UniTrust Finance and Leasing Corporation has
claimed that it will emerge as the clear leader of the Chinese
leasing market in 2010, after a year of growth backed by private
equity group TPG Capital.
Siming Li, UniTrust’s CEO and the former
managing director of CIT’s Asia Pacific unit, said that he was
expecting “triple-figure” growth for the business this year, and
stated that staffing had doubled in the last six months
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“Despite challenges in the leasing sector in
China, UniTrust has grown substantially in the past 12 months.” he
said.
Li joined UniTrust in April 2009, one of
several key figures to move from troubled American lessor CIT’s
Chinese business.
UniTrust was formerly known as Nissin Leasing.
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By GlobalDataA full analysis of UniTrust’s prospects will appear in next
month’s Leasing Life
