Aldermore has announced a new managing director for its asset finance business.

Carl D’Ammassa takes up his role on 1 October and joins Aldermore from Hitachi where he was managing director of its asset finance business.

He will be based in Aldermore’s Reading office and will report directly to Mark Stephens, Group Commercial Director and Deputy CEO.

In addition, Jonathon Maycock will join Aldermore on 16 September as the new national sales director for asset finance.

Maycock joins Aldermore from GE Capital where he was most recently its commercial director for equipment Finance.

D’Ammassa said: “Aldermore has built an excellent asset finance business which has real commitment to solving the funding needs of small and medium sized businesses throughout the UK.

“I am excited to join such a dynamic, progressive bank and look forward to building on Aldermore’s already strong reputation for quality and reliability in serving their customers’ needs.”

Mark Stephens added: “I am delighted to welcome both Carl and Jonathon to the business. Carl’s extensive knowledge and experience of the asset finance industry means he will make a positive contribution and I look forward to seeing the growth continue under Carl’s leadership.

“These appointments demonstrate our commitment to providing exceptional Asset finance facilities to SMEs and I am very confident that through these hires and with the team we have in place, we will further enhance our position in the highly competitive Asset Finance market.”