10 February 2017 – WesBank has announced the appointment of Mark Finlayson as the CEO of its Motor division following the departure of Simphiwe Nghona on 1 February 2017. Mark Finlayson is the current CEO of DirectAxis, a subsidiary of WesBank specialising in non-secured personal loans.
“We are excited about what Mark will bring to our Motor division (the largest division in the WesBank Group) in particular his strong business acumen, detailed analytical abilities and notable leadership skills,” says Chris de Kock, CEO of WesBank Group.
Mark has been successful in introducing a partnership approach into DirectAxis which is highly relevant in Motor where a large portion of the business emanates from collaborating with both our OEM joint ventures and Dealers. When combined with the division’s existing strong executive team, we are confident that under his leadership, WesBank Motor will continue to be a formidable competitor in the retail vehicle finance market,” says de Kock.
Finlayson takes on the role as CEO of WesBank Motor from 1 March 2017.
More on Mark Finlayson:
Finlayson graduated from UCT with a B. Business Science Finance degree and went on to obtain his CA qualification with Deloitte and Touche in Cape Town and New York. Finlayson also successfully completed his CFA qualification in 2002.
Prior to joining DirectAxis, Finlayson worked for Mweb, an investment bank in the UK, Rabobank International and Richemont International where he worked in both London and Geneva.
WesBank is acknowledged as the leader in Vehicle and Asset Finance with over 40 years’ experience and R162 billion in assets currently under management. WesBank focuses on providing secured finance to both the retail and corporate markets, as well as related services such as insurance, fleet management and full maintenance lease. WesBank is the partner of choice for over 80 leading international brands in fields such as original equipment manufacturers (OEMs), insurance providers and oil companies. WesBank is a global company with successful operations throughout Africa as well as the UK.