Gary
Dawkins, former sales manager at Fortis Lease, will lead asset
finance broker Capitas Finance’s new vehicle financing subsidiary,
Capitas Vehicle Finance Ltd (CVF), taking a shareholding in the
business in the process.
Having developed experience of funding
prestige vehicles at Fortis, Dawkins will develop CVF’s offering to
dealers looking to finance cars for high net worth customers. “It’s
the end of the market where there remains a real need for the
expertise and flexibility a broker can offer”, Dawkins
commented.
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He added that CVF will be looking to offer
variable rate deals through dealers, and will use more than one of
Capitas Finance’s asset finance lenders for credit.
Capitas Finance
managing director Jeremy Hartill said: “Gary brings 22 years of
experience, a proven track record and established market
reputation. Our new subsidiary provides both commercial and high
net worth consumer funding and Gary’s will specialise in retail
paper funding.”
Co-director Simon Brook added: “We
expect Gary to enhance the Capitas team immediately and further
improve our competitive position in the automotive finance
marketplace. We envisage he will provide a major impetus to our UK
growth plans.”
Those growth plans include the recent signing
by CVF of an agreement to provide £2.5 million of retail funding to
a top 14 UK dealer this year.
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