All articles by Antonio Fabrizio
Antonio Fabrizio
Deutsche Leasing boosts board
Germanys Deutsche Leasing has appointed Rainer Weis and Matthias Laukin to its management board Weis will be responsible for Deutsche Leasings fleet business and for the cooperation between the lessor and the Sparkassen-Finanzgruppe saving banks. He has extensive experience with the savings bank organization in different regions and functions and will start on January 1, 2011 at the latest.
IDS enhances ProFinia
International Decision Systems (IDS) has incorporated Vertex Indirect Tax O Series, a tax solution by UK tax software specialist Vertex, with its ProFinia lease software. The integrated solution will allow leasing companies to manage all tax events across the transaction lifecycle, providing automation, compliance and reporting. IDS director of product management Katie Emmel said the tax solution had been developed to address the challenges of ever-changing tax regulations that put a large burden on the tax departments of equipment finance companies.
Cassiopae V4 to BRD Sogelease
Asset finance software provider Cassiopae has rolled out its Cassiopae V4 software to BRD Sogelease IFN SA, the Romanian lessor owned by Socit Gnrale (SG). As part of an agreement signed between Cassiopae and SG last year, V4 will also be installed at several SG sites worldwide In Romania, Cassiopae V4 software is handling contract activation, mid-term adjustments, asset management, end of contract, delinquency management and management of local legal and accounting requirements.
On the move: September 2010
GE Capital UK has made two senior appointments at its London office The specialist finance provider has promoted Stephan Caron to commercial leader and Cyr Paillard to marketing leader
Play to win
The impact of big sporting events on leasing is evident in countries where hosting them represents an opportunity to modernise infrastructure
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Closer Polish ties for DLL
The new agreement, announced last month, enhances an existing vendor programme, launched in 2007 between the Dutch lessor and the construction and agricultural equipment manufacturer, and might pave the way for closer ties in the future.
Tightening credit standards in EU
Access to finance continues to be a challenge for small and medium-sized enterprises across Europe, reports from the European Central Bank (ECB) and the Bank of England (BoE) have revealed. A bank lending survey published by the ECB in July showed a further increase in the net tightening of credit standards with respect to SME financing
The quiet revolutionary
Deutsche Leasings new CEO sets out his strategies for the global leasing giant Deutsche Leasing has appointed a new chief executive
Arval buys la Caixa’s vehicle leasing arm
BNP Paribas-owned Arval has agreed to acquire the vehicle leasing arm of Spanish savings bank la Caixa It will pay 62m for the fleet management and contract hire business. The deal gives Arval a total fleet of 85,000 cars and vans, combining Arvals 48,000 vehicles with CaixaRentings 35,000 vehicles
LeasePlan profit up in H1 2010
The fleet management company, which operates in 30 countries worldwide, said that improvements in interest margins and a steady recovery in the used vehicle market contributed to the increase.