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Investec appoints Ingram to asset finance and leasing role
Investec Bank (Australia) has appointed Matt Ingram as the company's new head of asset finance and leasing.
Ingram will be tasked with creating an innovative offering in a market that has very little diversification and is dominated by the major banks, according to Investec Capital Markets head Milton Samios.
"Limited innovation has taken place in the industry and the breadth of asset classes being leased is very restrictive," Samios said.
Investec's previous expertise in asset leasing include deals with medical and dental companies through Investec Professional Finance, along with the Investec Global Aircraft Fund.
"It makes a significant difference to a company's profitability if it can get leasing services that match its business operations, and leasing products that match the lifespan of its equipment," Ingram said.
Banks need to have an understanding of the value of the asset being leased - something that Ingram felt was missing from the current offerings in the market.
"There is an enormous opportunity for a specialist bank like Investec to deliver all segments of the leasing market something they have never seen before," he said.
Ingram has 20 years experience in the asset finance and leasing industries in Australia and Europe. His previous position was group executive of Alleasing across Australia and New Zealand.
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