Simply expands team in Northern Ireland

UK-based lender Simply has appointed Sean Darcy as area sales manager for the south-west of Northern Ireland. With more than 30 years’ experience in the commercial banking and asset finance sector in Northern Ireland, Darcy started his career with NatWest Business and has also worked for First Trust Bank and most recently Close Brothers Commercial Finance.

Simply expands team in Northern Ireland

Nov 15, 2019

UK-based lender Simply has appointed Sean Darcy as area sales manager for the south-west of Northern Ireland. With more than 30 years’ experience in the commercial banking and asset finance sector in Northern Ireland, Darcy started his career with NatWest Business and has also worked for First Trust Bank and most recently Close Brothers Commercial Finance.

Bibby Financial Services appoints head of business centre for trade finance

Global SME finance provider Bibby Financial Services (BFS) has appointed Karl Leitelmayer as its head of business centre for trade finance in the UK. He joins BFS after 19 years at Lloyds Banking Group, most recently as head of broker channel sales - invoice finance, where he was instrumental in the redesign and launch of Lloyds’ broker offering to the invoice finance market.

Bibby Financial Services appoints head of business centre for trade finance

Nov 08, 2019

Global SME finance provider Bibby Financial Services (BFS) has appointed Karl Leitelmayer as its head of business centre for trade finance in the UK. He joins BFS after 19 years at Lloyds Banking Group, most recently as head of broker channel sales - invoice finance, where he was instrumental in the redesign and launch of Lloyds’ broker offering to the invoice finance market.

Invigors EMEA bolsters asset finance team with appointment of Nick Feasey

The former director of funding and strategy at Lenovo Financial Services, Nick Feasey, has joined consulting and services company Invigors EMEA to strengthen its operations in Europe. Feasey (pictured) has more than 20 years’ experience in the technology asset finance sector and during his time at Lenovo he was responsible for establishing ‘data-as-a-service’ (DaaS) and on-demand financing capabilities. Prior to this, he spent more than 10 years with equipment lessor CIT in various roles, which included growing the Dell Financial Services program in EMEA and APAC regions.

Invigors EMEA bolsters asset finance team with appointment of Nick Feasey

Nov 07, 2019

The former director of funding and strategy at Lenovo Financial Services, Nick Feasey, has joined consulting and services company Invigors EMEA to strengthen its operations in Europe. Feasey (pictured) has more than 20 years’ experience in the technology asset finance sector and during his time at Lenovo he was responsible for establishing ‘data-as-a-service’ (DaaS) and on-demand financing capabilities. Prior to this, he spent more than 10 years with equipment lessor CIT in various roles, which included growing the Dell Financial Services program in EMEA and APAC regions.

Thought Leaders

Unicorns of asset finance balance high growth and low cost of risk

Nov 06, 2019

Making a substantial impact on the UK business leasing market isn’t easy. A quick review of the Asset Finance 50, the ranking survey of lessors published by Asset Finance International and Asset Finance Policy, shows: None of the top 30 companies were established less than 10 years ago (disregarding changes in ownership). Looking at companies established in the past 10 years, all sit in positions from 31 to 50 of the rankings. In the last reported financial year, as many lost volume as gained it (in a few cases, reflecting the selling down of portfolios rather than new business levels). Some of the fastest growing companies have reported substantial write-offs and provisions in the past three years. There are a few exceptions - the ‘unicorns' of asset finance. These are companies that are climbing up the Asset Finance 50 without displaying higher than average cost of risk, to date at least. These firms are demonstrating an impressive ability to manage the sometimes conflicting targets of fast growth and low cost of risk.

Leasing Professionals

Key drivers of change in auto and equipment finance sectors to be explored at upcoming IAFN conference

Oct 29, 2019

With the agenda for the largest asset finance event in Europe shaping up to be a fascinating insight into the way the industry is transforming, preparations for the latest International Asset Finance Network (IAFN) Conference are well underway. With the 12 December deadline drawing closer, staff at IAFN have been working tirelessly over the last few months to gather a group of industry titans to present their innovative ideas at the venue in 155 Bishopsgate, London, EC1M. With the tagline “Be smart: how to lead in next generation auto and equipment finance”, the conference has attracted senior speakers from the UK, the US, Spain, Italy, France, India, Ireland, Germany, and Israel, and is set to address the key drivers of change across consumer and business auto and equipment finance.