Rivers Leasing Plc appoints former Managing Director of Arkle Finance, as Non-Executive Director

Hamilton, Bermuda: January 19, 2018 - In a filing with the Bermuda Stock Exchange (the “BSX”) Rivers Leasing Plc (the “Group” or the “Company”), whose Secured Loan Note Programme is listed on the BSX announce Board changes. The full filing stated:  

This week, independent niche asset finance funder Rivers Leasing, has announced the appointment of Stephen Bassett, former Managing Director of Arkle Finance, as Non-Executive Director.

Having finished 2017 by exceeding growth targets for the year and launching a unique £3 million Loan Notes investment opportunity with an award winning P2P investment provider, Rivers Leasing is continuing its development trajectory with the support of Bassett, who brings more than 40 years of asset finance and leasing sector experience to the organisation.

With much of his career spanning senior management and directorship roles at organisations including Schroder Leasing Ltd, Lloyds & Scottish Finance, Lombard, Wyse Leasing Plc and Broadcastle Plc, Bassett has worked for a number of well-known and reputable organisations. In that time he has managed many different specialist departments in most aspects of the industry, and has been involved in the design or provision of all relevant financial instruments, processes and systems.

Having recently retired from his full time role as Managing Director of Arkle Finance, a subsidi-ary of Wetherbys Bank, where he oversaw the growth of the Arkle Finance portfolio from £30m to £85m, he now joins Rivers Leasing as a Non-Executive Director, bringing his considerable knowl-edge and innovative outlook to a new area of the market.

His appointment at Rivers Leasing marks the continued and carefully considered development of the funder, which has built its reputation on a commercial, flexible, reliable, functional and customer focused approach to facilitating the lease contract process.

Ratan Daryani, Chairman of Rivers Leasing says: “I am pleased to announce the appointmentof Stephen Bassett as a Non-Executive Director. Stephen’s invaluable knowledge and experience in the leasing and finance industry will considerably strengthen the Rivers Leasing Board and we look forward to working with him as we scale up for the next stage of growth.”

Stephen Bassett, comments: “I look forward to working with the Rivers Leasing team who havedone a terrific job in developing their business from start up to this stage, and working with the Board to develop the business even further.”

About Rivers Leasing

Rivers Leasing is an independent niche asset finance funder, specialising in providing lease and asset finance to businesses and organisations in all industry sectors. Concentrating on lease values between £2,000 and £50,000, Rivers’ approach is commercial, flexible and primarily focused on the financial status of the customer, with a wide range of business sectors and assets within scope. We allow for flexibility, competitive pricing, and a functional approach to facilitate the lease contract process.

For more information contact Business Development Director Tim Shand: tim@riversleasing.com