Trust is the most valuable commodity that a leader can marshal to the advantage of the business and ‘knowing when to let go’ is how managers show leadership, says Roy Royer of Somerset.
The pandemic has forced countless businesses to leave their employees alone and the business has not nosedived because of this and many businesses may have benefited from the leap of faith that employers have shown in their employees demonstrating that perhaps surveillance and monitoring of employees is not a trait of leadership, according to Roy Royer, the head of business development for Somerset Equipment Finance (UK), part of Somerset Capital Group.
Go deeper with GlobalData
Royer made the comments during a 30-minute interview with Lindsay Town, the CEO of IAA-Advisory, as part of a series of ‘fireside chats’ with UK leasing executives, to be streamed on 9 September at 1pm.
Royer also noted that the rise of the intermediary and the packager in the asset finance sector represents one of the biggest changes in his working life.
This change came about when the big UK asset finance players, mostly backed by the banks, began to dissolve their in-house brokerage operations and new business became increasing outsourced to external brokers from the late 70s, he says.
Royer also recalled unsavoury past events in his professional life, in the UK and Spain, that he clearly identified as racist or racially discriminatory. These events were covered by Leasing Life in a profile feature with Royer published in July 2020. See
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData‘I got into asset finance entirely by accident, just to prove my father wrong’
The pre-recorded chat is the seventh in a series of interviews that Lindsay Town has hosted this year sponsored by LTi Technology Solutions, a US-based global provider of in-the-cloud asset finance technology.
Robert Taylor, UK country manager for LTi Technology Solutions, said: “Although LTi is a sponsor of this event, we wanted to hand the interviewing to a seasoned industry professional, so we’re proud to say that Lindsay Town, with at least 45-years’ experience under his belt in various leadership roles, agreed to do this for us.
“We know he’ll generate good debate and get the best out of the captains of industry we’ve lined up in the weeks ahead.”
LTi Leasing Leaders Series
The ‘LTiConnections: Leasing Leader Series’ interviews are free to watch and will be followed by a live Q&A session with the interview guest and interviewer, alongside LTi’s Taylor.
Registration is required.
The next interview will feature Katrin Herrling, CEO and co-founder of Funding Xchange on 23 September at 1pm.
Taylor said: “Our series of talks have been structured to tackle the most pressing and current topics that our industry is facing today. The idea is to examine the key changes the industry has seen in the last year and to consider the challenges ahead.
“We want to appeal to new recruits in asset finance as well as explore the essence of being a leader in this industry,” said Taylor.
Click HERE to register for the Zoom Webinar.
Covid may have turned residual value on its head
