Asset Finance into Germany
Following the success of the Asset Finance business in the UK, Close Brothers is looking to expand into Germany.
Subject to regulatory approval, expected in 2017, we will be opening offices in Mainz, Germany and will be offering asset finance to German SMEs in the Print, Manufacturing and Construction industries.
We are committed to supporting German SMEs that are looking to invest in business growth. Whether the requirement is to purchase new equipment or refinance existing assets, asset finance is perfect for businesses looking for the flexibility to grow the way they want to.
Part of Close Brothers Group plc
Close Brothers Group plc was established in 1878 and now employs 2,800 people, principally in the UK. The group is listed on the London Stock Exchange and is a member of the FTSE 250.
Close Brothers Asset Finance is a division of Close Brothers and offers a range of flexible funding options including Hire Purchase, Leasing and Refinancing. Our specialists work with businesses to provide finance solutions that fit the individual requirements of the sectors in which we operate, whether it is a sole trader or a large-scale operator in the industry.
In expanding the business into Germany, Asset Finance will join sister company Close Brothers Factoring, which has been operating in Mainz since 2003.
What is asset finance?
Asset finance is a sustainable form of funding that can enable a business to purchase or refinance capital equipment such as print machinery or construction and plant, spreading the cost over an agreed period of time.
Asset finance is ideal for SMEs that are looking to invest in business growth. Whether you need to purchase new equipment or refinance existing assets, this form of funding is perfect for businesses looking for the flexibility to grow the way they want to.
We believe in German Mittelstand
For Germany enquiries contact Michael Vander on:
+49 6131 600 5881
Michael Vander is one of the Managing Directors for Close Brothers Asset Finance Germany. The company is preparing to launch it’s German operations in early 2016, headquartered in Mainz and covering the whole of Germany.
Michael is a highly experienced executive within the German leasing market and was previously a Financial Services Consultant, giving advise to lessors and manufacturers on vendor leasing, and also managing project leases. He has also served as CEO of Heller Global Vendor Finance Germany and Austria and managed Dell Financial Services sales activities (a virtual joint venture with CIT Group) for EMEA.
Michael has been working in leasing and asset finance for more than 20 years and has experience in sales, sales management, business development, general management both nationally and internationally.
Michael, being a Fellow at The Leasing Foundation, joined Close Brothers Asset Finance (CBAF) in April 2015 and leads the foundation and formation as well as company’s growth activities in Germany.
For UK enquiries contact David Bunker on:
+44 1730 812697
David Bunker is the Assistant Managing Director of Close Brothers Asset Finance Print Division and is also the UK Managing Director Designate of Close Brothers Asset Finance Germany, working closely with Michael Vander.
His day to day role involves being part of the leadership team at Sidcup, servicing his own clients and leading a sales team.
David had previously been the Business Development Director within Close Brothers Asset Finance since 2007 and has worked for the bank since 1993, mainly in the print finance division. Prior to this he had experience in Close Investment Management.
More recently he gained his MBA (with distinction) from Henley Business School.
UK customer case studies
"Close Brothers took a completely different approach, it was refreshing. They were willing to take a good look at all aspects of the business and immediately understood the position we were in and what we hoped to achieve."
Metal Co Ltd
"Close Brothers Asset Finance have a fantastic understanding of our industry and our products, they’ve become much more than just a finance provider to us."
MPC Print Group
Close Brothers Asset Finance GmbH do hope to launch a second recruitment campaign early next year and encourage you to follow us on LinkedIn and Xing to see our latest updates.
BAFin is the regulatory authority responsible for financial services providers as defined in section 1 paragraph 1a sentence 2 No. 10 German banking act (KWG).
Bundesanstalt für Finanzdienstleistungsaufsicht (BAFin)
Graurheindorfer Straße 108
1. Content - The author reserves the right not to be responsible for the topicality, correctness, completeness or quality of the information provided. Liability claims regarding damage caused by the use of any information provided, including any kind of information which is incomplete or incorrect,will therefore be rejected. All offers are not-binding and without obligation. Parts of the pages or the complete publication including all offers and information might be extended, changed or partly or completely deleted by the author without separate announcement
2. Referrals and links -The author is not responsible for any contents linked or referred to from his pages - unless he has full knowledge of illegal contents and would be able to prevent the visitors of his site fromviewing those pages. If any damage occurs by the use of information presented there, only the author of the respective pages might be liable, not the one who has linked to these pages. Furthermore the author is not liable for any postings or messages published by users of discussion boards, guestbooks or mailinglists provided on his page.
3. Copyright -The author intended not to use any copyrighted material for the publication or, if not possible, to indicate the copyright of the respective object. The copyright for any material created by the author is reserved. Any duplication or use of objects such as images, diagrams, sounds or texts in other electronic or printed publications is not permitted without the author's agreement.
5. Legal validity of this disclaimer - This disclaimer is to be regarded as part of the internet publication which you were referred from. If sections or individual terms of this statement are not legal or correct, the content or validity of the other parts remain uninfluenced by this fact.