All articles by Brendan Malkin
Brendan Malkin
JCB Finance UK gaining ground in public sector leasing
JCB Finance UK has showed signs of an even deeper commitment to the public sector with publications of records that it has signed at least circa £8 million of lease finance to local authorities and the emergency services over recent months. Data released in recent weeks by the Official Journal of the European Union (OJEU) showed that in March this year alone the lender signed a relatively significant number of public sector deals in the UK ranging in value from 310,000 to 2.1 million
Mixed results as car values hold up, van prices go down
Car values continue to strengthen with prices rising by 0.6 percent across the market, Manheim Remarketing reported this week. Dealer part exchange car values rose by 3 percent between April and May, while manufacturer stock rose in value by 1.6 percent Average values are nearly 9 percent higher now than they were a year ago, the auction house reported.
Editor’s Letter: Lessors go head to head
European leasing, it appears, has boiled down to a Darwinian battle in which only the strongest survive. Across the continent, more and more examples have emerged of resilient, energetic and well-run companies replacing slightly weaker ones. A good example of this is in the rail finance sector
Behind the moves: Entering the rail market
Close Leasing trio impress Preben Prebenson at major board meeting Close Asset Finance is making an impression on its parent, Close Brothers, in all sorts of ways.
Arval raises safety and environment concerns
Some LCV fleet users are leasing vehicles for so long they are potentially causing damage to the environment through pollutants, a report commissioned by the BNP Paribas Group-owned leasing company has made clear.
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NAB rail big hitter joins Close Leasing
Close Leasing, the UK subsidiary of Close Asset Finance, has won approval from the main board of its parent bank to provide syndicated loans to the burgeoning rail finance sector.
Changes at helm of FLA
The Finance & Leasing Association (FLA) is due to announce later today or tomorrow the new members of its main board, Leasing Life has learnt
Vervaet joins Bynx
The former head of ING Lease Group, Alain Vervaet, has joined automotive software company Bynx Limited as a non executive director Vervaet will help Bynx, which specialises in providing software for the contract hire, fleet management and rental originated market, as it seeks to make inroads into the pan European market.
Hitachi loses syndications head
Dilek Mackenzie has stepped down from her job as Hitachi Capitals head of syndications to launch her own vendor and captive business. The move follows a period of change at the lender, including the resignation of the head of its business finance arm, Robert Munn, and also the arrival of former GE vendor finance specialist Marie Dunkley.
McNamara takes over at Close Asset Finance
Mary McNamara, a well known figure in consumer, fleet and equipment finance, has taken over as the new head of Close Asset Finance. Most recently McNamara was the interim Group COO for Skandia, part of the Old Mutual Group, and prior to that spent 17 years at General Electric, during which time she ran at different times both its European fleet and equipment finance businesses.