Investec appoints acquisition exec
Former GE Capital executive, Furqan Badri will take on an executive corporate and acquisition finance role with Investec Australia, following the group’s entry into the Australian asset-based lending (ABL) market and the withdrawal of GE Capital.
Commenting on Badri’s appointment and Investec’s entry into ABL market, Investec head Simon Beissel, said: “The opportunity in Australia fills the void in the ABL market following the withdrawal of GE Capital”.
“Over the past 12 months, Investec has been setting up the ABL platform which included system installation and the appointment of Furqan Badri.”
Badri has more than 15 years of ABL experience, and led the ABL underwriting team at GE Capital for 18 months and was the senior associate director of the firm between 2000 and 2007. He has also held positions with State Street and Westpac Banking Corporation.
AUTHOR
Staff Writer
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.
