Toyota Financial Services (UK) appointed Doug Gillies as managing director with effect from November 1, replacing David Betteley who retired in October.

Following an early career in banking, and various positions in corporate and motor finance with Lloyds Bowmaker, Gillies worked in the Lloyds Bowmaker/Toyota Finance joint venture before joining the newly formed Toyota Financial Services (UK) in 1998.

Toyota said Gillies played a key role in establishing the in house business and setting up the new back office and support services.

Since then, as operations director of TFSUK, Gillies has overseen the successful development and growth of the business to support Toyota and Lexus sales in the UK.