Fred Weick is new MD of Daimler Financial Services India

On January 20, 2015 Daimler Financial Services (DFS) announced the appointment of Fred Weick as the Managing Director of Daimler Financial Services India (DFSI). DFSI was established in 2011 and was originally headed by Sidhartha Nair who is now the Head of Strategy for the Americas region.

Peter Henn, Daimler Financial Services Board of Management Member responsible for the AAP Region said, “We are excited to have such an experienced and valuable colleague like Fred join the DFSI team. The Indian market has many opportunities. We are positive that Fred will continue to consolidate on the solid foundation which was built by his predecessor Sidhartha Nair.”

Weick was previously appointed as the Managing Director of Mercedes-Benz Financial Services in Portugal. One of Weick’s long term responsibilities at DFSI will be to drive the growth for India’s captive finance segment. He hopes to create scale for the business with tailor made finance solutions. Daimler Financial Services India completed three years of operations in July 2014. The company is managing a portfolio of over Rs. 2500 Crores. The current team comprises over 100 employees who support all Daimler auto financing needs across India both for passenger cars and commercial vehicles. DFSI has introduced innovative and value added finance options in the luxury car and CV space and is committed to playing a key role in the growing captive finance segment of India.