All articles by Brendan Malkin
Brendan Malkin
Star Capital in HSBC Rail bid
Included among those making bids for HSBC Rail is a fund comprised of Star Capital Partners, the fund manager that includes well known leasing personality, Tony Mallin, among its members, as well as 3i Infrastructure and an infrastructure fund owned by Morgan Stanley
More changes at top of Hitachi Capital
Leasing Life has learnt that Marie Dunkley, a former director at the equipment finance arm of GE Capital, is to join Hitachi Capital as its new sales director later this month
Lease volumes fall at Anglo Irish
free) Despite the leasing arm of Anglo Irish Bank escaping the large losses suffered by its parent, it still saw a marked reduction in the size of its portfolio last year. Its lease receivables totalled £131 million for the 15 months to December 31, compared with £189 million during the equivalent period the year before, according to figures published today.
Lombard to “significantly” increase SME lending
Alex Baldock, the managing director of Lombard, told Leasing Life: In terms of core SME businesses, we plan to lend significantly more this year than we did last year.
Editor’s Letter: Something rich and strange
The European leasing industry is experiencing a sea change, the scale of which it has never seen before. One only has to look at our article on page 5, which outlines the expansion plans of Europes largest leasing companies, for evidence of this. But the far bigger change, and one which will determine the size and shape of the European leasing industry for years, even decades, to come is lessors ever increasing focus on parent integration.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Exotic dreams
Coutts, Bank of America and a little-known trust company based in the Dutch Antilles have all recently launched businesses dedicated to financing assets for the rich and famous
Investec Asset Finance ripe for further growth following latest acquisitions
As well as being hungry for the right new acquisition, head of asset finance Mike Francishas also become a good friend of the UKs broker community It is hard not to be impressed by Mike Francis, the head of Investec Asset Finance (IAF).
Not much light at the end of the (poly) tunnel
Probe launched into alleged multiple financing scam linked to fruit company Once again the UK leasing industry has found itself to be the victim of an alleged multiple financing scam.
SG hires new risk manager
In a sign of renewed energy in the British leasing job market, David Watkins has been hired by SG Equipment Finance Ltd to fill a freshly created role at the UK lessor. A former senior credit analyst at Hitachi Capital, Watkins has been appointed risk manager at the Richmond-based company Watkins now reports to Gary Foster, the UK lessors senior risk manager, who in turn reports to Steve Symons, the lessors operations director.
Angel Trains maintains healthy profits
Its post-tax profits for the year to May 31 2009 totalled £75.8 million on revenue of £324.4 million, according to Companies House filings it made recently. The rosco, which was sold by Royal Bank of Scotland to a consortium advised by Babcock & Brown, appears not to have been adversely affected by the recession, with operating profits for the latest one year period totalling £138.5 million compared with £55.5 million for the five months to May 31 2008.