LCM Partners has appointed Greame Laing as it’s new Head of Asset Finance Origination.
Laing brings a deep product understanding and an extensive asset finance network, having worked in the credit and banking sector for over 22 years for companies such as CSA Financial, Bank of London and The Middle East and CIT Group. Laing’s appointment comes at an opportune time for LCM – the firm recently closed its €2 billion LCM Partners Credit Opportunities III strategy and sees plenty of opportunity for making further investments in the asset finance and leasing space. Figures from the FLA for Q4 2016 reveal the asset finance sector continues to grow strongly in the UK, with new business volumes having experienced 37 consecutive months of increase in a total market worth over £30 billion.
In 2016, LCM made a substantial investment in the asset finance area, setting up Victoria Asset Finance (VAF) which acquired a €400m portfolio from a European originator exiting the UK.
Based in LCM’s London headquarters Laing will work to further leverage the VAF acquisition by sourcing asset finance investment and new origination opportunities for LCM and its funds.
Selina Burdell, COO of LCM Partners said “We are delighted to have someone of Graeme’s calibre on board as we continue to explore and invest in asset finance portfolios in a market that has shown substantial growth and opportunity. I am excited about the possibilities that lie ahead for the Group in this area and look forward to working with Graeme as we build out our Asset Finance presence not just in the UK, but across Europe.”