Key Equipment Finance has confirmed that it
will remain in the European market but is to streamline
operations.
European clients will be served from
centralised offices in the UK, France, Germany, Italy and
Spain.
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The company said in a statement: “The European
market is a top priority for Key Equipment Finance (KEF), and we
remain fully committed to meeting the needs of our clients in the
United States, Canada and Europe.”
The KeyCorp subsidiary began consultations
with staff in some of its European offices for a proposed restructuring in the region last month. Future
moves may include the run-off of the Nordic book and closure of the
operation in the territory.
On its European website, KEF has historically
also listed offices in Austria, Belgium, Denmark, Finland, Ireland,
Luxembourg, the Netherlands, Norway, Sweden, and Switzerland.
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