Isobel McEwan is understood to have stepped down from her role
as sales director at Fortis Lease UK.

This takes place against the background of the purchase of
Glasgow-based Fortis Lease UK by BNP Paribas Lease Group.

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This is the second sales director to have moved on in as many
weeks. Indeed, Leasing Life revealed last week that Andrew Bullard
had stepped down from his position as sales director at State
Securities.

Separately, Fortis Lease UK’s corporate jet and yacht finance
business, based in London, closed to new business last month.

It is believed the portfolio, of around €500 million and around
25 high value assets, was closed because it was “non-core” to the
main business.

A full update on the leasing subsidiaries of the leading
European banks – including Fortis Lease UK – is appearing in the
current issue of
Leasing Life (August issue), out next
week.

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