Ashurst is pleased to have advised Custom Fleet on the establishment of its A$1 billion multi-series master trust securitisation of vehicle and equipment fleet leases.

Custom Fleet, part of Element Fleet Management Corp., a global leader in fleet leasing and management, is a leading fleet leasing company in Australia and New Zealand.

BAML, JPM and Westpac are the senior financiers in respect of the revolving warehouse.

The team was led by partner Jennifer Schlosser (Global Markets) and included senior associate Eugene Ng and lawyers Jason Wong, Bonnie So, Jacqueline King and Jamie Bang (Global markets); partner Phil Trinca (Finance Regulatory); partners Ian Kellock and  Barbara Phair, with senior associates Bronwyn Kirkwood and Elke Bremner and lawyer James Sainty (Tax); with partner Nigel Deed with lawyer Rachel Tate (Corporate).