversaw all direct-to-consumer lending and was a key member of the integration and risk management teams.

Mr. Bertoncini received his B.S. in Economics from Santa Clara University and his M.S. in Economics from Duke University.