All articles by Elza Holmstedt-Pell
Elza Holmstedt-Pell
Moore gets new development manager and website
UK office equipment leasing company Moore Finance has recruited a new business development manager and will revamp its website to further boost its expanding business. Cheshire-based Moore Finance grew 40% last year in terms of revenue and expects 60% growth this year, landing on a £3m (3.4m) turnover. The new business manager Michael Lever joins from Lloyds TSB, where he worked as regional franchise manager for Manchester and Cheshire.
Slower growth for Credit Agricole leasing
Credit Agricoles half year results show slower growth in the value of loans for its leasing and factoring arm than last year The leasing divsion of Credit Agricole Leasing & Factoring (CAL&F) was particularly affected by the difficult business climate said the French banking group in a statement Leasing grew by 7.7% or 1.4bn, in terms of value of loans, compared to a growth of 11 % or 1.8bn last year
Aldermore gets Carter as head of wholesale
Aldermore, the two-year-old UK bank, has appointed Alan Carter as head of wholesale finance within its asset finance division Based in Reading, Carter will head a team responsible for providing funding to SMEs via third parties in the form of block discounting and also via agency and assignment lending products With more than 20 years experience in asset finance, he joins Aldermore from BNP Paribas Fortis where he was director of structured asset finance
SGEF Czech Republic grows year-on-year
Societe Generale Equipment Finance Czech Republic (SGEF) has reported year-on-year growth of CZK0.9bn (36.9m) in new business volume for the period ending 30 June 2011 The European bank said in a press statement that the value of its new business volume has gone from CZK1.9bn (71.8m) in 2010 to CZK2.8bn (115m) now The sector that has particularly grown is the truck and trailer financing segment, which according to the press statement is related to the recovery in the truck transport market
Denmark’s Spar Nord Bank to sell leasing unit
Spar Nord Bank, Denmarks fourth largest listed bank, is planning to sell its leasing unit Finans Nord in order to repay government debt The move will increase liquidity by about DKK 7bn (940m), which is roughly what Spar Nord Bank needs to pay the Danish government during 2012 and 2013. By selling its leasing activities the bank willremove the need to obtain funding for leasing activities, Spar Nord Bank said in a press statement.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Kia Motors appoints Dunsdon to UK fleet team
The Korean car manufacturer Kia Motors has appointed Andy Dundson as national rental and leasing manager, a newly created role to boost its presence in the UK fleet market. Dundson moves into the role after a three year position as regional business sales manager in the Kia Fleet department and more than 12 years experience with fleets at General Motors Saab. Dundson said: Im excited to take on the challenge of expanding our partnerships with major rental and leasing partners and developing even stronger ties with our existing clients.
epyx adds auctions tool to fleet disposal network
UK e-commerce company epyx has added a new tool to its 1link fleet disposal network that suggests the best motor auction for fleet managers to dispose of their cars and vans The West Midlands-based companys newly launched Auction Allocation tool recommends a website from the independent motor auctions registered with the platform
IDS appoints Emerick as CFO
International Decision Systems (IDS), provider of asset finance software, has appointed John Emerick as chief financial officer Emerick joins the Minneapolis-based company from student loan provider NorthStar Capital Markets Services, where he worked as CFO and COO He has 25 years of financial leadership experience within software, technology and leasing markets and has also worked for CIT Group and PNC Bank.
Ukraine sees growth in new business volume
The Ukrainian leasing market is rapidly recovering from a period where the country saw the biggest decline of new business in Europe during the recession