DF Capital, the specialist commercial lending bank supporting dealers and manufacturers with working capital solutions, has appointed David Witherspoon as managing director of commercial sectors.
Witherspoon is responsible for all lending activity across agriculture, industrial and transport asset types and leads the bank’s sector manufacturer programme and client management teams.
He has more than 30 years of experience in equipment finance lending. For the past three years, he has run his own consultancy, delivering value-added services to manufacturers, vendors, distributors, and their financial services providers. Before that, he worked at Dutch financial services company DLL for almost 18 years in various senior global roles.
Earlier in his career, he also worked for GE Capital, Woodchester Credit Lyonnais, Sabre Leasing and Mercantile Credit.
Witherspoon said: “It’s a pleasure to be joining an ambitious business which places great importance on its partnership approach to working with customers. My experience stretches across all the sectors DF Capital operates in today, so I look forward to getting to know my colleagues and our partners and hitting the ground running.”
Carl D’Ammassa, CEO at DF Capital, said: “David has a depth of product and commercial sector experience, having successfully led similar lending business at a local, regional and global level. As well as David’s proven leadership experience, his strategic mindset will be put to work to help us further grow the reach of our lending products across more sectors and asset classes so that we can support more manufacturers’ and dealers’ working capital needs.”