Tandem Bank Appoints David Briggs as MD of Car Finance

Car Finance Division set for relaunch and rapid expansion in the coming months as consumers seek greener choices in their vehicle purchases

Leading digital bank Tandem announces the appointment of David Briggs as Managing Director of its Car Finance Division with immediate effect.

David joins Tandem in this newly created senior role to accelerate and amplify Tandem’s mission to build the UK’s fairer, greener digital bank and is the first senior appointment to Tandem’s Executive Committee following Tandem’s acquisition of leading consumer lending Oplo in January this year.

David joins from a stellar career in the motor finance industry, having held senior positions at Mercantile Credit, First National Motor Finance (formerly Wagon Finance) and most recently as Chief Operating Officer at MotoNovo Finance (formerly Carlyle Finance), where he played a critical role in the transformation of the business into a leading and highly-profitable independent motor finance organisation.

Tandem has been clear on its intentions to broaden and develop its product offering across a range of consumer lending products. The Car Finance division complements Tandem’s leading consumer lending platforms in first and second charge mortgages, home improvement loans and personal lending as well as its established digital savings business.

Commenting on his appointment, David said:

“I am delighted to be joining Tandem at this exciting time as it accelerates ambitions to build a bank focused on helping customers make fairer and greener financial choices. With net zero targets becoming increasingly present in customers’ minds and purchasing behaviours, we have a powerful part to play in helping customers do their bit for the planet when it comes to greener financial choices for their motoring needs. We have some exciting, market disrupting products and services to offer customers as part of our relaunch later this year.”

The Car Finance Division will be based from Tandem’s offices in Cardiff. An early priority for David is to quickly increase the size and skills of the team, and in this respect some further key appointments are expected to be made in the coming weeks.