Distribution Finance Capital Holdings has appointed Carl D'Ammassa as its new chief executive officer.
D’Ammassa has more than 20 years’ experience in commercial finance including most recently at specialist finance provider White Oak. He spent much of his career at Aldermore Bank and GE Capital.
He was also part of the senior management team that successfully listed Aldermore on the London Stock Exchange in 2015.
He spent 10 years at GE in the UK where his final role was chief executive officer for the equipment servicing arm of the business.
Other roles have included chief executive officer of heavy plant machinery supplier Hydrex and UK managing director of Hitachi Capital Business Finance.
Distribution Finance Capital Holdings’ loan book at the end of 2019 was £208 million, a rise of 82% compared to the end of 2018.
Company executives stated that growth would have been higher had further funding been available and added that while origination remains strong, delays to obtaining a bank licence will have an impact on the company's ability to satisfy all the demand for its products until a licence is secured.
John Baines, chairman of Distribution Finance Capital Holdings, said: “We are delighted to have secured the talents of Carl at this pivotal moment for the company as we continue to implement our wider business strategy. Carl brings an enormous depth of experience to the company and we are excited about the leadership that he will bring to the business.”
