ABN AMRO Lease and ABN AMRO Commercial Finance have merged to form ABN AMRO Asset Based Finance.
The move recognises that lease and commercial finance solutions are both asset based, with the client offering collateral for financing.
Miranda Stokkingreef, ABN AMRO Asset Based Finance director, said: “In practice, we are seeing more and more clients combine regular financing with asset-based financing.
“Bringing our asset-based financing solutions under one umbrella will improve the services we provide to our clients."
Both businesses will continue to use their trading names.
ABN AMRO Asset Based Finance focuses on corporate financing, operational asset leasing, stock and receivables financing and credit management.
It has 750 employees, with activities in Belgium, France, Germany, the Netherlands and the UK.
The UK branch is led by Richard de Keijzer, previously managing director of ABN Amro Commercial Finance and, prior to that, ABN AMRO Lease.
De Keijzer said: “By formalising the partnership of our experienced asset based finance professionals across commercial finance and lease, we hope to create increased opportunities to UK businesses as we continue to develop our cross border and multi-local funding solutions.”
The combined UK entity will have a portfolio of approximately £1.4bn, with almost 1,000 clients and 200 employees.
