The Annual Leasing World Awards Dinner was, once again, a very enjoyable event, featuring 24 awards including six new broker awards to complement the existing coveted 18 categories. Our thanks go to our Head Sponsor, Hitachi Capital Business Finance, who - in a First - won a hat-trick of awards, viz. Lessor of the Year, Broker Champion, and Next Generation awards . .read more...
We know that many of you have been anxious to hear the final LW Awards shortlists, so here they are at last . . .
Read SEPTEMBER BrokerWorld on the free BrokerWorld App.This month's edition leads with Hitachi Capital's European expansion, profiles RM Capital's swift growth in Scotland, and the latest updates from Renaissance Asset Finance. If you fancy a quiet chuckle, read our new associate editor's piece on How Quiet was your August. . . .read more...
An important and timely all day conference, with lunch and refreshments, that focuses on the Risks that face the Asset Finance industry in late 2017, [Request a last minute place], including macro big picture risks to UK business (presented by Paul Nash, Partner at PwC LLP), the Regulatory risks of GDPR, and Conduct Risk (examined by legal expert Joanne Davis, Partner Locke Lord LLP), and Credit Risk with two main credit underwriting approaches of Story Credit and Credit Score compared . .read more...
Lloyds Bank has launched enhanced services and commissions for brokers, to make it easier for them to support their clients’ funding . . needsread more...
Aldermore, the specialist bank, has announced the acquisition of a 48% minority equity stake in AFS Group Holdings Limited (AFS), one of the largest introducers to asset and commercial finance funders in the UK . .read more...
BNP Paribas Leasing Solutions has has appointed a new CEO for its 450-strong UK operations, Jean-Michel Boyer, who plans to exceed existing already ambitious growth targets in the UK . .read more...
Private & Commercial Finance Group (“PCFG”), the AIM-listed finance group based in the City of London and recently recipient of a banking licence, has drawn down an additional £13.5 million against a £25 million funding facility from Aldermore . .read more...
Ignition Credit is continuing to expand with the appointment of three new senior members to its team. The company, since its acquisition by Star Asset Finance Group in 2015, has been driving to expand its workforce and extend its geographical reach.read more...
26/05/2017 - Shares in Alfa Financial (previously CHP Consulting) leapt as high as 425p in early trading and by mid-afternoon of its launch day the company was valued at £1.25 billion, which is substantially more than challenger banks like . .read more... Comments (1)
Enjoy LeasingWorld Digital magazine, powered by Flickread. To try the digital magazine . .read more...
1pm plc has announced the acquisition of Intelligent Financing Limited, trading as Intelligent Loans (“iLoans”), a brokerage engaged in the packaging of secured Bridging loans, Second Charge loans and Commercial Mortgages.read more...
After the immediate howls of pain die down from those wounded by the latest, and thankfully last, Spring Budget, will SMEs be left with a feeling that the Budget, the Chancellor, the Treasury, and hence the powers that be are basically downbeat on business?read more...
New figures for January, released by the Finance & Leasing Association (“FLA”) show that asset finance new business grew by 16pct in January, compared with the same month in 2016.
The January stats included broker driven activity showing a rise of 27pct (!) which was heartening as the recent talk in the broker industry had been about a quiet early January for some, indeed BrokerWorld had noted in its January edition DATA page that Q4 2016 was the first time in 3 years that a quarter was lower than the year previous.read more...
Our expert on all leasing matters budgetary, accounting and taxing, George Tonks, Partner at Invigors EMEAA LLP, gives his first impressions of the Budget as follows:
The Chancellor delivered an upbeat, but rather undramatic Budget speech (his first and last March Budget, as he will revert to an Autumn Budget in future). The overall tone was positive, with the economy faring better than forecast in the previous Autumn Statement and conveyed a message of being in control of the process of getting public finances back in shape.
However, for many asset finance companies, the most important part of the Budget was not covered by this speech . .
Crime doesn’t pay, or does it? Six years after the Total Asset Finance fraud was discovered, the guilty parties finally collected 44 years in jail between them. We would comment that the process of law took far too long in this case. Two brokers collected a 10 and a 15 year term between them, and an employee of a funding bank who had accepted nearly £900,000 in bribes for continuing to approve the dodgy deals got 7 years. We asked industry veteran John Bennett of JB Associates, who has seen it all before, for his thoughts.
He said, “Another old style leasing fraud – but any new lessons? It was a simple fraud, based on . . .read more... Comments (3)
New figures released by the Finance & Leasing Association (“FLA”) show that asset finance new business (primarily leasing and hire purchase) grew by 5pct in 2016 – the sixth consecutive year of growth. The figures also remind one that it has taken many years to reach 2008 levels again, in terms of asset finance volumes, although that is partly due to the virtual disappearance of the big ticket leasing business . .read more... Comments (1)
Societe Generale Equipment Finance (“SGEF”) has appointed seven top industry veterans to new positions in its organisation, without spending a penny on headhunters or recruitment company fees! This is how it was done . . .read more... Comments (2)
Hampshire Trust Bank (“HTB”) the specialist bank asset finance, property finance and commercial mortgage bank, has announced the appointment of Jon Maycock as Managing Director of Asset Finance.
In his role as head of the Asset Finance business, Jon will focus on enhancing both the broker and block discounting channels. This will involve continued investment in IT systems and broadening the bank’s proposition to the broker market, while exploring new opportunities to grow the Asset Finance business in line with Hampshire Trust Bank’s strategy. The existing heads of broker and block discounting businesses will report to Jon.read more...
Adam Tyler has sought to combine his unique combination of knowledge of the Business Lenders and Funders in the UK and the Broker market coupled with deep connections into the Small Business community and a big reach into Westminster to launch of FinancemyBusinessonline, a new Finance Platform that aims to become the best way to find Business Finance for SMEs.read more... Comments (1)
Don't worry if you missed some of the asset finance Christmas events, you can catch up with all the big ones here in our two Christmas issues of Leasing World magazine, photos and all, with our compliments.read more...
International and EMEA leasing news is available on the Leasing World International APP for iPad, iPhone, and Android devices, and is free to download. For those looking to view on their PC . .read more... Comments (1)
Ultimate IFRS16 session . .read more...
Leaseurope is launching a series of roundtable meetings across Europe to discuss leasing as a key source of finance for SMEs. The aim is to explore the national SME financing landscape and improve the understanding of leasing as a valuable form of investment finance, as well as identifying any potential obstacles hindering its use by local SMEs and how these could be tackled at national and ultimately European levels . .read more...
Independent business funder, Bibby Financial Services (“Bibby”), has announced that Steven Box has taken on the role of International Chief Executive Officer. In addition to Bibby’s European businesses, as of 1 January 2016 he is responsible for operations in Canada, USA, India, Hong Kong, Singapore and Malaysia . .read more...
It has been widely trailered in the Dutch and international press that Rabobank Group is in preliminary talks with banks, institutional investors and private-equity firms that may bid for its leasing unit, De Lage Landen International BV, in a sale that may fetch as much as €4.5 billion, according to various sources.read more...
Leaseurope, the trade association representing the European leasing and automotive rental industries in Europe, has announced that its Board of Directors has unanimously appointed Leon Dhaene as Director General effective 1 December 2015. Leon Dhaene succeeds Tanguy van de Werve who left Leaseurope to join AFME, the Association for Financial Markets in Europe, to head their Brussels Advocacy Office.read more...
LeasePlan Corporation N.V has reached a record level of 1.5 million vehicles worldwide, a landmark it considers as confirming its global market leadership . .read more...
How much does it cost to get into a highly paid career in leasing, that has a touch of glamour about it? There is a way, so how might one go about it?read more...
In Vietnam, the HCM City People's Court has handed down death penalties to two former executives, one a leasing executive, for embezzling the equivalent of approximately $5.2 million and abuse of power while running state leasing companies.read more...
Agos Ducato (a subsidiary of Credit Agricole Consumer Finance) has become Sword Apak’s third Italian based client to date. Expanding its wholesale operations in Italy by introducing main dealers into its business portfolio, Agos needed a robust platform to support its expansion plans. Having reviewed the options, it selected Sword Apak to implement its state-of-the-art Wholesale Floorplanning System (WFS) v6. This is the second implementation for Sword Apak under the Credit Agricole umbrella with Netherlands based bank Ribank already a well-established WFS client . .read more...
Supposing a firm leases a fleet of cars from a lessor, and overnight all those cars have to be recalled for the same fault. The usual lease agreement says the lessee has to keep paying whether the asset is available to use or not.
But what if the lease is through the car manufacturer’s leasing captive?read more...
Did Google google their new name Alphabet before adopting the new handle? Because within a few hours of receiving the Google Alphabet announcement, our editor’s office received a terse email from Munich saying, “As being reported in the media, Google has founded a holding company called Alphabet. The website www.alphabet.com is owned by BMW Group . .read more...
GE has announced the $8.5 billion sale of GE Capital Healthcare Financial Services to US bank Capital One. This is less than the $10-$11 billion mooted in the press from “people close to the matter” just three or four weeks ago.read more...
Most people have heard of Uber, and know what it is - it’s a taxi service that’s given traditional taxi companies a lot to think about. But actually, Uber says it’s something different to that, Uber says it’s an App, and the App is now creating its own leasing company . .read more...
|Vendor/Partner Account Manager - IT Finance - THC Recruitment
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|Quality and Complaints Agent (Consumer Finance) - THC Recruitment
|J2178 - Internal Sales Executive - UK, SE Eng / Thames Valley - Asset Finance - New Leaf Search
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|J2175 - Assistant Asset Manager - UK, Thames Valley / SE Eng - Asset Finance - New Leaf Search
|J2174 - Relationship Manager, Hard Assets - UK, Flexible - Asset Finance - New Leaf Search
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|J2171 - Asset Finance Collections Specialist - UK, Gtr London / Essex - Asset Finance - New Leaf Search
|Risk Manager : Asset Finance - CBC Resourcing Solutions
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|Senior Operations Manager- Vehicle Leasing - CBC Resourcing Solutions
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|Assistant Asset Manager Financial Services - The Oakland Partnership
|Senior Account Manager Asset Finance - The Oakland Partnership
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|External Broker Manager Asset Finance - The Oakland Partnership
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|2 x Trainee Business Development Managers Financial Services - The Oakland Partnership
|Business Development Managers Located within 1 hour of Brussels to sell full Services IT Finance solutions. Salary & guarantee up to 75,000 plus monthly paid commission on both volume and also margin. Realistic year 2 + earnings 150,000 per year with - Robinson Toms Recruitment
|Business Development Manager Manufacturing & Engineering Asset Finance UK South flexible on location for right person. Salary to £45,000 plus up to 8% of gross profit paid on every deal paid monthly & paid on every transaction plus volume bonuses of u - Robinson Toms Recruitment
|Originations Director Structured Finance London salary up to £80,000 on target earnings of 100% of base salary with 1/3 of all fee income paid as commission above a threshold. Commission is paid quarterly in arrears. - Robinson Toms Recruitment
|Manager Capital Strategies, Syndications EMEA Flexible location either UK South Midlands based or Germany Frankfurt based salary range £60,000 - £74,000 + company car or cash car allowance c£7000 + large company benefits and bonus - Robinson Toms Recruitment
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|New Business Development Manager Inventory Finance UK South Excellent salary plus bonus , company car or car allowance and highly competitive benefits - Robinson Toms Recruitment
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Leasing World is a hard copy magazine, which is mailed monthly to our subscribers. A digital version is available with two or more hard copy subscriptions. The typical edition features UK leasing news, surveys and legal pieces, plus shorter European and International leasing news stories. Special columns include Systems etc (software providers), Top of My Mind (latest legal info), Aspects of Fraud, City Chatter (a City lessor's blog, need we say more), Meanwhile Back in the Office, Recruitment Map, and Moves. There are always special features that examine a particular area of leasing, plus corporate profiles, conference coverage, and a Leasing events calendar.
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