Hampshire Trust Bank appoints Paul Bartley as managing director of asset finance division

Hampshire Trust Bank has appointed Paul Bartley as managing director of its asset finance division, Specialist Business Finance. Bartley was a founder director and shareholder of Close Leasing between 2007 and 2017 and more recently founded and built a disruptive digital platform in the retail car sales and finance market, FairSquare.com. His appointment is effective immediately and he will join the bank’s executive committee, reporting directly to chief executive officer Matthew Wyles.

Hampshire Trust Bank appoints Paul Bartley as managing director of asset finance division

May 14, 2019

Hampshire Trust Bank has appointed Paul Bartley as managing director of its asset finance division, Specialist Business Finance. Bartley was a founder director and shareholder of Close Leasing between 2007 and 2017 and more recently founded and built a disruptive digital platform in the retail car sales and finance market, FairSquare.com. His appointment is effective immediately and he will join the bank’s executive committee, reporting directly to chief executive officer Matthew Wyles.

Why connectivity is king

Amazon CEO Jeff Bezos realised that connectivity is king almost two decades ago and is now head of one of the world’s most valuable corporations. A now-famous email from the Amazon CEO to all staff back in 2002 ordered all applications to be designed so that they could be connected to other applications. The price of not doing so? Their job. Here are some key extracts from the email:

Why connectivity is king

May 14, 2019

Amazon CEO Jeff Bezos realised that connectivity is king almost two decades ago and is now head of one of the world’s most valuable corporations. A now-famous email from the Amazon CEO to all staff back in 2002 ordered all applications to be designed so that they could be connected to other applications. The price of not doing so? Their job. Here are some key extracts from the email:

VW Financial Services UK appoints Jean Smith as chief financial officer

VW Financial Services UK has appointed Jean Smith as chief financial officer for the UK. She takes the role after four years in a number of international roles, including joint managing director of VW Pon Financial Services in the Netherlands. She was previously the head of international controlling Europe for VWFS in Germany and has worked in both the captive and non-captive financial services for more than 30 years.

VW Financial Services UK appoints Jean Smith as chief financial officer

May 10, 2019

VW Financial Services UK has appointed Jean Smith as chief financial officer for the UK. She takes the role after four years in a number of international roles, including joint managing director of VW Pon Financial Services in the Netherlands. She was previously the head of international controlling Europe for VWFS in Germany and has worked in both the captive and non-captive financial services for more than 30 years.

Thought Leaders

Beyond the FCA report: rules of engagement

May 07, 2019

There is no denying it is a very interesting time to be involved in the automotive F&I marketplace. Through regular contact with UK lenders, dealers and brokers to discuss the impact of the Financial Conduct Authority’s review into the motor finance sector, it is clear there is a great deal of internal discussion as how best to respond to the FCA’s report findings. Change is coming. However, a consensus on exactly what the revolution will look like, is yet to emerge. Clearly, those lenders currently operating with conventional DiC and Reducing DiC commission models will need to adopt a new approach. They must also work with dealers and brokers to ensure that customers are provided with adequate and timely explanations.

Appointments

Carl D’Ammassa to depart Aldermore and join White Oak UK as CEO

May 01, 2019

Aldermore, the specialist bank, has announced that Carl D’Ammassa, its group managing director for business finance, will leave the bank after five and a half years to become the new chief executive officer of White Oak UK. D’Ammassa joined Aldermore in October 2013, having previously held the position of managing director of Hitachi Capital Business Finance. He joined the Aldermore executive team in 2015 to lead the bank’s business finance operation and built a team that played a key role in the brand’s recent success. His senior management role included being part of the team that successfully steered Aldermore through its acquisition by First Rand Group in 2018.

Leasing Professionals

Book Review: A-Z of Leasing and Asset Finance - the 'what’s what of leasing' launches second edition

Apr 30, 2019

Industry expert Julian Rose has revised and updated the A to Z of Leasing and Asset Finance, following on from the launch edition, which sold more than 650 copies when it was published in 2017. The second edition includes around 50 additional terms and definitions of over 100 existing terms have been expanded or updated. Examples of new terms that Julian has included are: business debtline (free online debt advice for the self-employed and small businesses), fintech (technological innovation in the financial services sector), standby operator (when a lessor sells a portfolio of receivables but continues to manage the agreements on behalf of the buyer), and substitutability (under IFRS 16 where a lease allows the lessor to routinely change assets during the agreement for commercial reasons).