Well-known UK lease broker Phil Betts has been appointed to the
board of Merchant House Finance Ltd.
Betts has been the first of a number of senior leasing
executives to join Merchant House Finance, which was formed as a
joint venture between Industrial Investment Group and AIM listed
Merchant House Group plc in 2006.
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He has completed a number of high profile transactions, mainly
in the ‘turnaround’ finance sector, and his appointment to the
board is part of the company’s stated intention to grow the
business areas with a view to a public listing in then next few
years.
In the July issue of Leasing Life it was reported that he
structured and brokered the acquisition of Countryliner Coaches in
a complex deal involving a host of finance products.
Betts joined Industrial Investment Group, MHF’s holding company,
in May 2006 after spells at Midland Bank and Royscot Trust. He
joined the accounting firm Frazer Russell in 1989 and then British
Credit Trust in 1993 before founding his own lease brokerage PB
Corporate Finance in 1995.
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