News
New chairman for FLA asset finance division
George Lynn, Chief Financial Officer at Angel Trains, is the chairman-elect of the Finance and Leasing Association’s asset finance division, it was announced today.
Mr Lynn takes over the chairmanship from Richard Priestman, who has been chairman of the asset finance division since 2007.
As well as Mr Lynn, the asset finance division appointed Gordon Ferguson, Director and Head of HP & Leasing at Lloyds TSB Commercial Finance as Deputy Chairman-elect and George Ashworth, Head of Asset Finance at Aldermore, as Vice-Chairman-elect of the division.
All three appointments will come into force on 21 June.
Mr Lynn commented:
“Having worked across all areas of the asset finance industry, I am keen to promote the benefits of leasing and asset finance as a means to acquire and operate assets both for the private and, increasingly, the public sector.
“I would like to take the opportunity to thank Richard for his hard work for the division over the past three years. I hope to build on his achievements in my time as chairman.”
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Note to editors:
- Prior to joining Angel Trains in 1994, Mr Lynn was group finance director for Union Plc and previously held senior positions in Barclays Mercantile Highland Leasing and Deloitte Haskins & Sells. He has been involved in the FLA, and its predecessor the Equipment Leasing Association, since 1983.
- Mr Ferguson started his asset finance career at North West Securities Ltd and then helped to create what ultimately became Bank of Scotland Asset Finance. In 2008 he became head of lending products for Bank of Scotland’s commercial bank.
- Mr Ashworth previously worked for Barclays Mercantile, RBS Group (Lombard) and with Fortis Lease Group from where he joined Aldermore Bank plc in 2009.
- In 2009 FLA members provided £72.5 billion of new finance to UK businesses and households. Almost £19.5 billion of investment finance was provided to businesses and the public sector, representing around a quarter of all fixed capital investment in the UK last year. £53 billion was in the form of consumer credit, including a third of all unsecured lending in the UK. And £16.5 billion supported the purchase of half of new car registrations in the UK.
For further media information, please contact:
Russell Hamblin-Boone, FLA
T: 020 7420 9656 E: russell.hamblin-boone@fla.org.uk M: 07810 374110
Helen Saxon, FLA
T: 020 7420 9664 E: helen.saxon@fla.org.uk M: 07918 766 993