David Bettley, Toyota Financial Services UK managing director, is to retire in order to support his wife as she recovers from a recent illness.

He also steps down from his concurrent position of senior vice president of Toyota Financial Services Corporation's (TFS) Europe and Africa region.

Betteley joined Toyota in 1998 and spent the first two years leading the team that set up Toyota's Motor Captive Finance in the UK.

Toyota has not yet announced who is to replace Betteley.