Bank-owned lessors Investec and Aldermore have both sent recruitment teams to ING Lease in an attempt to woo potential talent.
The teams have have made presentations to current ING staff, based in Redhill, following the announcement in October that the UK arm of the Dutch bank-owned funder would stop taking new business at the end of November.
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Both funders have announced their intentions to step into the funding gap left by ING’s sudden departure, with Aldermore saying on 15 November that it had "accelerated its asset finance growth plans" and "immediately launched a recruitment drive."
Investec is already in a phase of expansion, having moved to larger premises in Reading, and recently revealed its aim to almost double its portfolio to £1bn by 2014. It is understood that the company is also interested in continuing ING’s tradition of broker guidance and training, as evidenced by its recent conference on upcoming regulation.
Wesley Harfield, Investec’s head of sales, said that the recruitment meetings seemed constructive for both parties, as ING will be looking to place their staff elsewhere and Investec has roles to fill, including in business credit and sales roles.
ING has approached several UK businesses similar to its own in order to improve the outcomes for staff it has to let go. While the company is "very happy" to see some of its former competitors considering staff for positions, it declined to comment as the matter rests between the new employer and employee.
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