Canadian leasing firm D&D leasing will be known as DND Finance amid executive changes.
The announcement was made by D&D founder and president Bill Dost at the company’s annual charity gala.
D&D Leasing was formed in 2000 to support SMEs through the acquisition of assets. Dost said: “We realized the name no longer fit, we were so much more than just a leasing company, we had evolved into a finance house. We felt the timing and the name really fit, we’ve had an exciting year and we feel the future has lots of potential.”
As well as the rebrand, the gala was used as an opportunity to announce executive changes. Tara Skewes, a long time DND team member was announced as president of Canadian operations effective January 1st, 2019. The appointment was framed as allowing Dost to continue to seek out opportunities to grow the company while ensuring that the day to day operations were not being neglected.
The fundraising gala was in support of Grief Encounter, who support children through the bereavement process.
DND Finance both a continuation and expansion
In December D&D Leasing announced it would set aside monthly income from its lease contracts and originations to contribute to a humanitarian charity. Humanitarian organisation WE supports teachers in schools in the UK and North America and targets poverty in villages across developing communities in Asia, Africa, and Latin America.
In October Leasing Life caught up with Bill Dost to find out more about the Canadian lessor’s plans for expansion – both in Europe and closer to home – following its latest wholesale funding deal with Wesleyan Bank. In August, the business had obtained a £20m (€22.5m) wholesale funding facility from Wesleyan Bank – the newly rebranded Syscap – gearing up for business among UK SMEs.