Macquarie European Rail (formerly Lloyds TSB General Leasing) is a rolling stock company (ROSCO). It is presently owned by the French railway leasing entity Akiem. Founded as Lloyds TSB General Leasing as a subsidiary of Lloyds Banking Group in January 2009, early financing arrangements involved the Class 379 electric multiple units (EMUs) and Class 70 heavy freight locomotives. The venture also expanded into the continent European rail leasing market. In November 2012, Lloyds opted to sell its rail leasing arm to the financial services specialist Macquarie Group. During February 2020, it was announced that Macquarie European Rail was to be sold to another leading organisation, Akiem, the deal was completed two months later.