SALE appoints new structured finance director

Singapore Aircraft Leasing Enterprise (SALE) has appointed Steven Townsend as its structured finance director.

In his new position, Townsend will have a global brief and will be responsible for the development of structured finance and off-balance sheet transactions for the company.

He joins SALE from Deutsche Verkehrsbank DVB, where he was head of their global distribution team. Townsend, who has 10 years experience as an investment banker specializing in the aviation industry, will be based in the UK and will report to SALE's managing director, Robert Martin.

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