Hitachi Capital America hires Todd Glickstern

Hitachi Capital America Corp (HCA) has recruited industry veteran Todd Glickstern as director of originations for the structured finance division. Glickstern has 33 years of experience in commercial finance. In his role at HCA, he is responsible for originating and managing structured finance transactions, as well as large ticket equipment leases/loans and leveraged loans. Prior to joining HCA, Glickstern worked at GE Industrial Finance, where he served as a senior vice-president, having held a series of senior positions throughout GE Capital.

Hitachi Capital America hires Todd Glickstern

Dec 03, 2018

Hitachi Capital America Corp (HCA) has recruited industry veteran Todd Glickstern as director of originations for the structured finance division. Glickstern has 33 years of experience in commercial finance. In his role at HCA, he is responsible for originating and managing structured finance transactions, as well as large ticket equipment leases/loans and leveraged loans. Prior to joining HCA, Glickstern worked at GE Industrial Finance, where he served as a senior vice-president, having held a series of senior positions throughout GE Capital.

DLL in $1bn securities deal

Leading global vendor finance company DLL has closed its latest asset backed securities (ABS) securitization transaction for more than $1 billion, marking the largest equipment deal in the recent history in US markets. The transaction follows two successful DLL securitizations in November 2017 ($501.5 million) and May 2018 ($824.4 million). The notes are backed by a pool of loans, leases and other financing solutions with respect to copiers, printers, networking, and office equipment originated by De Lage Landen Financial Services in the US.

DLL in $1bn securities deal

Dec 03, 2018

Leading global vendor finance company DLL has closed its latest asset backed securities (ABS) securitization transaction for more than $1 billion, marking the largest equipment deal in the recent history in US markets. The transaction follows two successful DLL securitizations in November 2017 ($501.5 million) and May 2018 ($824.4 million). The notes are backed by a pool of loans, leases and other financing solutions with respect to copiers, printers, networking, and office equipment originated by De Lage Landen Financial Services in the US.

PCF Bank partners with Code Investing to provide vehicle and asset finance to UK SMEs

Specialist funder PCF Bank has announced a strategic partnership with alternative finance marketplace Code Investing to provide vehicle and asset finance to the UK SME sector. The tie-up will see PCF gain direct lending access through Code Investing to pre-qualified SMEs that require hire purchase and leasing finance to assist them with acquiring assets.

PCF Bank partners with Code Investing to provide vehicle and asset finance to UK SMEs

Nov 30, 2018

Specialist funder PCF Bank has announced a strategic partnership with alternative finance marketplace Code Investing to provide vehicle and asset finance to the UK SME sector. The tie-up will see PCF gain direct lending access through Code Investing to pre-qualified SMEs that require hire purchase and leasing finance to assist them with acquiring assets.

Americas

New business volumes rise in US equipment finance industry

Nov 26, 2018

The equipment finance industry is continuing to perform well, according to latest figures from the Equipment Leasing and Finance Association (ELFA). It says overall new business volume for October was $8.9 billion, up 6% compared to October 2017, while year-to-date cumulative new business volume rose 4%. Volume was up 5% compared to September from $8.5 billion, according to ELFA’s monthly leasing and finance index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the sector.

Asia Pacific

Santander builds ties to support China’s $900bn Belt and Road initiative

Apr 12, 2018

Santander and Bank of Shanghai have announced a strategic alliance as part of China’s Belt and Road initiative, one of the world’s biggest infrastructure projects. The memorandum of understanding between the two banks will focus on Europe and Latin America elements of the Chinese-led project to connect its mainland, the ASEAN countries, the Middle East, and Central and Eastern Europe via road and maritime routes. The initiative is set to be the defining legacy of Xi Jinping, China’s president, which has already attracted world leaders to discuss how the initiative will develop.