Gurugram : Mr. Andreas Modlmayer has been appointed as the
new Managing Director and Chief Executive Officer of BMW India Financial
Services. Mr. Andreas Modlmayer succeeds Mr. Jaejoon Lee.
Mr. Andreas Modlmayer has been associated with the BMW Group since
2000. In his last assignment, he was the CEO of BMW Austria Bank in Greece. He
brings rich experience of working in leadership positions for BMW Group
Financial Services across several other markets such as New Zealand, China,
Hong Kong. Mr. Modlmayer began his career with BMW Bank GmbH Munich in Sales
and Marketing function.
Ms. Lisa Ng, Regional Chief Executive Officer of BMW Group Financial
Services for Asia Pacific said, “Mr. Andreas Modlmayer brings with him valuable
expertise and leadership acumen, with successful development of BMW Financial
Services in diverse markets for over two decades. India is an important market
for us, and we are confident that he will further add to the company’s growth
as he takes charge of BMW India Financial Services.”
Ms. Lisa Ng added, “We thank Mr. Jaejoon Lee for his immense
contribution to BMW India Financial Services in the recent years. He
successfully steered the company with new initiatives in product offerings and
customer centricity and strengthened the foundation for future growth. We wish
him all the best as he returns to BMW Korea once again.”
During the tenure of Mr. Jaejoon Lee, BMW India Financial Services
successfully maintained its position as a premium provider of end-to-end
automotive financial solutions in India.
BMW India Financial Services
BMW India Financial Services, a 100% subsidiary of the BMW Group, is
headquartered in Gurgaon (National Capital Region) and started operations since
June 2010. BMW India Financial Services operates with three business lines:
Retail Finance, Commercial Finance and Insurance Solutions (as corporate
agents). The services offered are significantly valuable to the premium
clientele of BMW, MINI and BMW Motorrad who require exclusive and flexible
financial solutions. Service excellence is the primary focus of operations
across all business lines.
Customers enjoy great value proposition and complete peace of mind with
the ‘BMW Smart Finance’ offering from BMW India Financial Services, financial
products which offer attractive benefits such as low monthly instalments,
assured buy-back, flexible end of term options and an opportunity to upgrade to
a new car amongst other benefits. From amongst the financed cars, 1 out of
every 4 cars sold by BMW and MINI is financed by BMW India Financial Services.
If you have any queries, please contact:
BMW Group India
Richa Sharma, Press and Corporate Affairs
Cell: +91 99100 22148; Email: Richa.Sharma@bmw.in
Satchit Gayakwad, Press and Corporate Affairs
Cell: +91 95607 25900; Email: Satchit.Gayakwad@bmw.in
Internet:
https://www.bmw.in/en/fastlane/bmw-financial-services-new/overview.html
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