In the year to 31 July 2017 Close Brothers Asset Finance (CBAF) recorded a loan book of just over £2 billion. It was the year that Neil Davies moved from his existing position as head of the company’s leasing and rentals division and was appointed chief executive of CBAF.
Davies told Asset Finance International: “In fairness I took over a very successful business that consisted of a wide variety of thriving niche asset lending teams. What I did bring immediately was a different leadership style, made some small changes to the management team and appointed some new heads of business – nearly all from within the business.”