BOC Aviation opens new London office

Dino D'Amore
By Dino D'Amore October 2, 2014 19:42

BOC Aviation opens new London office

BOC Aviation has announced the official opening of its new London office, headed by Steven Townend, Deputy Managing Director and Chief Commercial Officer for Europe, Americas & Africa.

Townend, who has been in charge of the revenue side of the company since 2004, has more than 20 years of aviation finance and leasing experience. He will oversee all senior relationships within Europe, Americas and Africa, and have primary responsibility for airline leasing and sales in these regions.

Townend will also lead the company’s strategy for developing capital market products for both airline customers and third-party investors. This includes building the company’s managed aircraft business through the sale of portfolios of aircraft into the public asset-backed securities (ABS) markets.

To expand BOC Aviation’s capabilities in these areas, the company has appointed Matthew Baumgarth as Senior Vice-President, Capital Markets. He brings with him 17 years of experience in the aviation finance industry with North American airlines and investment banks. He joins Tim Pickston, Senior Vice-President for Aircraft Sales, to be based in London and will report to Townend.

“BOC Aviation intends to maintain leadership in the global aircraft leasing market, with a focus on building up competencies in the aircraft operating leasing business to further grow the company in breadth and depth,” said Robert Martin, Managing Director and Chief Executive Officer. “With the opening up of the London office, we are building a core European-based team to diversify into investment products for existing and potential investors.”

BOC Aviation, owned by Bank of China, is headquartered in Singapore with offices in Dublin, London and Seattle.

Dino D'Amore
By Dino D'Amore October 2, 2014 19:42