Brokers

Update - Shire auditor resigns as tough year closes

Thu, Mar, 11 2010

(Free) Shire Leasing has seen the gross value of its business drop by almost 20 percent year-on-year, according to its financial statement for the year to March 31 2009.

ING Lease to focus on UK broker model in Germany

Mon, Mar, 1 2010

ING Lease Holding has big plans to support its parent group, including the prospect of expanding its German business along the lines of ING Lease UK’s broker-fed model. CEO John Howland-Jackson, who last month said asset finance had emerged as “very much a core product offering”, described the creation of an intermediary-led business in Germany as a “huge opportunity”.

Survival of the fittest

Mon, Mar, 1 2010

Recent recruitment drives and growth plans at UK brokerages have been an encouraging sign for the intermediary sector, made more so by the number of senior leasing executives showing up in new hires.

Investec acquires Universal and Leasedirect

Mon, Mar, 1 2010

(Free) Investec Asset Finance has expanded its presence in the UK broker market dramatically, acquiring the lease portfolio of Universal Leasing, as well as a majority stake in introducer Leasedirect Finance (LDF).

NACFB announces new funders

Thu, Feb, 25 2010

(Free) The National Association of Commercial Finance Brokers (NACFB), has announced three new Patrons – First Merchant Finance, Bank of Cyprus and Helping Hands Asset Management – prepared to fund meals for its members.

New hires at Associated Commercial Finance

Wed, Feb, 10 2010

(Free) After news of hires at several prominent lease brokers in recent months, Cheltenham-based Associated Commercial Finance (ACF) is the latest to take on new senior staff.

BoS confirms end of leasing business in Ireland

Wed, Feb, 10 2010

(Free) Bank of Scotland has confirmed it is to shut down its asset finance activities in Ireland, despite recently announcing a focus on commercial lending, citing poor returns on intermediary business as the reason.

New means of survival for brokers

Mon, Feb, 1 2010

Broker trade body the National Association of Commercial Finance Brokers (NACFB) has announced the launch of a new member services initiative, intended to provide its members with more ways to sustain themselves while funders remain thin on the ground.

Brokers left in cold as axe falls on secondary rental income

Mon, Feb, 1 2010

Latest move by Siemens Financial Services reminiscent of Haydock Finance. An arm of Siemens Financial Services (SFS) UK has broken with the long-standing tradition of selling assets to brokers once they have come off lease, Leasing Life has learned.