Manchester-based DF Capital, a specialist commercial lending bank supporting dealers and manufacturers with working capital solutions, has appointed David Witherspoon (pictured) as its managing director - commercial sectors. Mr Witherspoon is responsible for all lending activity across agriculture, industrial and transport asset types and leads the bank’s sector manufacturer programme and client management teams.

He has over 30 years’ experience within the equipment finance lending space. For the past three years he has run his own consultancy, delivering value-added services to manufacturers, vendors and distributors as well as their financial services providers. Before that, he worked at DLL for almost 18 years in a variety of senior global roles. Earlier in his career, he also worked for GE Capital, Woodchester Credit Lyonnais, Sabre Leasing and Mercantile Credit.

Mr Witherspoon said: “It is a pleasure to be joining an ambitious business which places great importance on its partnership approach to working with customers. My experience stretches across all the sectors DF Capital operates in today, so I look forward to getting to know my colleagues, our partners and hitting the ground running.”

Carl D’Ammassa, CEO at DF Capital, concluded: “I am delighted to welcome David to the DF Capital team. He has depth of product and commercial sector experience having successfully led similar lending business at a local, regional and global level. As well as David’s proven leadership experience, his strategic mindset will be put to work to help us further grow the reach of our lending products across more sectors and asset classes so that we can support more manufacturers and dealers working capital needs.”