Global

CIT “smaller, safer” as profits recover

Fri, Jul, 30 2010

American CIT Group has posted a second quarter profit of $142.1m (€109m), marking the equipment finance giant’s second consecutive quarterly profit after emerging from bankruptcy at the end of last year.Free

Deutsche Leasing appoints Ostermann as new CEO

Thu, Jul, 29 2010

Germany’s largest lessor Deutsche Leasing has appointed Kai Ostermann as its new CEO from August 1. He replaces well-known leasing veteran Hans-Michael Heitmueller, who will retire with the expiration of his contract on July 31, after 11 years at the helm of the company.Free

New vice president at Key Equipment Finance

Wed, Jul, 21 2010

US-headquartered Key Equipment Finance (KEF) has promoted Ebony Pompey to vice president of North American origination operations.Free

NetSol signs agreement with Singers Healthcare

Tue, Jul, 20 2010

US-based IT solutions company NetSol Technologies has announced it has signed a LeaseSoft licence upgrade agreement with UK funder Singers Healthcare Finance Limited (SHFL). Free

Future of large infra-rail projects under threat

Thu, Jul, 1 2010

Further uncertainty in the UK rail market exists as the future of a number of major projects remains clouded, including the Intercity Express Programme (IEP), which was to replace the current fleet of Intercity 125s and 225s, as well as Crossrail and Thameslink – all of which potentially mean big business for lessors operating in the UK.

Non roscos making their mark in UK rail finance

Thu, Jul, 1 2010

For Close Leasing, which only recently entered the rail finance market, and at time of writing had not yet written any business, the aim is not to seek to be lead arrangers in train lease deals, but to become “sub-participants” in existing transactions.

Green light for growth

Thu, Jul, 1 2010

With economic hardship continuing to affect markets across Europe, the IT finance sector is enjoying markedly high volumes as customers turn away from outright purchase, say major captives like Dell, Cisco and HP. What’s more, there are concrete plans for growth among both independent and captive providers, as many seek to move out of their Western and Central European comfort zones and into newer markets such as Eastern Europe, Africa, Latin America, China and Japan.