Hoist and Vesting Finance form partnership

With effect from July 1st, Hoist Finance has outsourced the servicing of its portfolios in the Netherlands to Vesting Finance. Due to its continued focus, as assetmanager, on the acquisition of portfolios and its choice for flexibility in servicing of consumer receivables, Hoist Finance decided to outsource its operational activities. After a careful selection process, Hoist has chosen Vesting Finance to ensure the quality of its existing services and to benefit from the economies of scale offered by Vesting Finance.

An important part of this transaction is the transition of the staff involved. On Monday July 1st, the new Vesting Finance office in Amsterdam was ceremoniously opened and Hoist's new colleagues were given a warm welcome.

Hoist Benelux will remain active in the Dutch market and will focus on investing in portfolios of loans and other receivables (performing and non-performing).

‍Bob Plug, MD Hoist Benelux: 'By choosing Vesting Finance, we are choosing a reliable and reputable party with a clear specialisation in the sectors in which we operate. This is not only important for the proper management of the existing portfolio, but precisely also for future market opportunities. It is important for us to have a partner that is compliant with all applicable laws and regulations and at the same time agile enough to support us in important commercial trajectories. We are convinced that we have selected the right party with Vesting Finance.'

Reza Atighi, CEO Vesting Finance: ‘Over the past period, we at Vesting Finance have been strongly committed to providing high quality services for both our clients and their customers. We see Hoist's choice of Vesting Finance as confirmation that our strategy is the right one. We have won several large outsourcing mandates in recent months and this transaction fits in perfectly with that. It is important for the continuity of our organisation to tie parties like Hoist to us for a longer period.'‍