All articles by Brendan Malkin
Brendan Malkin
Montly Law Profile: Walkers
LEASING LIFES MONTHLY PROFILE OF A LAW FIRMS LEASING DEPARTMENT
Raft of new leasing heads appointed
There has been a flurry of management changes among top lessors, including the appointment of a new head of the UK arm of Siemens Financial Services (SFS) after a 15 month recruitment process Paul Burgess has been appointed chief executive officer of Fortis Lease UK with effect from April 1.He replaces Gerard Moon who left the company at the end of March after some five years in the post
Foreign business to further bolster Deutsche Leasing
Leasing of moveable assets rose 21 per cent to 6.2bn and its combined real estate and structured finance arm grew 38 per cent to 1.6bn, fuelled partly by its majority acquisition in Deutsche PPP Holdings GMBH, which operates publicsector construction projects
Heritable AF bolsters broker business
Heritable Asset Finance, a subsidiary of Heritable Bank, has recruited a new broker manager, formerly from ING Lease.
GE launches UK transport finance arm despite risk of downturn
Despite claims voiced by senior transport industry figures that the UK truck finance market faces a difficult year ahead, GE Capital Solutions has gone ahead and launched a major new business in this sector. The company has the ambitious plan of being the lender of choice in the UKs transport market with the launch of a business providing lease finance for trucks, trailers, bus and light commercial vehicles market, according to Kelvin Briggs, GE Capital Solutions new UK transportation leader
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Mix and match
One ex senior asset finance specialist, for instance, remarked last month that a mix of asset based lending, property finance, stock finance, and leasing serves both as a cushion to limit the impact of credit crunches, and maximise the potential for cross selling
Exclusive sales research
Exclusive sales research Did you know it is six times harder for a lessor to make a profit out of a new customer than it is to do so for an existing customer? Two research agencies, Mercuri International Group and Interimus Limited, have surveyed staff in hundreds of leasing businesses across Europe, including Merrill Lynch, ABN AMRO and Fortis
Banca Italease faces investor claims
Banca Italease faces investor claims Troubled leasing company Banca Italease is facing yet further pressure with the launch of a mass of complaints from investors
NAB sells fleet business
National Australia Bank Ltd has agreed to sell its commercial fleet business to South Africa’s Super Group Ltd. This follows last year’s sale of NAB’s Custom Fleet car leasing business to GE Commercial Finance
Lessors still face Global EPP losses
International lessors are still fighting to recover some £70m from former lessee Global EPP, despite a sale of the company last month to German company Schwartz. Colin Haig, a PriceWaterhouseCoopers accountant jointly handling the administration of the plastics moving manufacturer, said: We will fully complete the process of realisation before distribution of Global EPP assets takes place.