UK asset finance outsourcing firm Virtual Lease Services (VLS) has named Louise Ikonomides as managing director.

Ikonomides was a founding shareholder of VLS in 1999, and has since held a number of positions within the company, including regional manager in Liverpool and was involved in opening a North West satellite office.

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The company is owned by NetSol Technologies and Investec following a joint acquisition in 2011.

As managing director, Ikonomides will be responsible for VLS’ expansion efforts, with a focus on business process outsourcing, standby servicing to the securitisation markets and management of rental programmes.

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