A new trade association, The Forum of Manufacturer’s Sales
Finance Companies (The Captives Forum), has launched.

Based in the UK, the Europe-wide association aims to bring
together the finance subsidiaries of the world’s major
manufacturing companies.

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According to the not-for-profit association, its mission is “to
provide a service to the captive sales financing subsidiaries and
divisions of equipment manufacturing companies by helping to
establish a favourable operating environment”.

Thus far, the body already comprises major captives such as MAN
Financial Services, Xerox Global Leasing and Pitney Bowes. The
day-to-day management will be looked after by The Alta Group and
International Advisory Associates, while the association’s
executive committee will be chaired by Elliot Lennick, MD of MAN
Financial Services.

Jason T Hesse

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