A big Business Money success
The 14th Business Money All-Asset and Trade Finance Conference, sponsored by world class law firm, Squire Patton Boggs and held in the City of London has been judged a great success by delegates which included visitors from Europe, the USA and Russia.
Attended by the major all-asset finance lenders, three of the four big UK banks and several challenger banks, independent invoice finance houses and supporting professions in corporate recovery, debt advisory, recruitment and appraisal, the blend of experience opened up previously unconsidered avenues of opportunity and challenge.
Chaired by Jo Bennett-Coles, managing director of FGI, the conference heard and discussed the wealth of opportunities and challenges in the all asset finance arena, closing with a session, under Chatham House rules, where the leading financiers from the USA and the UK revealed their book figures and strategy.
Threats to the pure invoice finance houses were debated along with how they might expand their proposition into an all-asset finance offering and the threat, maybe opportunity, posed by FinTech. This brought a revealing insight when the recruitment consultants present discussed the talents that FinTech operators were now seeking to bolster their teams.
An in-depth presentation on the huge opportunity presented by the Hinkley C nuclear power station project opened a lot of eyes. Some 3,700 SMEs, including some quite big ones from all walks of construction, industry and commerce are actively involved and need financing.
Sophie Grove, managing director Business Money Media and Events commented:
“Persuading ever busier people to take a day away from the coalface for a conference like ours gets tougher every year, I am delighted to report that those that did were well pleased with what they learned. We will shortly be publishing the date of next year’s conference. Those that attended this year will be there, I urge the few that could not make it this year to note the day and keep it clear.”