All articles by Antonio Fabrizio
Antonio Fabrizio
ING Car Lease appoints Cubbon
ING Car Lease UK has named Mark Cubbon as new director of sales as it plans to expand business and increase its involvement in the public sector. Cubbon, formerly head of business development at Lex Autolease, has spent 14 years working in the vehicle leasing sector, the last 11 holding senior management posts
Hypo Alpe-Adria wipes board clean in Slovenia
Austrias Hypo Alpe-Adria has replaced its entire leasing management in Slovenia amid mounting speculation of financial irregularities within the structure The sudden replacement last week has been followed by confirmation by local police authorities of an ongoing investigation in the lenders Slovenian banking and leasing units
Barclays exits SME leasing
Barclays Corporate has changed its lending policy and will no longer provide asset finance to companies with turnover less than £5m a year. A Barclays spokeswoman said that the need for asset finance among larger companies was not shared by its smaller customers, adding: We will continue to offer asset finance to Barclays Corporate customers where we are satisfied that the asset provides suitable security With SMEs of less than £5m turnover, we have seen a change in the asset finance portfolio and are reflecting this with changes to our overall proposition for new finance requests.
Profits up, growth for Grenke
Grenkeleasing posted a 13 percent increase in net profit to 27.8m in 2010, marking another year of growth for the German company The small-ticket IT leasing lessor recorded its strongest performance in Italy, the UK, and France, where it trebled new business volume
Beckers quits LeasePlan for Arval
Beckers replaces Jean-Marc Torre, who has been at the helm of the BNP Paribas-owned fleet leasing company for the past five years.
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KEF to streamline European business
Key Equipment Finance has confirmed that it will remain in the European market but is to streamline operations. 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.
Credit Agricole expands in Italy
French bank Credit Agricole has completed the first stage of the acquisition of Italys Cassa di Risparmio della Spezia (Carispe) bank from Intesa Sanpaolo Group. The move should benefit Credit Agricoles Italian leasing business, which relies on the bank branch network to originate deals In total, Intesa Sanpaolo will transfer almost 200 branches to Credit Agricole within a few months, taking the total number of bank branches to 902, all of which will offer leasing.
Work-life quiz: Paul Robson, MD, Medialease
Current job: MD of Medialease What was your first ever job
Heart’ of Italian association dies aged just 56
Fabrizio Marafini has been described by those who knew him as a man with a real passion for the leasing profession. The general director of Assilea, the Italian leasing association, had made leasing an important part of his life despite university studies and a career which initially didnt seem intended for leasing at all.
LCV emission targets to be phased in
New rules to reduce CO2 emissions from vans have been welcomed by manufacturers and lessors as a sign that LCVs are central to the European Unions environmental aims.