Hitachi Capital Business Finance (HCBF) has unveiled plans to significantly grow its business and broker network in 2013 and has hired former two ING employees in anticipation of increased business.
HCBF has appointed Gavin Wraith-Carter as head of credit & asset management and Graham Lines as head of operations, both of whom join from ING Lease.
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The company has already relocated to new offices in Staines-upon-Thames, and is planning to increase its headcount across the business by 60%.
HCBF said it had expansion plans in place before the departure of ING Lease from the UK market was announced but plans had been accelerated in the wake of the news.
Carl D’Ammassa, managing director of HCBF, said the company was already speaking to a number of brokers looking for an alternative asset finance partner, and that the company looked favourably on members of the National Association of Commercial Finance Brokers.
D’Ammassa added: "Our expansion plans have been in place for some time. We want to build on our parent company’s success in the UK. We are fortunate to have unrestricted access to capital and investing to build a sustainable proposition for the UK asset finance sector.
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