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.
Recommended for you
JANA Investment Advisers has made several internal promotions and new appointments across its research team to bolster its position in the market.
SQM Research’s former head of research, Rob da Silva, has joined an investment consulting and analytics firm to drive the expansion of its research coverage.
AFCA has confirmed its chief operating officer, Justin Untersteiner, will be departing the organisation in March to take up a CEO role.
Minister for Financial Services, Stephen Jones, has announced he will be retiring at the upcoming federal election.
