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September 24, 2018updated 24 Feb 2020 2:48pm

UK leasing company Carrick Asset Finance launches

Glasgow-based plant and equipment lessor Carrick Asset Finance has been launched with support from Bank of London and The Middle East.

By Christopher Marchant

Glasgow-based plant and equipment lessor Carrick Asset Finance has been launched with support from the commercial finance team at Bank of London and The Middle East (BLME).

Carrick’s management includes directors Gerard Moon, Gary Slavin and Iain Corbett.

Moon and Slavin both come from a half-decade stint at Macquarie Asset Finance. Moon previously worked at Asset Advantage and Grant Thornton’s leasing advisory unit, while Slavin’s curriculum includes five years with the Netherland’s Fortis Bank Glasgow division, before and after its takeover by BNP Paribas.

Corbett’s career includes just under seven years with Yorkshire and Clydesdale parent CYBG, as well as a brief stint as sales director at Haydock Asset Finance. Like Slavin, he was part of Fortis’s leasing arm before the BNP Paribas acquisition.

Carrick’s staff also includes credit underwriter Marc McLean, a 13-year Royal Bank of Scotland veteran and a business relationship manager at Clydesdale Bank.

Speaking to Leasing Life, director Moon confirmed the company would provide finance for a “wide range” of products, including vehicles, plant machinery and soft assets such as telecommunication equipment. Under current plans, Carrick’s footprint will cover the entire United Kingdom, and will start trading on October 1st.

Fred Yue, head of corporate banking for BLME said: “The asset finance market is buoyant in the UK and there are considerable opportunities for asset finance companies.

“With our funding, the experienced team at Carrick will be well placed to access these opportunities by providing customer-focused asset finance to customers directly and via brokers. We look forward to working with the management team and believe they will provide a much needed source of lending to the SME market.”

Corbett said: “Our overarching objective is to be much more than just another funder, it is to become a true business partner. We will work with a small, targeted group of brokers where we will invest time and effort to really understand their financing needs, building a strong partnership with them.

“Our team in Glasgow will work to a high level of service, providing a personalised approach to each and every customer and transaction. This is a very exciting opportunity for everyone involved.”

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