Mariana Bedacarratz has been chosen as the new chief executive of BNP Paribas Leasing Solutions Iberia, the company announced.

With over 23 years of experience in the financial industry, Bedacarratz will oversee the firm’s operations across Spain and Portugal.

Bedacarratz said: “It is with great pleasure and enthusiasm that I embrace this challenge to lead Leasing Solutions in the Iberian market and continue our mission, particularly in these challenging times, to support companies in expanding their operations through our rental and financing solutions adapted for professional use equipment”.

Bedacarratz first joined BNP Paribas group in 1997 as head of commercial production in Panama, before joining BNP Paribas Argentina, initially as a credit analyst for BNP Paribas CIB, before becoming head of management control.

Then in 2010, Bedacarratz joined BNP Paribas Personal Finance in Argentina, before becoming finance director in 2012.

In 2015, she took on the same role at BNP Paribas Personal Finance Spain. Three years later she was appointed operations director, managing more than 900 employees.

BNP Paribas Leasing Solutions is based in France but operates branches internationally offering rental and finance leasing solutions.

According to the company’s key figures, it processes 1,600 leasing applications each day and has signed 346,000 contracts, with an outstanding total of €34bn ($40bn) assets under management.

With 3,600 employees worldwide, the firm operates across 20 countries in Europe, China, the US and Canada.

Throughout the pandemic, the firm has continued to provide leasing solutions tailored to the varying needs of each client.

Approving more than 160,000 requests for 3- to 6-month payment deferrals in all their markets, the firm deployed 15 robots to help manage a large number of requests.

The finance leasing market, of which BNP Paribas is a leading player, is expected to record a CAGR of 5% by 2027, according to a study from Market Research Inc.