UK funder Victoria Asset Finance (VAF) has appointed Jeremy Baber as head of asset finance, effective as of March this year.
Between 2014 and 2016, Baber was production director at Valldata Group, a payments processor for the not-for-profit sector; and prior to that he was operations director – Asset Finance at Aldermore Asset Finance between 2011 and 2013. During his tenure, Aldermore’s asset finance business grew from £228m to £645m, according to his LinkedIn profile.
Baber was at GE for over 20 years, culminating in latter roles as operations director and site leader of its asset finance business in Bristol and pan-European roles delivering process improvement and ExtraNet development at GE Capital EMEA.
Leasing Life has contacted Baber and Victoria Asset Finance for comment.
The Link Financial Group, an investment management and outsourcing firm, launched its asset finance company Victoria Asset Finance in October of 2015. Victoria Asset Finance is backed by the Group’s 1.5bn Credit Opportunities fund, which it said at the time was intended for the purchase of assets including those in run-off or that are non-core. Link Financial Group acquired the legacy book of ING Lease UK in November of last year; three years after ING announced its UK exit.
Selina Burdell, Link Financial Group chief operating officer, said in October 2015: "Link Financial Group has been an industry leader in credit for over 16 years, developing products ranging from consumer loan servicing through to specialist fund management. Launching Victoria Asset Finance, as we have, will allow us to leverage up our Group resources.
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"These will include not only the relationships which we have developed with our key partners but allow us to drive operational efficiencies through our proprietary system LDMS as well as leveraging up our specialist funding expertise which has been developed across over 2,000 individual portfolio purchases the Group has made since 1999."