Axactor acquired another unsecured NPL portfolio originally generated by a large Spanish consumer finance institution. The portfolio includes unsecured and secured loans with a total Outstanding Balance (OB) of approximately EURO 565 million, with close to thirty thousand open accounts of individuals and SMEs.

ASX Limited (ASX) announces that today the ASX Board has appointed Mr Dominic Stevens as its Managing Director and CEO (‘CEO’).  He takes up his new role today.  This appointment follows a comprehensive selection process undertaken by the ASX Board with the assistance of a search firm.

Mr Stevens joined ASX as an independent non-executive director in December 2013.  He has served on the Audit and Risk Committee, and on a number of ASX’s clearing and settlement boards.

Wells Fargo has completed the purchase of the Australian and New Zealand segments of GE Capital’s Commercial Distribution Finance (CDF) business. The acquisition includes CDF assets, and 123 team members across 5 sites in Australia, along with CDF assets and 7 team members across 2 sites in New Zealand.