Tarun Mistry’s newly established advisory practice, T. Mistry & Associates (t/a TMA), for the asset finance industry, is virtually unique in its wide diversity of specialisms.
These range from equipment leasing, motor finance, invoice & trade finance, rental and contract hire to commercial loans and mortgages.
Mistry told Asset Finance International that most aspects of the consumer and business lending industry are topics for expert advice from TMA including regulated and unregulated, secured and unsecured, prime, near-prime and sub-prime markets.
Mistry comes, of course, with an enviable career background in advisory services. Most recently he was a Partner and Head of Financial Services Corporate Finance at Grant Thornton, London, where he had overall responsibility for the firm’s financial services corporate finance practice with key expertise in the insurance broker, funds and lending sectors. He led a team which provided a broad range of advisory services around M&A advisory, due diligence (financial, operational and regulatory) and strategic advice.
A qualified chartered accountant, Mistry also gained valuable prior experience as an asset finance practitioner with Shell Capital, Mercedes-Benz Finance and Peugeot Citroen. His broad panel of Associates bring specific skill sets that TMA calls upon when appropriate, thereby offering a bespoke team for each assignment.
He explained: “At Grant Thornton our success was in engaging with clients through the value chain in the industry and not in focussing on any one sub-sector or stakeholders. We introduced a holistic approach whilst at the same time bringing real industry experience to our client base.”
“At TMA our broad knowledge of the finance sector and its stakeholders serves to provide a unique view of the market which I believe is fundamental to providing value-added services.”
Since formation earlier last year TMA has successfully steered clients through some £100 million of equity transactions, £250 million in debt transactions and US$100 million in trade finance transactions.
However, despite this most encouraging start, Mistry is not the type of industry adviser who offers theoretical advice in a detached manner. He remains extremely hands-on and approachable. “We are fully aware,” he said, “that our industry and advisory background combined with a holistic approach to the industry differentiates us in the market and is the basis of our value added services.”
Mistry’s personable and friendly approach to his clients, existing and prospective, is a refreshing and welcome addition to the asset finance industry at this time as it tackles ever more challenging times ahead.