Key Equipment Finance has confirmed it will remain in the European market but that it is to streamline operations.
European clients will be served from centralised offices in the UK, France, Germany, Italy and Spain.
The equipment financing solutions company said in a statement: “The European market is a top priority for Key Equipment Finance [KEF].
“We are streamlining our European operations and will now serve all European clients from our centralized offices in the UK, France, Germany, Italy and Spain. We remain fully committed to meeting the needs of our clients in the United States, Canada and Europe.”
The KeyCorp subsidiary began consultations with staff in some of its European offices for a proposed restructuring in the region last month.
Future moves may include the run-off of the Nordic book and closure of the operation in the territory.
KEF has historically also listed its offices as being in Austria, Belgium, Denmark, Finland, Ireland, Luxembourg, the Netherlands, Norway, Sweden, and Switzerland.