Search
Close this search box.
Sign up for our weekly Newsletter

V12 Vehicle Finance appoints new Managing Director

In his new role as Managing Director Nield takes over leadership of the Vehicle Finance business, working closely with Secure Trust Bank’s board as the company accelerates its growth ambitions. 
David Nield V12 Vehicle Finance 1
David Nield

Share

April 23, 2021

V12 Vehicle Finance – powered by Secure Trust Bank – has announced the appointment of its new Managing Director, David Nield.

Nield brings more than 25 years of experience in the finance industry to his new role, including senior positions at Barclays, Iveco Capital Europe and GE Capital Motor Finance.

He was formerly Secure Trust Bank Chief Operating Officer, a role he held for eight years, and has been part of Secure Trust Bank and its subsidiaries (the Group) since July 2009.

In his new role as Managing Director Nield takes over leadership of the Vehicle Finance business, working closely with Secure Trust Bank’s board as the company accelerates its growth ambitions.

He said: “We have one of the broadest propositions in the market, having successfully launched our V12 Used Vehicle Stocking business in 2019 and the recent launch of our new Prime proposition which builds on our well established Near Prime business.

“We partner with some pretty amazing businesses which help customers buy the cars they want and need through a variety of channels. We aim to both deepen those relationships and develop new ones, leveraging the breadth of our products, our experience and of course our great team.”

The Vehicle Finance business currently operates under two brands, Moneyway for its Near Prime proposition and V12 Vehicle Finance for its Prime and Used Vehicle Stocking business. These used car finance solutions help independent and franchised dealers across the UK source, buy, sell and finance used vehicles more efficiently and more often.

Nield succeeds David Mercer who was Managing Director of V12VF for three years.

Thinking of the switch to electric?

Need help in finding the right electric vehicle for you? Compare driving range, battery capacity, charging time, price, and features to find the perfect EV for you.

Got a spare 30 seconds?

 Help us to provide you with better market insight by completing a very short survey. It is anonymous and only takes 30 seconds. You will get free access to the quarterly results.

Share this article

Facebook
Twitter
LinkedIn
WhatsApp
Reddit
Email

Want more motoring news?

Sign up here for our free weekly serving of motoring.

Sign up here for our free weekly serving of motoring.

Chris Wright

Chris Wright

Chris Wright has been covering the automotive industry nationally and internationally for 30 years. Following spells with consumer titles he became News Editor of Automotive Management (AM), Editor of Automotive International, International Editor for Detroit-based Automotive News, and Editor of Dealer Update. He has also co-authored several FT Management Reports and contributes regularly to Justauto.com

Latest news

Scroll to Top