BNP Paribas Leasing Solutions announced the appointment of Neil Pein as its new Chief Executive Officer, effective March 18, 2024. Pein succeeds Isabelle Loc, who has been promoted to Head of Commercial & Personal Banking in France and will join the BNP Paribas Executive Committee.
Pein, previously Head of Payments for BNP Paribas, brings extensive experience within the Group to his new role. He will report to Thierry Laborde, Chief Operating Officer of BNP Paribas and Head of Commercial, Personal Banking & Services (CPBS).
“With his extensive experience in the Group, Neil has all the qualities needed to support the development of Leasing Solutions, a business in which he knows the challenges and the teams. I’m sure that Neil will be able to take up the torch from Isabelle, who has successfully led the transformation of this business at the heart of the real economy,” said Thierry Laborde.
Neil Pein, 42, had held the position of Head of Payments for BNP Paribas since 2021, where he played a pivotal role in the business’s transformation. He rejoined the Group in 2018 and was instrumental in the creation of Axepta BNP Paribas, a business line serving retailers. Additionally, he spearheaded the development of “New Digital Business,” a unit that unites payment-related Fintechs within the Group, including Nickel, Floa, and Lyf.
Prior to BNP Paribas, Pein began his career in financial markets with Goldman Sachs. He joined BNP Paribas in 2007 as an equity derivatives trader before transitioning to the Group’s Financial Management department from 2013 to 2016. During this period, he focused on acquisitions, divestments, and capital optimization initiatives. In 2016, he was appointed Sales Director at BNP Paribas Leasing Solutions for technology equipment leasing in France.
Neil Pein holds a Master of Science degree from New York University and is a graduate of Ecole Polytechnique.
Komatsu Group, a world leading manufacturer of construction, mining & utility equipment, and BNP Paribas Leasing Solutions, European leader in professional equipment finance, have decided to extend their Cooperation Agreement to the Nordic region.
The Agreement was first launched in 2018 in France, Germany, Italy, and then in Belgium and the Netherlands. As part of the extension, it was launched in Sweden in mid-October before being extended to Norway and Denmark in the years to come. It will allow Komatsu Group to support their clients’ growth and development in this high potential region through finance solutions for their equipment needs.
Arnault Leglaye, CEO of BNP Paribas Leasing Solutions in the Nordics said, “I’m very happy to see Komatsu Finance and BNP Paribas Leasing Solutions join forces to offer innovative and competitive finance solutions to Komatsu’s clients. The fact that this long-term partnership is now extending to the Nordics is only proof of our close collaboration. We are confident of the market potential and our synergies to make it a success.”
Johan Appelros, Sales manager for Komatsu Finance in the Nordic region said, “This is a long-term investment with the goal to offer Komatsu’s Nordic customers with sustainable and favorable investment terms. BNP Paribas Leasing Solutions is the perfect partner for us as we now establish in this region.”
BNP Paribas Leasing Solutions claims European Lessor of the Year and Best Energy Transition Financing Program of the Year awards at the Leasing Life Conference & Awards 2022. In a ceremony hosted on 15 November 2022 at the George V hotel in Paris, Leasing Life, Europe’s leading asset finance journal, recognized the efforts and successes of the industry’s main players.
Against tough competition, BNP Paribas Leasing Solutions was singled out for its comprehensive product offer, advances in digitalization and innovation in sustainable finance. The judges were particularly impressed with the integrated One Bank model that allows BNP Paribas Leasing Solutions to draw on the vast expertise and capabilities of the BNP Paribas Group to deliver an unrivalled, fully integrated offer across its partner and client base.
Commenting on the two awards, Pascal Layan, Deputy CEO at BNP Paribas Leasing Solutions said: “To be recognised as the European Lessor of the Year for a record 7th time is just a remarkable achievement. It’s a very clear vote of confidence in the strength of our business model, our teams and the expertise we bring to the asset finance market. To also win the Best Energy Transition Financing Program award, in the first year for this award category, shows that our efforts in supporting the Group’s ambition to be a leading player in sustainable financing is paying dividends. I want to thank and congratulate our entire team on winning these awards.”
The awards ceremony was preceded by a conference during the day where William De Vijlder, Chief Economist at BNP Paribas and Pascal Layan presented their thoughts and insights in to the current economic environment, and the role of leasing during this period of uncertainty.
Additionally, 3stepIT, the leading provider of technology lifecycle management solutions and partner in the BNP Paribas 3 Step IT Joint Venture also secured the award for Best Circular Economy Model, edging out CSI Leasing and Société Générale Equipment Finance to take the honours.
Ford Trucks and BNP Paribas Leasing Solutions join forces to offer tailor-made financing solutions in Europe. Ford Trucks customers will benefit from the most suitable financial solutions under the brand “Ford Trucks Lease”.
Ford Trucks reached an agreement with BNP Paribas Leasing Solutions to offer finance solutions to their customers based in France, Germany and Benelux. Through this cooperation, customers will be able to access a range of leasing and financing solutions for all their requirements across the Ford Trucks Dealer Network.
Ford Trucks, Ford’s only heavy commercial vehicle production hub worldwide, joined forces with BNP Paribas Leasing Solutions, part of the BNP Paribas Group, Europe’s leading bank and an important international banking player. Together, they will offer Ford Trucks’ customers financing solutions in France, Germany and the Benelux countries.
As an innovative brand that pays attention to its customers’ needs, Ford Trucks regularly introduces new business models that make an impact on the global market. Building on more than 60 years of experience in truck manufacturing and product development for international markets, Ford Trucks is taking another step to strengthen its aim of being a “companion” that cares about its customers and improves their business. As part of the new cooperation with BNP Paribas Leasing Solutions customers who choose Ford Trucks vehicles in France, Germany, and the Benelux can now benefit from Ford Trucks Lease’s financing options in line with country and market dynamics.
Following back-to-back launches in Portugal, Spain, Italy, Belgium and Luxembourg, Ford Trucks continued to take strategically concrete steps in its growth journey in Western Europe by making successive appointments of distributors in Europe’s biggest markets, Germany and France last year. With this agreement, the company will offer financial leasing, operational leasing and loan solutions to its customers in the regions, under the “Ford Trucks Lease” brand through its distributors.
Ford Trucks Lead Serhan Turfan: “As our global journey continues, we offer our customers more benefits through our cooperation with BNP Paribas Leasing Solutions.”
Noting that the logistics needs are on the rise, in line with heightened commercial activity, particularly in recent years, leading to an increase in heavy vehicle exports, Ford Trucks Lead Serhan Turfan commented on the international expansion of Ford Trucks and cooperation with BNP Paribas Leasing Solutions:
“As Ford Trucks, we are happy to reach a ground-breaking position in the heavy commercial industry in a short time. Winner of the 2019 International Truck of the Year (ITOY) award, the F-MAX continues to be one of the most important symbols of our production power, engineering capabilities, design, technology, and vehicle development skills. After receiving the ITOY award, we accelerated our growth plans as a result of the high demand for the F-MAX in Europe. Through our engineering expertise and superior R&D, we now produce trucks and operate in over 40 countries worldwide. Our global expansion continues as planned with new facilities, more markets, and new collaborations. In this regard, our cooperation with BNP Paribas Leasing Solutions stood out with its wide range of financial products and digital solutions. In line with our goal of being a “companion” who cares about their customers and improves their business, we will continue to create amenities for our customers to push their business even further.”
“We are proud to be partnering with Ford Trucks and support their development plans in France, Germany and the Benelux. Our international presence associated to our local expertise allows us to provide our partner with a solid financing programme to accelerate their business.” said Isabelle LOC, CEO of BNP Paribas Leasing Solutions.”
ABOUT FORD TRUCKS
Ford Trucks is one of the largest international heavy truck manufacturers in the world. We produce a range of vehicles including tractors, construction trucks and distribution trucks weighing over 16 tons. Ford commercial vehicles’ proven track record of quality, durability and efficiency underpins Ford Trucks’ international product strategy. At Ford Trucks, we combine more than half a century of design and production experience with expertise in market-specific product development, to engineer the main components of our vehicles, including the all-new engines. We currently operate across Europe, the Middle East, Africa, Russia and the CIS, and continue to grow our international network in 3 continents. Hundreds of thousands of trucks all around the world set out each and every day with the confidence that Ford provides.
For more information about Ford Trucks and its products worldwide, please visit www.fordtrucksglobal.com.
Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription management platform provider, and BNP Paribas Leasing Solutions, international equipment finance player, today announced a partnership to offer new usage-based solutions for professional equipment. Part of one of the world’s 10 largest banks, BNP Paribas Leasing Solutions provides financing services for professional equipment across 20 countries around the world, and together with Zuora, will enable its industrial partners to nurture and monetize ongoing customer relationships with usage-based offerings.
BNP Paribas Leasing Solutions, an established European leader in equipment finance, is now at the forefront of financial services transformation as they embrace the Subscription Economy® with new monetization strategies,” said Robbie Traube, President and Chief Revenue Officer at Zuora. “Now on Zuora, BNP Paribas Leasing Solutions will have the flexibility and agility to make critical equipment more accessible and tailored to companies’ individual needs, all while providing more sustainable options.”
With Zuora, BNP Paribas Leasing Solutions will enable its partners to offer new usage-based solutions to their own clients, eliminating the need for companies to maintain the equipment, with customized invoicing based on how and when machinery is used. These services also aim to provide a more sustainable approach by prolonging equipment’s lifetime, reducing upgrade costs and enabling the purchase of second-hand and refurbished equipment.
As the Subscription Economy expert, Zuora is the ideal partner to combine an offer with our equipment finance expertise,” said Isabelle Loc, CEO at BNP Paribas Leasing Solutions. “Their innovative and evolutive platform will allow us to provide flexible financial solutions, constantly adapting to the actual usage of the equipment. Our future financing offers will be driven by the equipment consumption and optimization through additional services such as maintenance and lifecycle management. This will help companies deliver on their core business while closely managing their budget and quality of service to their customers.”
BNP Paribas Leasing Solutions’ usage-based offerings will first launch in France and Germany in 2023, with a goal to expand across Europe. To learn more about how Zuora powers the full quote to cash and revenue recognition process, please visit zuora.com.
About Zuora, Inc.
Zuora provides the leading cloud-based subscription management platform that functions as a system of record for subscription businesses across all industries. Powering the Subscription Economy®, the Zuora platform was architected specifically for dynamic, recurring subscription business models, and acts as an intelligent subscription management hub that automates and orchestrates the entire quote to cash and revenue recognition process. Zuora serves more than 1,000 companies around the world, including Box, Ford, Penske Media Corporation, Schneider Electric, Siemens, Xplornet, and Zoom. Headquartered in Silicon Valley, Zuora also operates offices around the world in the U.S., EMEA and APAC. To learn more about the Zuora platform, please visit www.zuora.com.
© 2022 Zuora, Inc. All Rights Reserved. Zuora, Subscribed, Subscription Economy, Powering the Subscription Economy, and Subscription Economy Index are trademarks or registered trademarks of Zuora, Inc. Third party trademarks mentioned above are owned by their respective companies.
SOURCE : ZUORA FINANCIAL
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BNP Paribas Mobility today announced a new offering to simplify and accelerate the transition to electric vehicles for both companies and individuals across Europe. This comprehensive package, launched on a European scale, tackles a key barrier to electric vehicle adoption: convenient and affordable charging points, primarily where a majority of recharges* occur – at home and in the workplace. The initiative actively promotes the transition towards sustainable mobility.
The solutions, Arval Charging Services and Leasing Solutions Charge & Lease, cater to diverse needs:
- Arval Charging Services: Individuals leasing an electric vehicle through Arval gain access to a hassle-free home or office charging solution. This all-in-one package includes station installation, maintenance, and even removal and recycling if needed. For corporate clients, optional employee home charging reimbursement adds further value. Arval Charging Services combines perfectly with the existing Arval public charging offers, allowing customers to have access to charging everywhere they need.
- Leasing Solutions Charge & Lease: Corporate fleet managers can tailor a charging infrastructure package for their companies with various power levels, electric infrastructure, signage, and installation support. Shade huts and energy storage options are available as optional add-ons. This solution seamlessly integrates with existing fleets or alongside Arval’s electric vehicle leasing solutions.
This offer can be combined with Arval’s existing Public Charging Card for convenient on-the-go charging, and with Arval’s SMaRT consulting approach to assist in selecting the right equipment (electric vehicles and charging stations) based on customer needs.
With Arval, a key player in long-term vehicle leasing and specialist in mobility solutions, and BNP Paribas Leasing Solutions, European leader in corporate equipment finance, this new offering reflects BNP Paribas Mobility’s commitment to a more sustainable future. Arval aims to have 350,000 battery electric vehicles in its global fleet by 2025, lowering CO2 emissions by 35% to an average of 93g per vehicle per kilometer. BNP Paribas Leasing Solutions, meanwhile, plans to finance €240 million in charging infrastructure across Europe by 2025, empowering companies on their path to net zero carbon emissions.
Arval Charging Services is launched in France since January 11, 2024, in collaboration with EDF Group** under the name Arval Charging@Home. It complements existing on-the-go and office charging solutions available within the broader Arval Charging Services and Leasing Solutions Charge & Lease framework.
With this innovative and timely offering, BNP Paribas Mobility is charging headlong into the future of electric mobility, making the switch easier, more convenient, and more affordable for everyone.
Alain VAN GROENENDAEL, Chairman and CEO of Arval, said, “As an international player in long term vehicle leasing and new mobility services, energy transition is at the heart of our strategy. We are proud to help accelerate and promote technological innovations that complement our electric vehicle leasing offer.” He added, “This solution sustains the global increase of electric vehicles in fleets, making accessible to their users convenient and more accessible charging points at home or at the office, cheaper than public charging.”
Isabelle LOC, CEO of BNP Paribas Leasing Solutions, said, “At BNP Paribas Leasing Solutions, our mission is to support the real economy by facilitating access to financing of less polluting equipment and helping our partners and customers transition to electric mobility. Switching to electric cars creates a massive need for charging infrastructure. A successful ecological transitionwill require a network of reliable charging infrastructures.”
*Demand for EVs is soaring. Is Europe’s charging station network up to speed? | Euronews
**Through its IZI by EDF and IZIVIA subsidiaries.
#BNPParibasMobility
About Arval :
Arval specialises in full-service vehicle leasing and new mobility solutions, leasing close to 1.6 million vehicles as at the end of June 2023. Every day, more than 8,000 Arval employees in 29 countries offer flexible solutions to make journeys seamless and sustainable for its customers, ranging from large international corporate groups to smaller companies and individual retail clients.
Arval is a founding member of the Element-Arval Global Alliance, a world leader in the fleet management industry, with more than 4.4 million vehicles in 56 countries. Arval was founded in 1989 and is fully owned by BNP Paribas. Arval is positioned within the Group’s Commercial, Personal Banking & Services division.
TSG and BNP Paribas Leasing Solutions have signed a partnership to deliver financial and technical solutions to support their customers’ needs in terms of energy transition. TSG will distribute its complete range of solutions, while BNP Paribas Leasing Solutions will offer finance solutions that answer each client’s needs.
This partnership will be effective on the whole European market, in the countries where both companies operate.
European Leader in Technical Services for Responsible Mobility Solutions, TSG offers companies a full range of energy transition solutions encompassing notably Electrical Vehicle Charging as well as Solar local generation solutions and hydrogen infrastructures. Thanks to its network of 2 900 highly skilled technicians and experts based in 30 countries in Europe, TSG guarantees a high quality of execution, with a constant focus on reliability from design, sourcing, installation to daily operations and maintenance.
With this alliance with BNP Paribas Leasing Solutions, TSG will be able to offer a finance solution adapted to their B-2-B customers who often struggle to finance their equipment investments. This finance scheme – consisting of a regular fee to access the infrastructure and equipment – will allow companies to develop sustainably while preserving their cashflow.
“The partnership with BNP Paribas Leasing Solutions marks a further step in TSG’s development strategy, offering global responsible mobility solutions and sustainable energy infrastructures for all business customers. Together with BNP Paribas Leasing Solutions, TSG is now offering its customers across Europe a turnkey solution covering both technical and financial aspects. We are convinced that it will bring a true added value to our customers in accelerating their energy transition by facilitating investment in new infrastructures for energy for mobility,”declares Jean-Marc BIANCHI, Chairman and CEO, TSG Group.
“Supporting companies’ transition towards more sustainable or cleaner sources of energy is at the heart of BNP Paribas Leasing Solutions’ corporate engagement. That is why we are looking forward to supporting TSG’s customers energy transition by helping them access innovative and sustainable equipment,” adds Isabelle Loc, CEO, BNP Paribas Leasing Solutions.
About TSG
TSG, the European leader in technical services for responsible mobility, is a key enabler of the energy transition for mobility: With unequalled presence in 30 countries, TSG designs, builds and maintains all types of energy distribution infrastructures for mobility: electric vehicles charging network, LPG/LNG, hydrogen and also fuel / biofuel service stations.
TSG offers a one-stop-shop (equipment sale, projects and maintenance services, digital payments and systems) for innovative energy and retail solutions. TSG serves all types of clients, in the public and private sectors from local authorities and retail to gas station networks and companies fleet installations.
TSG has over 4,700 employees, and revenue by €770m in 2021. TSG’s technicians are uniquely skilled, with recognized expertise in all new mobility energy solutions: electric vehicles, hydrogen, biofuels and natural gas as well as related systems and payment services.
TSG is a privately-held company, owned by its management and the entrepreneurial investment firm HLD.
BNP Paribas Leasing Solutions, European leader in professional equipment finance, announces the successful issuance of its first securitisation on behalf of its affiliate BNP Paribas Lease Group SA.
The EUR 500 million transaction is the first ever public securitisation on professional equipment leasing contracts in Europe with a placement of all tranches to investors.
Isabelle Loc, CEO, BNP Paribas Leasing Solutions: “We are very pleased with the strong reception that this transaction has seen in the market and the trust that investors have shown in the platform. The success of this first transaction will allow BNP Paribas Leasing Solutions to extend its service offering to the benefit of its clients, which consist mainly of mid-size companies and SMEs in the real economy.”
TRANSACTION DETAILS
The securities, backed by more than 75,000 equipment leasing contracts with French SMEs and corporates, comply with the requirements for simple, transparent and standardised securitisations (STS), as well as those of the Capital Requirements Regulation (CRR).
The deal, which attracted strong demand from investors and was oversubscribed across the capital structure, priced on 28 October 2021 and closed on 22 November 2021.
BNP Paribas acted as Sole Arranger and Sole Lead Manager.
BNP Paribas and BNP Paribas Lease Group were advised by Hogan Lovells.
BNP Paribas Leasing Solutions receives Vendor Finance Provider and Best Energy Transition Financing Programme(s) awards at the Leasing Life Conference & Awards 2023. The ceremony, hosted on 9th November 2023 in Budapest, Hungary, marked the 20th anniversary of the prestigious awards which recognise the achievements of the key players in the European asset finance industry.
Scooping not one, but two fiercely contested awards, the accolade of Vendor Finance Provider is in recognition of BNP Paribas Leasing Solutions’ enduring commitment to its extensive network of equipment manufacturers and suppliers across Europe and beyond – supporting investment in essential business assets to boost growth and drive innovation.
The Award for Best Energy Transition Financing Programme(s) reflects BNP Paribas’ dedication to supporting partners and clients on their journey to net-zero.
Commenting on the two awards, Pascal Layan, Deputy CEO at BNP Paribas Leasing Solutions said: “To be recognised as Vendor Finance Provider highlights our unwavering commitment to partnerships, a core company value that drives us forward. To win the Award for Best Energy Transition Financing Programme(s) for the second year in a row emphasises our dedication to supporting our partners and their clients in their sustainable transition.”
“I want to thank our teams whose hard work fuels our success, and to our partners and clients who consistently place their trust in us. Together we are contributing to a sustainable and prosperous future.”
The awards ceremony was preceded by a conference at which Pascal Layan hosted an insightful and panel discussion with key members of the BNP Paribas’ team on a wide range of topics including business growth, new business models, digitalisation and sustainability.
Our joint venture partner, 3stepIT, also enjoyed well-deserved success on the night, securing the Best ‘ESG/Sustainability’ Initiative of the Year.
On 30 April, BNP Paribas Leasing Solutions and Same Deutz-Fahr (SDF) marked a milestone anniversary as they celebrated a 25-year successful partnership. The partnership has been instrumental in driving the continued evolution of the agricultural sector through the formation of SDF Finance in 1998.
Since its inception, SDF Finance has been committed to providing innovative solutions and consistent funding that cater to the evolving needs of the agricultural industry. Today, the scope and geographical reach of the SDF Finance program has expanded, operating in 22 markets. The program offers sales support and finance solutions tailored to the manufacturer, its extensive dealer network, and the end customer.
The partnership between funder, manufacturer, and dealer has been effective in ensuring that the end customer has access to the most appropriate equipment and financing. This collaboration has helped SDF Finance to keep pace with evolving customer demands and changing market needs.
In a statement, Pascal Layan, Deputy CEO, BNP Paribas Leasing Solutions said, “We are incredibly proud of this milestone anniversary with one of the key players in agriculture equipment manufacturing. SDF Finance’s continued success reflects the breadth and depth of our expertise and geographical reach. We enable SDF and its dealers to offer customers access to innovative and high-quality equipment which helps to drive their businesses forward sustainably and realize their growth potential.”
Alessandro Maritano, Chief Commercial Officer, SDF stated “Sharing a common business ethos is one of the keys to the success of this partnership between SDF and BNP Paribas Leasing Solutions. Furthermore, facilitating access to new technologies and sustainable innovation is strong leverage to deliver tailor-made financial solutions to SDF dealers and customers. Having BNP Paribas Leasing Solutions as a solid worldwide financial partner has been, and will continue to be, a strong asset to shape the future growth of SDF in the agriculture industry.”
ABOUT SDF
SDF is an Italian multinational company based in Treviglio (Bergamo, Italy), among the world leaders in the production of tractors, agricultural harvesting machines and diesel engines. SDF distributes its products under the brands SAME, DEUTZ-FAHR, Lamborghini Tractors, Hürlimann, Grégoire and Vitibot. The tractor line-up covers a power range from 25 to 336 hp, while the harvesting machine range goes up to 395 hp. In nearly a century of history, SDF has contributed significantly to the mechanization of the agricultural sector, leading a successful international expansion path and being a driver of the digital transformation of agriculture. Today SDF produces “smart tractors” designed for increasing operational efficiency and productivity with a focus on Agriculture 4.0. SDF can rely on 9 production sites, 12 sales subsidiaries, 2 joint ventures, 155 importers and over 3,100 dealers and it employs more than 4,400 people worldwide. In 2022, the Company recorded revenues of 1,803 million euros and an EBITDA of 11.1%.
For more information, visit sdfgroup.com