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Weick, who has been the Managing Director of Mercedes-Benz Financial Services Portugal, in his new role will have a long term responsibility to fuel growth for India's growing captive finance segment.
The company said that the new managing director is expecting to create scale of the business by catering to customers needs with tailor made finance solutions in a quick and efficient manner.
DFSI was established in 2011 and was earlier headed by Sidhartha Nair, wh has moved on to become the head of strategy of the Americas Region, of DFS group.
Peter Henn, Daimler Financial Services Board of Management Member responsible for the AAP Region said, "We are excited to have such a seasoned and valued colleague like Fred join theDFSI team. India is a huge market with a wealth of opportunities."
DFSI completed three years of operations in July, 2014, managing a portfolio size of over Rs 2,500 crore.
It has around 100 employees supporting and has bagged around 9,000 retail contracts including over 5,000 in the passenger car segment in the passenger car segment and over 4,000 in the commercial vehicle segment.
