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.
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