Fortis Lease UK, part of the Fortis banking group, has
established Fortis Vehicle Finance, one of four divisions within
the lessor’s UK operations.
This new business includes the company’s vehicle finance-related
activities, including retail motor point-of-sale finance, dealer
vehicle stocking finance and fleet funding.
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Jon Sutton manages this enlarged business unit, which represents
59 per cent of Fortis Lease’s overall business.
Paul Burgess, chief executive of Fortis Lease UK, said the
company is “heavily weighted towards vehicle finance” and that he
planned to “balance that growth [of vehicle finance] with other
long-term asset-based lending”.
Fortis Lease UK also recently developed its own point-of-sale
system to improve the speed and turnaround of its indirect
transactions. It is about to take substantial new office space in
Glasgow’s International Financial Services District and will
relocate there in quarter three 2008.
Motor Finance Issue: 43 – May 08
Published for the web: May 27 08 10:2
Last Updated: May 27 08 10:2
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