NextGear Capital has announced the appointment of Amrit Singh to the role of finance director.

Singh (pictured) joins from eight years with Deutsche Bank, London, and brings with him a wealth of experience in the financial services industry, including the management of equity stock funding to hedge funds and pension funds.

Prior to Deutsche Bank, he spent five years in retail accounting, working for national household names, including Next and Signet (H Samuels, Ernest Jones).

Singh said: "I'm excited to be joining NextGear Capital and the Cox Automotive Group at this key time. There is massive growth potential for the business over the next 12 months and the change we can make in the automotive industry is very exciting.

"I look forward to driving this growth with the team."

NextGear Capital’s managing director Liam Quegan said: "We have seen exceptional growth over the past year and we are proud to help dealers across the UK free up capital on stock, enabling them to grow, invest and enhance their business in other ways.

"Amrit will add a vast amount of experience, having worked in the fast-paced world of banking for the past eight years. We look forward to working with him going forward."