Alleasing launches new intermediary division

September 22, 2016

Independent asset finance and capital solutions provider, Alleasing, has launched an intermediary division, which will allow brokers to offer bespoke funding solutions to their clients.

The new division will operate across Australia and New Zealand, supporting businesses to acquire critical assets that are typically rejected by other lenders due to their limited secondary market value. The division is also able to finance a range of existing assets that are new or part-way through their projected lifecycle, as well as large ticket transactions that traditional funders do not have appetite for.

Alleasing has been successfully providing operating lease and rental solutions to its clients since the company’s inception more than 25 years ago and will now extend its reach to the broker market.

The new division will be led David Onto, who has moved to Sydney for the role following a decade spent in the UK as Head of Greater London for Barclays Corporate. Mr Onto will be supported by a team of experienced business development managers, including key hire Nicholas Oates, who this week joins the company from Macquarie Group.

According to Alleasing’s Chief Executive Officer, Daniel Blizzard, launching the intermediary division is an exciting evolution.

“Over the past 12 months we’ve identified significant untapped opportunity to provide innovative and flexible capital products to brokers, allowing their clients to unlock capital and grow their business.

“Both David and Nick have an exceptional track record of establishing strong relationships within the intermediary and broker space, and I look forward to watching our new channel grow over the coming months,” Mr Blizzard added.

According to Mr Onto, brokers and their clients will appreciate the depth of experience of Alleasing’s team and their ability to develop solutions that allow senior debt to remain intact and equity undiluted.

“Alleasing is an established funder with a unique approach, and its rich asset knowledge is well known in the industry. The company has a long history of supporting customers that traditional funders cannot or will not finance. Given the well-documented tightening of bank lending in Australia, we believe there is a growing need for our solutions and we look forward to supporting businesses with their needs,” said Mr Onto.

To find out more about the Alleasing Intermediary Sales proposition, visit http://www.alleasing.com.au/our-solutions/#broker-services or call 1300 132 214.

ENDS


For more information, contact:

Anna Frilingos

+61 2 9850 5108 | +61 409 599 911 | anna.frilingos@alleasing.com.au

About Alleasing

Alleasing is a leading, independent provider of capital solutions. Established more than 25 years ago, we have financed billions of dollars’ worth of assets, supporting the capital needs of government entitles and corporations across Australia and New Zealand.

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