All articles by Lola Ayanbunmi
Lola Ayanbunmi
Aldermore hire boosts construction leasing arm
Aldermore Asset Finance has strengthened its construction equipment division with the appointed Steve Cooper as business development manager of construction. Cooper will bring 25 years of industry experience to his role in Stafford, where he will work with the specialist construction equipment team in Aldermore Banks leasing arm Reporting to head of construction Paul Rooney, Cooper will provide finance support to manufacturers, dealers and end-users of construction equipment and associated products.
Cassiopae software now supports Islamic finance
Leasing under Islamic finance is similar to conventional asset finance with the additional compliance to Sharia Law which dictates that financial institutions are not allowed to invest in prohibited activities, such as alcohol, gambling or pornography, and leases must be reviewed and approved by a Sharia Supervisory Board
International Leasing Conference to examine leasing development in Ukraine
The third Annual International Leasing Conference will be held on May 17, putting leasing development in Ukraine into the international spotlight. The event, hosted by the Ukrainian Union of Lessors (UUL), will be held at the Grand Admiral Club complex near Kyiv. According to the programme, attendees will be able to receive complete information about market conditions and trends in Ukraine and related markets, as well as establish new business contacts in the region.
Ward van den Dungen joins IAA-Advisory
Asset finance consultancy IAA-Advisory has welcomed captive and vendor finance specialist Ward van den Dungen to its board. The Netherlands-based finance executive has over 25 years of experience in the office equipment industry and has specialised in leasing and financial services for the last 12 years.
UK leasing business up 20% in key assets
Commercial vehicle finance, IT equipment and plant and machinery finance have all grown by over 20% in February 2012 year-on-year, according to new data by the Finance & Leasing Association (FLA). Volumes in car and business equipment finance have increased by 2% and 5% respectively in the same period
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UTB builds broker base for expansion drive
Commercial finance provider and NACFB patron United Trust Bank has announced growth intentions in Asset Finance, spearheaded by the recruitment of Former IBJ Leasing sales director Martin Nixon. While he joined UTB last July as senior manager for asset finance, he has spent the last eight months building a broker base for the lender, and now plans to lead an introducer-driven expansion drive for the department. Nixon, who left IBJ after owner the Industrial Bank of Japan closed the book to new business in 2010, brings specialist experience in wheeled and tracked assets to UTB, not to mention an extensive list of broker contacts.
Grenke reports 24.5% growth in new leasing business in Q1 2012
Independent leasing business Grenke Group has reported a 24.5% rise in new business for the first quarter of 2012. The total value of leased assets in the period was 238.9m. Around 40% of new lease applications were accepted and the average value per lease was 8,270, which falls in line with the groups focus on small-ticket.
New entry to UK broker market to fund green projects
A new asset finance broker has been launched in the UK to help fund businesses renewable energy projects.ReEnergise Finance, a division of Surrey-based consultancy ReEnergise Group aims to specialise in funding small-scale £75,000 to £5m green energy improvement programmes for companies that are not able to access funding from banks.
Roger Stone steps down as CEO of Close Asset Finance
Close Asset Finance CEO and co-founder Roger Stone retires today, passing the reins to colleague of 18 years Mike Randall. Stone, 64, says he is leaving at the top of his companys performance. The 25th birthday seems like a natural time to leave, and in my opinion Close Asset Finance has never been in better shape
United Trust Bank building broker base for asset finance growth drive
Commercial finance provider and NACFB patron United Trust Bank has announced growth intentions in Asset Finance, spearheaded by the recruitment of Former IBJ Leasing sales director Martin Nixon. While he joined UTB last July as senior manager for asset finance, he has spent the last eight months building a broker base for the lender, and now plans to lead an introducer-driven expansion drive for the department. Nixon, who left IBJ after owner the Industrial Bank of Japan closed the book to new business in (check), brings specialist experience in wheeled and tracked assets to UTB, not to mention an extensive list of broker contacts.