The US and Canada both have strong bases for lending growth

dodds jonathanWhen considering the equipment finance and leasing markets in North America it is tempting to concentrate solely on the US – it is, after all, the dominant global economy and the size of its leasing market is by some way the world’s largest. As can be seen below, the US market continues to lead the way out of recession. Confidence levels among US executives are at their highest for four years and business volumes have maintained their year-on-year upward momentum. However, the asset finance and leasing market in Canada cannot simply be viewed through the same lens as the US. Although, like the overall economy, it is very closely linked with that of the US and naturally suffered a decline following the financial crisis, this was not as serious as in many markets and the figures below show it recovered strongly.

John Lindsay’s new company aims to fill industry experience gap

As the global asset and automotive finance sectors resume their solid growth patterns in the post-recessionary environment there is growing evidence that lack of experience is presenting challenges to new entrants and those seeking to expand into new areas. As a consequence, John Lindsay, formerly head of asset management at Investec Asset Finance, has formed JLSR Ltd to provide an international advisory, consultancy and management service to the asset finance, leasing, automotive and transport sectors.

 
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John Lindsay’s new company aims to fill industry experience gap

Apr 14, 2015

As the global asset and automotive finance sectors resume their solid growth patterns in the post-recessionary environment there is growing evidence that lack of experience is presenting challenges to new entrants and those seeking to expand into new areas. As a consequence, John Lindsay, formerly head of asset management at Investec Asset Finance, has formed JLSR Ltd to provide an international advisory, consultancy and management service to the asset finance, leasing, automotive and transport sectors.


Customers keen to embrace fingerprint recognition for online banking security

Fingerprint recognition looks set to become consumers’ preferred way to verify their identity when accessing financial accounts online. In recent research, 31% of respondents said that fingerprint recognition would be their favoured security method when logging into financial accounts via the web, just 1% behind the traditional method of using passwords.

 
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Customers keen to embrace fingerprint recognition for online banking security

Apr 14, 2015

Fingerprint recognition looks set to become consumers’ preferred way to verify their identity when accessing financial accounts online. In recent research, 31% of respondents said that fingerprint recognition would be their favoured security method when logging into financial accounts via the web, just 1% behind the traditional method of using passwords.

Asset Finance treads water in Australia and Asia-Pacific

  Australia and Asia-Pacific asset finance business volumes    Over the last year or two, Asia-Pacific economies have been affected by the global downturn as much as any region and the asset finance and leasing markets have not been immune to the headwinds. The Chinese juggernaut has slowed, which has had a particular knock-on effect on some neighbouring markets such as Australia, but it should be noted that, as well as China, the first five countries surveyed here are in the top 15 countries ranked by nominal GDP.  

 
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Asset Finance treads water in Australia and Asia-Pacific

Mar 25, 2015

  Australia and Asia-Pacific asset finance business volumes    Over the last year or two, Asia-Pacific economies have been affected by the global downturn as much as any region and the asset finance and leasing markets have not been immune to the headwinds. The Chinese juggernaut has slowed, which has had a particular knock-on effect on some neighbouring markets such as Australia, but it should be noted that, as well as China, the first five countries surveyed here are in the top 15 countries ranked by nominal GDP.  

US businesses poised to increase their credit demand as aircraft, trucks & materials handling lead the way

Equipment and software investment in the US was subdued in the fourth quarter of 2014, slowing from 10.5% in Q3 to just 1.6% in Q4. Growth for all of 2014, however, was still a solid 5.8%, and even with a slightly slower expected pace of growth in 2015. However, investment in equipment and software is forecast to grow 5% in 2015 – led by the aircraft, trucks and materials handling sectors.

 
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US businesses poised to increase their credit demand as aircraft, trucks & materials handling lead the way

Apr 13, 2015

Equipment and software investment in the US was subdued in the fourth quarter of 2014, slowing from 10.5% in Q3 to just 1.6% in Q4. Growth for all of 2014, however, was still a solid 5.8%, and even with a slightly slower expected pace of growth in 2015. However, investment in equipment and software is forecast to grow 5% in 2015 – led by the aircraft, trucks and materials handling sectors.

Most of GE Capital’s assets to be sold “within next 24 months”

GE aims to create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial businesses. GE and its board of directors have determined that market conditions are favorable to pursue disposition of most GE Capital assets over the next 24 months except the financing “verticals” that relate to GE’s industrial businesses.

 
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Most of GE Capital’s assets to be sold “within next 24 months”

Apr 11, 2015

GE aims to create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial businesses. GE and its board of directors have determined that market conditions are favorable to pursue disposition of most GE Capital assets over the next 24 months except the financing “verticals” that relate to GE’s industrial businesses.

More moves at Lombard as Ian Cowie is promoted to head of asset finance

Ian Cowie has been appointed managing director, Lombard Asset Finance and RBS Invoice Finance amidst a raft of new appointments. He moves from his previous position of chairman of SME banking at RBS/NatWest and prior to that he held the position of CEO commercial banking at RBS from 2008 to 2014.

 
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More moves at Lombard as Ian Cowie is promoted to head of asset finance

Apr 09, 2015

Ian Cowie has been appointed managing director, Lombard Asset Finance and RBS Invoice Finance amidst a raft of new appointments. He moves from his previous position of chairman of SME banking at RBS/NatWest and prior to that he held the position of CEO commercial banking at RBS from 2008 to 2014.

New promotions at Leaseurope

Jurgita Bucyte and Hayley McEwen have been promoted to the positions of senior adviser in statistics and economic affairs respectively with immediate effect. Bucyte (pictured above) originally joined the federation as adviser in statistics in 2009 and McEwen (pictured below) as adviser in economic affairs in 2011. They both bring a wealth of experience to their new role and will report to the director general.

 
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New promotions at Leaseurope

Apr 07, 2015

Jurgita Bucyte and Hayley McEwen have been promoted to the positions of senior adviser in statistics and economic affairs respectively with immediate effect. Bucyte (pictured above) originally joined the federation as adviser in statistics in 2009 and McEwen (pictured below) as adviser in economic affairs in 2011. They both bring a wealth of experience to their new role and will report to the director general.

UK asset finance market growth shows no signs of abating

United Kingdom asset finance business volumes - January 2015   The healthy growth rate enjoyed by the UK asset finance sector through 2014 looks likely to continue in 2015, according to new figures released by the Finance and Leasing Association (FLA). The latest FLA figures show growth in asset finance new business volumes (NBV) (primarily leasing and hire purchase) totalled £1.9 billion in January 2015, an impressive increase of 13% compared with the same month in 2014. Total new business was up by the same rate in the 12 months to January 2015 to total £25.6 billion.  

 
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UK asset finance market growth shows no signs of abating

Mar 25, 2015

United Kingdom asset finance business volumes - January 2015   The healthy growth rate enjoyed by the UK asset finance sector through 2014 looks likely to continue in 2015, according to new figures released by the Finance and Leasing Association (FLA). The latest FLA figures show growth in asset finance new business volumes (NBV) (primarily leasing and hire purchase) totalled £1.9 billion in January 2015, an impressive increase of 13% compared with the same month in 2014. Total new business was up by the same rate in the 12 months to January 2015 to total £25.6 billion.  

Hitachi Capital’s new stock financing product set to boost agricultural business

No asset finance product has made more advances in recent times, in terms of innovation, than stocking finance. As a result Hitachi Capital, having completed a series of trials, is now seeking to expand its new stocking finance product to both manufacturers and dealers of agricultural equipment.

 
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Hitachi Capital’s new stock financing product set to boost agricultural business

Apr 07, 2015

No asset finance product has made more advances in recent times, in terms of innovation, than stocking finance. As a result Hitachi Capital, having completed a series of trials, is now seeking to expand its new stocking finance product to both manufacturers and dealers of agricultural equipment.

 
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